Living in Albion, Illinois
Cost of living, income, home prices, rent and demographics of Albion · Census data 2020–2024
Albion has 2,001 residents with a median age of 40.3. The median household income is $56,500 (32% lower than the Illinois median), the median home value is $93,800, the median rent is $837/month.
Albion at a glance
- Population
- 2,001
- Median age
- 40.3State: 39
- Median household income
- $56,500State: $83,390
- Median home value
- $93,800State: $263,300
- Median rent
- $837/moState: $1,274
- Homeowners
- 69.1%
- Bachelor's degree or higher
- 12.4%
- Average commute
- 18 min
Is Albion a good place to live?
Pros: Home values 64% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 32% lower than the Illinois median; unemployment of 10.2%; a poverty rate of 27.8%.
The weather is best in May–June and September–October.
Cost of living in Albion
Housing is the biggest part of the cost of living. In Albion the median home value is $93,800, 72% lower than the U.S. median. Renters pay a median of $837 per month, which is 33.8% of household income. Homeowners with a mortgage pay $924 a month in housing costs.
Albion median household income
The median household income in Albion is $56,500 and the income per person is $28,099. 27.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Albion: homes for sale and rent
- Housing units
- 943
- Owner-occupied
- 69.1%
- Renter-occupied
- 30.9%
- Vacant
- 10.1%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.34
Albion demographics
- Population
- 2,001
- Median age
- 40.3
- Under 18
- 25%
- 65 and older
- 17.8%
- Households
- 848
- Foreign-born
- 1.2%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Albion ›
Education in Albion
12.4% of adults 25 and older in Albion have a bachelor's degree or higher (Illinois: 37.8%), and 6.6% have a graduate or professional degree.
Jobs and commute in Albion
- Unemployment rate
- 10.2%State: 5.8%
- Average commute
- 18 minState: 28 min
- Work from home
- 3.1%
- Drive alone
- 73.2%
- Public transit
- 0.5%
- Walk to work
- 7.5%
- Homes with broadband
- 85%
Albion vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albion | 2,001 | $56,500 | $93,800 | $837 |
| Browns | 163 | $57,500 | $31,300 | $600 |
| Bone Gap | 220 | $51,042 | $80,000 | $480 |
| Bellmont | 196 | $55,000 | $47,800 | — |
| Grayville | 1,590 | $46,319 | $74,200 | $677 |
| West Salem | 713 | $49,821 | $74,600 | $811 |
| Keensburg | 149 | $73,409 | $67,500 | — |
| Griffin | 148 | $82,500 | $127,700 | — |
| Parkersburg | 237 | $42,917 | $54,000 | — |
More for people moving to Albion
Albion ZIP code ›Weather and climate ›Living in Albion: FAQ
What is the median household income in Albion, IL?
The median household income in Albion is $56,500, 32% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Albion?
The median home value in Albion is $93,800, compared with $263,300 in Illinois.
How much is rent in Albion?
The median gross rent in Albion is $837 per month, about 33.8% of household income.
Is Albion, IL a good place to live?
Pluses: home values 64% lower than the state median; an average commute of 18 minutes. Minuses: median household income 32% lower than the Illinois median; unemployment of 10.2%; a poverty rate of 27.8%.
What is the median age in Albion?
The median age in Albion is 40.3 years (Illinois: 39).
How long is the commute in Albion?
The average commute to work in Albion is 18 minutes; 3.1% of workers work from home.
What is the unemployment rate in Albion?
The unemployment rate in Albion is 10.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albion?
12.4% of adults in Albion have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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