Living in Albion, Iowa
Cost of living, income, home prices, rent and demographics of Albion · Census data 2020–2024
Albion has 622 residents with a median age of 40.7. The median household income is $91,250 (22% higher than the Iowa median), the median home value is $135,200, the median rent is $781/month.
Albion is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Albion at a glance
- Population
- 622
- Median age
- 40.7State: 38.6
- Median household income
- $91,250State: $75,059
- Median home value
- $135,200State: $208,000
- Median rent
- $781/moState: $972
- Homeowners
- 89.7%
- Bachelor's degree or higher
- 9.2%
- Average commute
- 25 min
Is Albion a good place to live?
Pros: Median household income 22% higher than the Iowa median; home values 35% lower than the state median; unemployment of 2.3%; a poverty rate of 10.7%.
Cons: An average commute of 25 minutes.
The weather is best in June to September.
Cost of living in Albion
Housing is the biggest part of the cost of living. In Albion the median home value is $135,200, 59% lower than the U.S. median. Renters pay a median of $781 per month, which is 51% of household income. Homeowners with a mortgage pay $942 a month in housing costs.
Albion median household income
The median household income in Albion is $91,250 and the income per person is $35,377. 10.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Albion: homes for sale and rent
- Housing units
- 301
- Owner-occupied
- 89.7%
- Renter-occupied
- 10.3%
- Vacant
- 16.3%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 2.47
Albion demographics
- Population
- 622
- Median age
- 40.7
- Under 18
- 19%
- 65 and older
- 14.8%
- Households
- 252
- Foreign-born
- 29.4%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Albion ›
Education in Albion
9.2% of adults 25 and older in Albion have a bachelor's degree or higher (Iowa: 31.4%), and 1.2% have a graduate or professional degree.
Jobs and commute in Albion
- Unemployment rate
- 2.3%State: 3.6%
- Average commute
- 25 minState: 20 min
- Work from home
- 4.3%
- Drive alone
- 90.6%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 86.9%
Albion vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albion | 622 | $91,250 | $135,200 | $781 |
| Liscomb | 298 | $84,042 | $93,800 | $1,031 |
| Marshalltown | 27,626 | $69,068 | $127,700 | $891 |
| Conrad | 1,191 | $73,292 | $164,700 | $840 |
| Union | 378 | $55,625 | $74,600 | $875 |
| Whitten | 164 | $92,813 | $90,000 | — |
| State Center | 1,412 | $83,942 | $167,400 | $766 |
| Beaman | 125 | $80,000 | $96,700 | $785 |
| Haverhill | 142 | $61,607 | $115,300 | — |
More for people moving to Albion
Albion ZIP code ›Weather and climate ›Living in Albion: FAQ
What is the median household income in Albion, IA?
The median household income in Albion is $91,250, 22% higher than the Iowa median of $75,059 (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 $135,200, compared with $208,000 in Iowa.
How much is rent in Albion?
The median gross rent in Albion is $781 per month, about 51% of household income.
Is Albion, IA a good place to live?
Pluses: median household income 22% higher than the Iowa median; home values 35% lower than the state median; unemployment of 2.3%; a poverty rate of 10.7%. Minuses: an average commute of 25 minutes.
What is the median age in Albion?
The median age in Albion is 40.7 years (Iowa: 38.6).
How long is the commute in Albion?
The average commute to work in Albion is 25 minutes; 4.3% of workers work from home.
What is the unemployment rate in Albion?
The unemployment rate in Albion is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albion?
9.2% 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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