Living in Albion, Michigan
Cost of living, income, home prices, rent and demographics of Albion · Census data 2020–2024
Albion has 7,560 residents with a median age of 25.8. The median household income is $39,885 (45% lower than the Michigan median), the median home value is $99,900, the median rent is $775/month.
Albion at a glance
- Population
- 7,560
- Median age
- 25.8State: 40.2
- Median household income
- $39,885State: $72,875
- Median home value
- $99,900State: $231,600
- Median rent
- $775/moState: $1,129
- Homeowners
- 60%
- Bachelor's degree or higher
- 17.5%
- Average commute
- 23 min
Is Albion a good place to live?
Pros: Home values 57% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 45% lower than the Michigan median; unemployment of 13.5%; a poverty rate of 25.2%.
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 $99,900, 70% lower than the U.S. median. Renters pay a median of $775 per month, which is 34.1% of household income. Homeowners with a mortgage pay $1,090 a month in housing costs.
Albion median household income
The median household income in Albion is $39,885 and the income per person is $19,543. 25.2% of residents live below the poverty line (Michigan: 13.2%).
Housing in Albion: homes for sale and rent
- Housing units
- 2,967
- Owner-occupied
- 60%
- Renter-occupied
- 40%
- Vacant
- 20.3%Includes seasonal homes
- Median year built
- 1942
- Average household size
- 2.50
Albion demographics
- Population
- 7,560
- Median age
- 25.8
- Under 18
- 24.4%
- 65 and older
- 12.6%
- Households
- 2,365
- Foreign-born
- 2.7%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Albion ›
Education in Albion
17.5% of adults 25 and older in Albion have a bachelor's degree or higher (Michigan: 32.4%), and 6.8% have a graduate or professional degree.
Jobs and commute in Albion
- Unemployment rate
- 13.5%State: 5.7%
- Average commute
- 23 minState: 24 min
- Work from home
- 8.1%
- Drive alone
- 69.5%
- Public transit
- 0%
- Walk to work
- 10.9%
- Homes with broadband
- 86.5%
Albion vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albion | 7,560 | $39,885 | $99,900 | $775 |
| Homer | 1,610 | $54,737 | $136,200 | $825 |
| Concord | 1,118 | $60,625 | $176,800 | $794 |
| Springport | 871 | $46,417 | $99,200 | $926 |
| Parma | 624 | $71,250 | $158,500 | $1,065 |
| Spring Arbor | 2,275 | $63,631 | $225,000 | $910 |
| Marshall | 6,804 | $76,050 | $173,500 | $1,088 |
| Litchfield | 1,566 | $53,182 | $117,000 | $734 |
| Hanover | 375 | $62,656 | $145,800 | $978 |
More for people moving to Albion
Albion ZIP code ›Weather and climate ›Living in Albion: FAQ
What is the median household income in Albion, MI?
The median household income in Albion is $39,885, 45% lower than the Michigan median of $72,875 (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 $99,900, compared with $231,600 in Michigan.
How much is rent in Albion?
The median gross rent in Albion is $775 per month, about 34.1% of household income.
Is Albion, MI a good place to live?
Pluses: home values 57% lower than the state median; an average commute of 23 minutes. Minuses: median household income 45% lower than the Michigan median; unemployment of 13.5%; a poverty rate of 25.2%.
What is the median age in Albion?
The median age in Albion is 25.8 years (Michigan: 40.2).
How long is the commute in Albion?
The average commute to work in Albion is 23 minutes; 8.1% of workers work from home.
What is the unemployment rate in Albion?
The unemployment rate in Albion is 13.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albion?
17.5% 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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