Living in Albany, Missouri
Cost of living, income, home prices, rent and demographics of Albany · Census data 2020–2024
Albany has 1,909 residents with a median age of 39.1. The median household income is $44,926 (36% lower than the Missouri median), the median home value is $101,300, the median rent is $550/month.
Albany at a glance
- Population
- 1,909
- Median age
- 39.1State: 39
- Median household income
- $44,926State: $70,702
- Median home value
- $101,300State: $230,300
- Median rent
- $550/moState: $1,033
- Homeowners
- 66.3%
- Bachelor's degree or higher
- 21.1%
- Average commute
- 17 min
Is Albany a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 17 minutes; unemployment of 2.3%.
Cons: Median household income 36% lower than the Missouri median; a poverty rate of 19.4%.
The weather is best in May–June and September–October.
Cost of living in Albany
Housing is the biggest part of the cost of living. In Albany the median home value is $101,300, 70% lower than the U.S. median. Renters pay a median of $550 per month, which is 23.3% of household income. Homeowners with a mortgage pay $1,000 a month in housing costs.
Albany median household income
The median household income in Albany is $44,926 and the income per person is $24,856. 19.4% of residents live below the poverty line (Missouri: 12.6%).
Housing in Albany: homes for sale and rent
- Housing units
- 955
- Owner-occupied
- 66.3%
- Renter-occupied
- 33.7%
- Vacant
- 12.8%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.20
Albany demographics
- Population
- 1,909
- Median age
- 39.1
- Under 18
- 21.3%
- 65 and older
- 19.1%
- Households
- 833
- Foreign-born
- 1.3%
- Veterans
- 11.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Albany ›
Education in Albany
21.1% of adults 25 and older in Albany have a bachelor's degree or higher (Missouri: 32.4%), and 8.7% have a graduate or professional degree.
Jobs and commute in Albany
- Unemployment rate
- 2.3%State: 4%
- Average commute
- 17 minState: 24 min
- Work from home
- 6.6%
- Drive alone
- 80.1%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 90.4%
Albany vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albany | 1,909 | $44,926 | $101,300 | $550 |
| New Hampton | 213 | $24,615 | $63,600 | $865 |
| Stanberry | 1,235 | $62,639 | $98,000 | $852 |
| Bethany | 3,080 | $48,375 | $121,700 | $700 |
| Grant City | 959 | $45,192 | $68,200 | $480 |
| King City | 830 | $51,042 | $121,300 | $800 |
| Pattonsburg | 225 | $44,000 | $92,500 | $638 |
| Conception | 202 | $50,417 | $114,100 | — |
| Conception Junction | 217 | $47,500 | $86,700 | $442 |
More for people moving to Albany
Albany ZIP code ›Weather and climate ›Living in Albany: FAQ
What is the median household income in Albany, MO?
The median household income in Albany is $44,926, 36% lower than the Missouri median of $70,702 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Albany?
The median home value in Albany is $101,300, compared with $230,300 in Missouri.
How much is rent in Albany?
The median gross rent in Albany is $550 per month, about 23.3% of household income.
Is Albany, MO a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 17 minutes; unemployment of 2.3%. Minuses: median household income 36% lower than the Missouri median; a poverty rate of 19.4%.
What is the median age in Albany?
The median age in Albany is 39.1 years (Missouri: 39).
How long is the commute in Albany?
The average commute to work in Albany is 17 minutes; 6.6% of workers work from home.
What is the unemployment rate in Albany?
The unemployment rate in Albany is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albany?
21.1% of adults in Albany 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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