Living in Albemarle, North Carolina
Cost of living, income, home prices, rent and demographics of Albemarle · Census data 2020–2024
Albemarle has 16,762 residents with a median age of 39.5. The median household income is $46,881 (35% lower than the North Carolina median), the median home value is $204,800, the median rent is $880/month.
Albemarle at a glance
- Population
- 16,762
- Median age
- 39.5State: 39.1
- Median household income
- $46,881State: $72,388
- Median home value
- $204,800State: $288,900
- Median rent
- $880/moState: $1,228
- Homeowners
- 56.3%
- Bachelor's degree or higher
- 20.4%
- Average commute
- 24 min
Is Albemarle a good place to live?
Pros: Home values 29% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 35% lower than the North Carolina median; unemployment of 5.6%; a poverty rate of 24.9%.
The weather is best in April–May and September–October.
Cost of living in Albemarle
Housing is the biggest part of the cost of living. In Albemarle the median home value is $204,800, 38% lower than the U.S. median. Renters pay a median of $880 per month, which is 33.4% of household income. Homeowners with a mortgage pay $1,244 a month in housing costs.
Albemarle median household income
The median household income in Albemarle is $46,881 and the income per person is $28,131. 24.9% of residents live below the poverty line (North Carolina: 13%).
Housing in Albemarle: homes for sale and rent
- Housing units
- 7,920
- Owner-occupied
- 56.3%
- Renter-occupied
- 43.7%
- Vacant
- 14.5%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.38
Albemarle demographics
- Population
- 16,762
- Median age
- 39.5
- Under 18
- 21.9%
- 65 and older
- 20.4%
- Households
- 6,769
- Foreign-born
- 5%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Albemarle ›
Education in Albemarle
20.4% of adults 25 and older in Albemarle have a bachelor's degree or higher (North Carolina: 35.7%), and 5% have a graduate or professional degree.
Jobs and commute in Albemarle
- Unemployment rate
- 5.6%State: 4.7%
- Average commute
- 24 minState: 25 min
- Work from home
- 8.2%
- Drive alone
- 77.7%
- Public transit
- 0.5%
- Walk to work
- 0.5%
- Homes with broadband
- 84%
Albemarle vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albemarle | 16,762 | $46,881 | $204,800 | $880 |
| Badin | 2,184 | $53,145 | $160,200 | $975 |
| New London | 608 | $61,875 | $296,200 | $1,234 |
| Millingport | 522 | $84,464 | $209,900 | — |
| Richfield | 937 | $70,750 | $219,900 | $1,060 |
| Aquadale | 156 | $69,063 | $156,300 | — |
| Norwood | 2,433 | $51,639 | $185,200 | $919 |
| Misenheimer | 659 | $60,417 | $225,000 | $806 |
| Red Cross | 903 | $64,500 | $257,000 | $711 |
More for people moving to Albemarle
Albemarle ZIP code ›Weather and climate ›Living in Albemarle: FAQ
What is the median household income in Albemarle, NC?
The median household income in Albemarle is $46,881, 35% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Albemarle?
The median home value in Albemarle is $204,800, compared with $288,900 in North Carolina.
How much is rent in Albemarle?
The median gross rent in Albemarle is $880 per month, about 33.4% of household income.
Is Albemarle, NC a good place to live?
Pluses: home values 29% lower than the state median; an average commute of 24 minutes. Minuses: median household income 35% lower than the North Carolina median; unemployment of 5.6%; a poverty rate of 24.9%.
What is the median age in Albemarle?
The median age in Albemarle is 39.5 years (North Carolina: 39.1).
How long is the commute in Albemarle?
The average commute to work in Albemarle is 24 minutes; 8.2% of workers work from home.
What is the unemployment rate in Albemarle?
The unemployment rate in Albemarle is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albemarle?
20.4% of adults in Albemarle 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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