Living in Albany, Oregon
Cost of living, income, home prices, rent and demographics of Albany · Census data 2020–2024
Albany has 56,839 residents with a median age of 37.7. The median household income is $78,114 (6% lower than the Oregon median), the median home value is $389,200, the median rent is $1,372/month.
Albany at a glance
- Population
- 56,839
- Median age
- 37.7State: 40.4
- Median household income
- $78,114State: $83,011
- Median home value
- $389,200State: $477,600
- Median rent
- $1,372/moState: $1,525
- Homeowners
- 58.9%
- Bachelor's degree or higher
- 29.4%
- Average commute
- 21 min
Is Albany a good place to live?
Pros: Home values 19% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 6% lower than the Oregon median; unemployment of 5.8%; a poverty rate of 13.5%.
The weather is best in June to September.
Cost of living in Albany
Housing is the biggest part of the cost of living. In Albany the median home value is $389,200, 17% higher than the U.S. median. Renters pay a median of $1,372 per month, which is 33.8% of household income. Homeowners with a mortgage pay $1,894 a month in housing costs.
Albany median household income
The median household income in Albany is $78,114 and the income per person is $37,281. 13.5% of residents live below the poverty line (Oregon: 11.9%).
Housing in Albany: homes for sale and rent
- Housing units
- 22,768
- Owner-occupied
- 58.9%
- Renter-occupied
- 41.1%
- Vacant
- 3.7%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.54
Albany demographics
- Population
- 56,839
- Median age
- 37.7
- Under 18
- 24.5%
- 65 and older
- 16.8%
- Households
- 21,933
- Foreign-born
- 6.1%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Albany ›
Education in Albany
29.4% of adults 25 and older in Albany have a bachelor's degree or higher (Oregon: 36.8%), and 9.9% have a graduate or professional degree.
Jobs and commute in Albany
- Unemployment rate
- 5.8%State: 5.4%
- Average commute
- 21 minState: 23 min
- Work from home
- 14.2%
- Drive alone
- 72.3%
- Public transit
- 0.5%
- Walk to work
- 2.4%
- Homes with broadband
- 92.3%
Albany vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albany | 56,839 | $78,114 | $389,200 | $1,372 |
| Millersburg | 3,366 | $124,867 | $567,200 | $1,489 |
| Tangent | 1,290 | $99,000 | $377,300 | $2,048 |
| Adair Village | 1,233 | $99,125 | $448,400 | $1,836 |
| Jefferson | 3,301 | $102,159 | $373,000 | $1,328 |
| Crabtree | 602 | $120,513 | $380,100 | — |
| Corvallis | 59,960 | $65,012 | $502,900 | $1,391 |
| Lebanon | 19,344 | $63,176 | $336,800 | $1,312 |
| Marion | 154 | $63,859 | — | — |
More for people moving to Albany
Albany ZIP code ›Weather and climate ›Living in Albany: FAQ
What is the median household income in Albany, OR?
The median household income in Albany is $78,114, 6% lower than the Oregon median of $83,011 (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 $389,200, compared with $477,600 in Oregon.
How much is rent in Albany?
The median gross rent in Albany is $1,372 per month, about 33.8% of household income.
Is Albany, OR a good place to live?
Pluses: home values 19% lower than the state median; an average commute of 21 minutes. Minuses: median household income 6% lower than the Oregon median; unemployment of 5.8%; a poverty rate of 13.5%.
What is the median age in Albany?
The median age in Albany is 37.7 years (Oregon: 40.4).
How long is the commute in Albany?
The average commute to work in Albany is 21 minutes; 14.2% of workers work from home.
What is the unemployment rate in Albany?
The unemployment rate in Albany is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albany?
29.4% 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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