Living in Albany, Pennsylvania
Cost of living, income, home prices, rent and demographics of Albany · Census data 2020–2024
Albany has 983 residents with a median age of 52.1. The median household income is $68,264 (12% lower than the Pennsylvania median), the median home value is $205,300, the median rent is $1,098/month.
Albany is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Albany at a glance
- Population
- 983
- Median age
- 52.1State: 40.9
- Median household income
- $68,264State: $77,971
- Median home value
- $205,300State: $254,500
- Median rent
- $1,098/moState: $1,209
- Homeowners
- 85%
- Bachelor's degree or higher
- 9.9%
- Average commute
- 28 min
Is Albany a good place to live?
Pros: Home values 19% lower than the state median; unemployment of 2%.
Cons: Median household income 12% lower than the Pennsylvania median; an average commute of 28 minutes; 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 $205,300, 38% lower than the U.S. median. Renters pay a median of $1,098 per month, which is 17.5% of household income. Homeowners with a mortgage pay $1,134 a month in housing costs.
Albany median household income
The median household income in Albany is $68,264 and the income per person is $32,035. 13.5% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Albany: homes for sale and rent
- Housing units
- 539
- Owner-occupied
- 85%
- Renter-occupied
- 15%
- Vacant
- 29.3%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.58
Albany demographics
- Population
- 983
- Median age
- 52.1
- Under 18
- 15%
- 65 and older
- 26.4%
- Households
- 381
- Foreign-born
- 0.4%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Albany ›
Education in Albany
9.9% of adults 25 and older in Albany have a bachelor's degree or higher (Pennsylvania: 35.2%), and 1% have a graduate or professional degree.
Jobs and commute in Albany
- Unemployment rate
- 2%State: 5.3%
- Average commute
- 28 minState: 26 min
- Work from home
- 5.1%
- Drive alone
- 91.6%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 75.3%
Albany vs nearby towns
More for people moving to Albany
Albany ZIP code ›Weather and climate ›Living in Albany: FAQ
What is the median household income in Albany, PA?
The median household income in Albany is $68,264, 12% lower than the Pennsylvania median of $77,971 (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 $205,300, compared with $254,500 in Pennsylvania.
How much is rent in Albany?
The median gross rent in Albany is $1,098 per month, about 17.5% of household income.
Is Albany, PA a good place to live?
Pluses: home values 19% lower than the state median; unemployment of 2%. Minuses: median household income 12% lower than the Pennsylvania median; an average commute of 28 minutes; a poverty rate of 13.5%.
What is the median age in Albany?
The median age in Albany is 52.1 years (Pennsylvania: 40.9).
How long is the commute in Albany?
The average commute to work in Albany is 28 minutes; 5.1% of workers work from home.
What is the unemployment rate in Albany?
The unemployment rate in Albany is 2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albany?
9.9% 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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