Living in Albany, Texas
Cost of living, income, home prices, rent and demographics of Albany · Census data 2020–2024
Albany has 1,849 residents with a median age of 42.3. The median household income is $68,000 (13% lower than the Texas median), the median home value is $173,600, the median rent is $726/month.
Albany at a glance
- Population
- 1,849
- Median age
- 42.3State: 35.6
- Median household income
- $68,000State: $78,476
- Median home value
- $173,600State: $283,800
- Median rent
- $726/moState: $1,403
- Homeowners
- 76.4%
- Bachelor's degree or higher
- 35.3%
- Average commute
- 22 min
Is Albany a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 22 minutes; a poverty rate of 10.5%.
Cons: Median household income 13% lower than the Texas median; unemployment of 10.9%.
The weather is best in March–April and October–November.
Cost of living in Albany
Housing is the biggest part of the cost of living. In Albany the median home value is $173,600, 48% lower than the U.S. median. Renters pay a median of $726 per month, which is 27.3% of household income. Homeowners with a mortgage pay $1,796 a month in housing costs.
Albany median household income
The median household income in Albany is $68,000 and the income per person is $34,188. 10.5% of residents live below the poverty line (Texas: 13.8%).
Housing in Albany: homes for sale and rent
- Housing units
- 839
- Owner-occupied
- 76.4%
- Renter-occupied
- 23.6%
- Vacant
- 14.2%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.55
Albany demographics
- Population
- 1,849
- Median age
- 42.3
- Under 18
- 19.1%
- 65 and older
- 21.3%
- Households
- 720
- Foreign-born
- 0.1%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Albany ›
Education in Albany
35.3% of adults 25 and older in Albany have a bachelor's degree or higher (Texas: 33.8%), and 11.3% have a graduate or professional degree.
Jobs and commute in Albany
- Unemployment rate
- 10.9%State: 5.3%
- Average commute
- 22 minState: 27 min
- Work from home
- 9.7%
- Drive alone
- 80.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.5%
Albany vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albany | 1,849 | $68,000 | $173,600 | $726 |
| Moran | 259 | $63,846 | $44,300 | $583 |
| Breckenridge | 5,170 | $48,000 | $75,900 | $839 |
| Baird | 1,642 | $50,772 | $76,800 | $622 |
| Woodson | 504 | $68,167 | $100,000 | $842 |
| Clyde | 3,954 | $68,184 | $151,200 | $1,017 |
| Stamford | 2,917 | $46,940 | $64,700 | $896 |
| Cisco | 3,955 | $58,550 | $104,300 | $941 |
| Hawley | 572 | $78,393 | $120,300 | $850 |
More for people moving to Albany
Albany ZIP code ›Weather and climate ›Living in Albany: FAQ
What is the median household income in Albany, TX?
The median household income in Albany is $68,000, 13% lower than the Texas median of $78,476 (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 $173,600, compared with $283,800 in Texas.
How much is rent in Albany?
The median gross rent in Albany is $726 per month, about 27.3% of household income.
Is Albany, TX a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 22 minutes; a poverty rate of 10.5%. Minuses: median household income 13% lower than the Texas median; unemployment of 10.9%.
What is the median age in Albany?
The median age in Albany is 42.3 years (Texas: 35.6).
How long is the commute in Albany?
The average commute to work in Albany is 22 minutes; 9.7% of workers work from home.
What is the unemployment rate in Albany?
The unemployment rate in Albany is 10.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albany?
35.3% 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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