Albany has a population of 56,348 with a median age of 36.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 56,348 |
| Median Age | 36.5 |
| White | 82.7% |
| Black or African American | 0.5% |
| Asian | 1.6% |
| Hispanic or Latino | 14.1% |
| Other / Two or More Races | 1.1% |
The median household income in Albany is $69,777, which is 7.1% below the national median of $75,149. The per capita income is $31,872. The poverty rate is 11.9%.
The unemployment rate in Albany is 6.7%, compared to the national rate of 5.4%.
In Albany, 92.7% of residents age 25+ have a high school diploma or higher, and 28.4% hold a bachelor's degree or higher (9.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.7% |
| Bachelor's Degree or Higher | 28.4% |
| Graduate or Professional Degree | 9.5% |
The median home value in Albany is $321,600, above the national median of $281,900. The median monthly rent is $1,194. The homeownership rate is 60.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $321,600 |
| Median Monthly Rent | $1,194 |
| Homeownership Rate | 60.2% |
| Vacancy Rate | 3.9% |
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