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Albion, Iowa

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
622
Population
$91,250
Median Income
$135,200
Home Value
40.7
Median Age

Demographics

Albion has a population of 622 with a median age of 40.7. Here is the racial and ethnic breakdown of the population:

White
57.1%
Asian
34.1%
Other
4.2%
Hispanic
4.0%
Black
0.6%
Demographic Value
Total Population622
Median Age40.7
White57.1%
Black or African American0.6%
Asian34.1%
Hispanic or Latino4.0%
Other / Two or More Races4.2%
Albion, Iowa — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 57.1%Asian: 34.1%Other: 4.2%Hispanic/Latino: 4.0%Other: 0.6%622PopulationWhiteWhite57.1%AsianAsian34.1%OtherOther4.2%Hispanic/LatinoHispanic/Latino4.0%OtherOther0.6%

Income & Economy

The median household income in Albion is $91,250, which is 13.2% above the national median of $80,610. The per capita income is $35,377. The poverty rate is 10.7%.

$91,250
Median Household Income
$35,377
Per Capita Income
10.7%
Poverty Rate

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Education

In Albion, 94.9% of residents age 25+ have a high school diploma or higher, and 9.2% hold a bachelor's degree or higher (1.2% with a graduate or professional degree).

HS Diploma+
94.9%
Bachelor's+
9.2%
Graduate+
1.2%
Education Level % of Adults (25+)
High School Diploma or Higher94.9%
Bachelor's Degree or Higher9.2%
Graduate or Professional Degree1.2%

Housing

The median home value in Albion is $135,200, below the national median of $303,400. The median monthly rent is $781. The homeownership rate is 89.7%.

$135,200
Median Home Value
$781/mo
Median Rent
89.7%
Homeownership Rate
Housing Metric Value
Median Home Value$135,200
Median Monthly Rent$781
Homeownership Rate89.7%
Vacancy Rate16.3%

Salaries in Iowa

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Frequently Asked Questions

What is the population of Albion, Iowa?
The population of Albion, Iowa is 622 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Albion, Iowa?
The median household income in Albion, Iowa is $91,250. This is 13.2% above the national median of $80,610.
What is the median home value in Albion, Iowa?
The median home value in Albion, Iowa is $135,200. The median monthly rent is $781.
What percentage of people in Albion have a college degree?
In Albion, Iowa, 9.2% of adults age 25 and older hold a bachelor's degree or higher, and 94.9% have a high school diploma or higher.
Is Albion, Iowa an affordable place to live?
The home price-to-income ratio in Albion, Iowa is 1.5x (median home value $135,200 vs. median income $91,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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