Last updated: 2024 BLS data · Page refreshed:
Algoma has a population of 3,228 with a median age of 43.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,228 |
| Median Age | 43.9 |
| White | 88.9% |
| Black or African American | 0.9% |
| Asian | 1.0% |
| Hispanic or Latino | 5.0% |
| Other / Two or More Races | 4.2% |
The median household income in Algoma is $64,487, which is 20.0% below the national median of $80,610. The per capita income is $33,141. The poverty rate is 16.8%.
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In Algoma, 92.0% of residents age 25+ have a high school diploma or higher, and 20.5% hold a bachelor's degree or higher (8.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.0% |
| Bachelor's Degree or Higher | 20.5% |
| Graduate or Professional Degree | 8.6% |
The median home value in Algoma is $153,300, below the national median of $303,400. The median monthly rent is $809. The homeownership rate is 83.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $153,300 |
| Median Monthly Rent | $809 |
| Homeownership Rate | 83.7% |
| Vacancy Rate | 16.8% |
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