Albion, IN Profile: Facts & Data

Albion, Indiana - Basic Facts

The Town of Albion had a population of 2,330 as of July 1, 2024.

The primary coordinate point for Albion is located at latitude 41.3956 and longitude -85.4244 in Noble County. The formal boundaries for the Town of Albion encompass a land area of 1.91 sq. miles and a water area of 0 sq. miles. Noble County is in the Eastern time zone (GMT -5).

The Town of Albion has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Albion is located within Township of Albion, a minor civil division (MCD) of Noble County.

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Albion, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,330 (100%)
Population in Households	2,168 (93.0%)
Population in Families	1,662 (71.3%)
Population in Group Quarters¹	162 ( 7.0%)
Population Density	1,221
Diversity Index²	25


INCOME
Median Household Income	$64,339
Average Household Income	$80,566
% of Income for Mortgage⁴	20%
Per Capita Income	$32,589
Wealth Index⁵	59
Socioeconomic Status Index⁶	Moderate (48.5)

HOUSING
Total HU (Housing Units)	1,009 (100%)
Owner Occupied HU	594 (58.9%)
Renter Occupied HU	346 (34.3%)
Vacant Housing Units	69 ( 6.8%)
Median Home Value	$203,182
Average Home Value	$302,567
Housing Affordability Index³	128

HOUSEHOLDS
Total Households	940
Average Household Size	2.31
Family Households	564
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,009 (100%)

Owner Occupied HU

594 (58.9%)

Renter Occupied HU

346 (34.3%)

Vacant Housing Units

69 ( 6.8%)

Median Home Value

$203,182

Average Home Value

$302,567

Housing Affordability Index³

128

HOUSEHOLDS

Total Households

940

Average Household Size

2.31

Family Households

564

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.12%	0.54%
Households	1.29%	0.86%
Families		0.84%
Median Household Income		3.37%
Per Capita Income		3.29%
Owner Occupied HU		1.44%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.12%

0.54%

Households

1.29%

0.86%

Families

0.84%

Median Household Income

3.37%

Per Capita Income

3.29%

Owner Occupied HU

1.44%

Albion, IN - Peer Comparisons by Rank and Percentile

The table below compares Albion to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 200	80th
Population Density	# 359	63rd
Median Household Income	# 599	39th
Housing Affordability Index	# 491	50th
Per Capita Income	# 610	38th
Diversity Index	# 250	74th

Variable Description

Rank

Percentile

Total Population

# 200

80th

Population Density

# 359

63rd

Median Household Income

# 599

39th

Housing Affordability Index

# 491

50th

Per Capita Income

# 610

38th

Diversity Index

# 250

74th

Indiana Census Data Comparison Tool

Albion, IN Profile: Facts & Data

Albion, Indiana - Basic Facts

Albion, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Albion, IN - Peer Comparisons by Rank and Percentile

Albion, IN - Most Popular Things to Do

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Noble County