Albany, IN Profile: Facts & Data

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Albany, Indiana - Basic Facts

The Town of Albany had a population of 2,054 as of July 1, 2019. Albany ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Albany is located at latitude 40.3009 and longitude -85.2419 in Delaware County. The formal boundaries for the Town of Albany encompass a land area of 1.75 sq. miles and a water area of 0.01 sq. miles. Delaware County is in the Eastern time zone (GMT -5). The elevation is 938 feet.

While the primary coordinates for Town of Albany are located in Delaware County, it should be noted that the formal boundaries for this community also extend into and Randolph County.

The Town of Albany (GNIS ID: 2397422) 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 Albany is located within Township of Delaware, a minor civil division (MCD) of Delaware County.


Jump to... (On This Page!)
  1. Albany 2019 Demographic Data
  2. Growth Rates for Albany (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Albany, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Albany, IN Housing Affordability Index is 308
State of Indiana Housing Affordability Index is 180
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.

WEALTH INDEX

Albany, IN Wealth Index is 94
State of Indiana Wealth Index is 81
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,054 (100%)
Population in Households 2,039 (99.3%)
Population in Families 1,673 (81.5%)
Population in Group Quarters1 15 ( 0.7%)
Population Density 1,031
Diversity Index2 7
 

INCOME

Median Household Income $54,399
Average Household Income $77,752
Per Capita Income $32,801
Wealth Index4 94

HOUSING

Total Housing Units 1,071 (100%)
Owner Occupied HU 645 (60.2%)
Renter Occupied HU 235 (21.9%)
Vacant Housing Units 191 (17.8%)
Median Home Value $91,479
Housing Affordability Index3 308
 

HOUSEHOLDS

Total Households 880
Average Household Size 2.32
Family Households 593
Average Family Size 3
NOTES
  1. 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.
  2. 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 race 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.
  3. 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.
  4. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.57% -0.32%
Households -0.53% -0.34%
Families -0.16% -0.44%
Median Household Income   3.17%
Per Capita Income   4.1%

Albany, IN - Peer Comparisons by Rank and Percentile

The table below compares Albany to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 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 # 220 68th
Population Density # 434 36th
Diversity Index # 537 22nd
Median Household Income # 320 53rd
Per Capita Income # 102 85th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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