AlbanyNew York

Albany Population Demographics

According to US population projections for 2022, the estimated population of Albany is 98,624. 20.60% is under 18, while 15.02% is over 65.

A closer look at the age demography reveals that 3.52% of the population was five years old or younger, 20.60% were 18 years or younger and 25.26% were aged 65 years and over. The gender split in the state was nearly even, with 51.81% female and 48.19% male.

Albany Housing

According to the US Census, Albany has 50,720 housing units. The average owner-occupied housing unit rate in Albany was 87.30%. At the same time, the city's median value of owner-occupied homes was $206,800

Albany Racial Demographics

In 2020, the US Census estimated that White Alone and Black Or African American Alone constitute 78.02% of Albany's population. Residents of the city who were Asian Alone, made up 8.06% of the total population.

Other racial groups include Some Other Race Alone, constituting 5.45% of the city's population and White Black Or African American at 2.02%

How Educated is Albany

According to Census estimates, in 2021, 20.5% of Albany residents had a bachelor's degree, while 21.4% had a graduate or professional degree.

Overall, 41.90% of residents have a bachelor's degree or higher.

Average Income in Albany

The median household income in Albany is $49,763. This figure is significantly (approximately 0.00%) less than the state average of $49,763.

Estimates by family type revealed that families earned an average of $73,440 per year, while married-couple families earned an average of $117,139.

A closer examination of the income groups of Albany households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $35,000 and $49,999 (13.9%) and those with incomes exceeding $200,000 (4.8%). 8.1% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family