Albany village, Illinois Demographics & Population 2026

Population Overview

Albany village is a small community located in Illinois. The total population is 783. It ranks as the 772nd most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Albany village is 37.9 years. This is 3% lower than the state median of 38.9 years. With 29.4% of the population under 18, Albany village has a notably young demographic profile, suggesting a family-oriented community. 10.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Albany village is $68,750. This is 16% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 12% lower. The poverty rate stands at 3.5%. This is 70% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 5.8%. The median home value is $147,800. Housing costs are 41% lower than the state median of $250,500. With a home-value-to-income ratio of just 2.1x, Albany village is one of the most affordable housing markets in the area. 90.9% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 66.8%.

Race & Ethnicity

Albany village has a predominantly White (non-Hispanic) population, comprising 90.9% of all residents. Hispanic or Latino residents account for 4.1%. The White (non-Hispanic) population is significantly higher than the state average (90.9% vs 58.8%). The Black or African American population (1.9%) is well below the state average of 13.6%. The Hispanic or Latino population (4.1%) is well below the state average of 18.5%.

Education

13.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 63% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.6%.

Data Sources & Methodology

All demographic data for Albany village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.