Albany town, Indiana Demographics & Population 2026

Population Overview

Albany town is a small community located in Indiana, within Floyd County. The total population is 2,984. It ranks as the 179th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Albany town is 50.5 years. This is 33% higher than the state median of 38.0 years. 12.1% 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 town is $56,356. This is 20% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 28% lower. The poverty rate stands at 7.7%. This is 37% lower than the state poverty rate of 12.2%. The unemployment rate is 3.5%. This is 17% lower than the state rate of 4.3%. The median home value is $103,600. Housing costs are 49% lower than the state median of $201,600. With a home-value-to-income ratio of just 1.8x, Albany town is one of the most affordable housing markets in the area. 81.9% of occupied housing units are owner-occupied. This homeownership rate is 16% higher than the state average of 70.3%.

Race & Ethnicity

Albany town has a predominantly White (non-Hispanic) population, comprising 95.6% of all residents. Hispanic or Latino residents account for 2.4%. The Black or African American population (0.2%) is well below the state average of 9.1%. The Hispanic or Latino population (2.4%) is well below the state average of 8.4%. The Asian population (0.6%) is well below the state average of 2.5%.

Education

12.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 58% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.8%.

Data Sources & Methodology

All demographic data for Albany town, Indiana 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 Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.