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The total population of Albany is estimated to be 691 with 357 males (51.66%) and 334 females (48.34%). There are 23 less females than males in Albany.
The median household income in Albany was $69,400 in 2021, which marked an a decrease of 13,157(15.94%) from $82,557 in 2020. This income is 93.02% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Albany sees its highest median household income among householders in the age group of 25 to 44 years old, at $95,931. Overall, the median household income for the village of Albany stands at $69,400.
In Albany, the median income for all workers aged 15 years and older, regardless of work hours, was $47,290 for males and $30,401 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,665 for males and $38,732 for females.
In Albany, population is primarily represented by White households, reporting a median income of $69,154.
In 2022, the population of Albany was 848, a 0.93% decrease year-by-year from 2021. Previously, in 2021, Albany's population was 856, a decline of 0.35% compared to a population of 859 in 2020.
The median age in Albany, IL is 39.8, as per 2021 ACS 5-Year Estimates. Of the total population, 22.44% were under the age of 15, 16.73% aged 15 to 29, 36.84% aged 30 to 64, 21.27% aged 65 to 84, and 2.72% were 85 years of age and older.
Racial distribution of Albany population: 95.85% are White, 1.30% are Black or African American, 0.39% are some other race and 2.46% are multiracial.