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The total population of Albany is estimated to be 56,348 with 27,978 males (49.65%) and 28,370 females (50.35%). There are 392 more females than males in Albany.
The median household income in Albany was $70,894 in 2021, which marked an an increase of 444(0.63%) from $70,450 in 2020. This income is 95.02% 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 45 to 64 years old, at $83,537. Overall, the median household income for the city of Albany stands at $70,894.
In Albany, the median income for all workers aged 15 years and older, regardless of work hours, was $47,944 for males and $28,270 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,533 for males and $50,849 for females.
In Albany, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, Asian households have the highest median household income at $145,957, while Some Other Race households represent the opposite end with the lowest median household income of $60,058.
In 2022, the population of Albany was 56,891, a 0.07% decrease year-by-year from 2021. Previously, in 2021, Albany's population was 56,932, an increase of 0.46% compared to a population of 56,670 in 2020.
The median age in Albany, OR is 35.9, as per 2021 ACS 5-Year Estimates. Of the total population, 21.08% were under the age of 15, 20.26% aged 15 to 29, 43.84% aged 30 to 64, 12.80% aged 65 to 84, and 2.01% were 85 years of age and older.
Racial distribution of Albany population: 85.02% are White, 0.40% are Black or African American, 1.11% are American Indian and Alaska Native, 2.03% are Asian, 0.03% are Native Hawaiian and other Pacific Islander, 3.60% are some other race and 7.80% are multiracial.