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The total population of Albion is estimated to be 2,835 with 1,432 males (50.51%) and 1,403 females (49.49%). There are 29 less females than males in Albion.
The median household income in Albion was $58,662 in 2021, which marked an an increase of 270(0.46%) from $58,392 in 2020. This income is 78.63% 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, Albion sees its highest median household income among householders in the age group of 45 to 64 years old, at $63,697. Overall, the median household income for the town of Albion stands at $58,662.
In Albion, the median income for all workers aged 15 years and older, regardless of work hours, was $36,759 for males and $29,050 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,142 for males and $42,148 for females.
In Albion, there are just two different racial groups among households. Among these, White households report a median household income of $60,501, while Two or More Races households have a median household income of $52,853.
In 2022, the population of Albion was 2,216, a 0.49% decrease year-by-year from 2021. Previously, in 2021, Albion's population was 2,227, an increase of 0.50% compared to a population of 2,216 in 2020.
The median age in Albion, IN is 28.3, as per 2021 ACS 5-Year Estimates. Of the total population, 26.30% were under the age of 15, 26.19% aged 15 to 29, 37.14% aged 30 to 64, 8.15% aged 65 to 84, and 2.22% were 85 years of age and older.
Racial distribution of Albion population: 93.89% are White, 2.15% are Black or African American, 0.29% are some other race and 3.67% are multiracial.