Albany is a small town of 2,854 in Indiana, with a median household income of $53,246
and a 3.8% unemployment rate.
Its cost of living index is 90 (US average = 100), which is
10% below the national average.
Strengths:
Albany stands out for an affordable cost of living, below-average home prices, solid school ratings (B-).
Trade-offs:
Potential downsides include longer commutes. Whether Albany is right for you depends on your priorities — the full breakdown is below.
All Albany city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 90.4
Albany's overall cost of living index is 90.4,
where 100 represents the US national average.
Living in Albany costs roughly 10% less than the average American city.
Metric
Albany, IN
National Avg
Median Home Value
$95,000
$244,900
Median Monthly Rent
$761
$1,163
Homeownership Rate
79.1%
65.9%
Median Household Income
$53,246
$74,755
Crime & Safety
Safer than Average
Albany's violent crime rate is 396.9 per 100,000 residents
— 4% higher than the national average of ~380 per 100,000.
Violent Crime
396.9 /100k
Property Crime
1542.9 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Albany is served primarily by Delaware Community School Corp.
The student-to-teacher ratio is 14.5:1
(better than the national average of ~16:1).
Metric
Albany, IN
National Avg
School District
Delaware Community School Corp
—
Elementary Schools
3
—
Middle Schools
1
—
High Schools
1
—
Student/Teacher Ratio
14.5:1
16:1
Bachelor's Degree or Higher
14.5%
35.4%
High School Diploma or Higher
89.3%
91.1%
Weather & Climate
Albany sees average highs of 34.6°F in January
and 84.4°F in July,
with 41.4 inches of annual precipitation
and 20.9 inches of snow per year.
Albany's cost of living index is 90, where 100 is the national average.
That makes Albany roughly 10% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $95,000 and median rent is $761/month.
Albany's violent crime rate is 396.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1542.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Albany are operated by Delaware Community School Corp.
The district has 3 elementary, 1 middle, and 1 high schools.
The student-to-teacher ratio is 14.5:1. 14.5% of adults 25+ hold a bachelor's degree or higher.
Albany, IN has a population of 2,854, a median household income of $53,246, and an unemployment rate of 3.8%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Albany averages 34.6°F in January and 84.4°F in July. Annual rainfall is 41.4 inches
with about 20.9 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Albany, IN is covered by 1 ZIP code: 47320.
The population of Albany, Indiana is 2,854 with a median age of 49.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Albany: cost of living index 90 (100 = US average), median home $95,000, median household income $53,246, crime index 92 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Albany side by side with your current city to see the trade-offs.
