Altamont, NY Profile: Facts & Data

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Altamont, New York - Basic Facts

The Village of Altamont had a population of 1,678 as of July 1, 2023.

The primary coordinate point for Altamont is located at latitude 42.7006 and longitude -74.0337 in Albany County. The formal boundaries for the Village of Altamont encompass a land area of 1.19 sq. miles and a water area of 0 sq. miles. Albany County is in the Eastern time zone (GMT -5).

The Village of Altamont has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Altamont is located within Town of Guilderland, a minor civil division (MCD) of Albany County.


Jump to... (On This Page!)
  1. Altamont 2023 Demographic Data
  2. Growth Rates for Altamont (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2023 Demographics
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Altamont, NY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,678 (100%)
Population in Households 1,650 (98.3%)
Population in Families 1,375 (81.9%)
Population in Group Quarters1 28 ( 1.7%)
Population Density 1,325
Diversity Index2 23
 
 

INCOME

Median Household Income $89,830
Average Household Income $118,223
% of Income for Mortgage4 20%
Per Capita Income $49,984
Wealth Index5 114
Socioeconomic Status Index6 Moderate (62.2)
 

HOUSING

Total HU (Housing Units) 743 (100%)
Owner Occupied HU 520 (70.0%)
Renter Occupied HU 189 (25.4%)
Vacant Housing Units 34 ( 4.6%)
Median Home Value $293,651
Average Home Value $326,635
Housing Affordability Index3 107
 

HOUSEHOLDS

Total Households 709
Average Household Size 2.33
Family Households 484
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.06% 0.01%
Households 0.48% 0.42%
Families   0.41%
Median Household Income   2.29%
Per Capita Income   3.16%
Owner Occupied HU   0.76%

Altamont, NY - Peer Comparisons by Rank and Percentile

The table below compares Altamont to the other 1,293 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 685 47th
Population Density # 605 53rd
Median Household Income # 465 64th
Housing Affordability Index # 732 57th
Per Capita Income # 432 67th
Diversity Index # 888 31st

Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.

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