Albany County NY Information

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Albany County Subdivisions

Albany County NY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 315,038 (100%)
Population in Households 298,315 (94.7%)
Population in Families 215,264 (68.3%)
Population in Group Quarters1 16,723 ( 5.3%)
Population Density 603
Diversity Index2 57
 
 

INCOME

Median Household Income $77,043
Average Household Income $107,505
% of Income for Mortgage4 22%
Per Capita Income $46,112
Wealth Index5 108
Socioeconomic Status Index6 Moderate (51.7)
 

HOUSING

Total HU (Housing Units) 148,676 (100%)
Owner Occupied HU 78,590 (52.9%)
Renter Occupied HU 55,980 (37.7%)
Vacant Housing Units 14,106 ( 9.5%)
Median Home Value $283,564
Average Home Value $334,970
Housing Affordability Index3 94
 

HOUSEHOLDS

Total Households 134,570
Average Household Size 2.22
Family Households 72,757
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 0.02% -0.02%
Households 0.41% 0.36%
Families   0.31%
Median Household Income   1.47%
Per Capita Income   2.79%
Owner Occupied HU   0.54%

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Albany County NY - Peer Comparisons by Rank and Percentile

The table below compares Albany County to the other 62 counties and county equivalents 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 # 14 79th
Population Density # 14 79th
Median Household Income # 14 79th
Housing Affordability Index # 17 27th
Per Capita Income # 11 84th
Diversity Index # 16 76th

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

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