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Alfred, NY Profile: Facts & Data

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Alfred, New York - Basic Facts

The Village of Alfred had a population of 4,487 as of July 1, 2024. Alfred ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Alfred is located at latitude 42.2542 and longitude -77.7906 in Allegany County. The formal boundaries for the Village of Alfred encompass a land area of 1.19 sq. miles and a water area of 0 sq. miles. Allegany County is in the Eastern time zone (GMT -5).

The Village of Alfred 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 Alfred is located within Town of Alfred, a minor civil division (MCD) of Allegany County.


Jump to... (On This Page!)
  1. Alfred 2024 Demographic Data
  2. Growth Rates for Alfred (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 - 2024 Demographics
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Alfred, NY Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 4,487 (100%)
Population in Households 868 (19.3%)
Population in Families 557 (12.4%)
Population in Group Quarters1 3,619 (80.7%)
Population Density 3,771
Diversity Index2 51
 
 

INCOME

Median Household Income $59,197
Average Household Income $80,211
% of Income for Mortgage4 17%
Per Capita Income $9,546
Wealth Index5 55
Socioeconomic Status Index6 Moderate (49.5)
 

HOUSING

Total HU (Housing Units) 604 (100%)
Owner Occupied HU 257 (42.5%)
Renter Occupied HU 174 (28.8%)
Vacant Housing Units 173 (28.6%)
Median Home Value $159,375
Average Home Value $198,346
Housing Affordability Index3 119
 

HOUSEHOLDS

Total Households 431
Average Household Size 2.01
Family Households 233
Average Family Size 2.00
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

 2020-2024 2024-2029
Population 2.58% -0.11%
Households -0.64% -0.14%
Families   -2.06%
Median Household Income   0.06%
Per Capita Income   1.41%
Owner Occupied HU   -0.08%

Alfred, NY - Peer Comparisons by Rank and Percentile

The table below compares Alfred to the other 1,292 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2024 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 # 388 70th
Population Density # 209 84th
Median Household Income # 1040 20th
Housing Affordability Index # 894 69th
Per Capita Income # 1279 1st
Diversity Index # 379 71st

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

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