Albion, NY Profile: Facts & Data

The primary coordinate point for Albion is located at latitude 43.2464 and longitude -78.1936 in Orleans County. The formal boundaries for the Village of Albion encompass a land area of 2.92 sq. miles and a water area of 0 sq. miles. Orleans County is in the Eastern time zone (GMT -5). The elevation is 535 feet.

The Village of Albion 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.

Albion, NY Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	5,445 (100%)
Population in Households	5,282 (97.0%)
Population in Families	3,909 (71.8%)
Population in Group Quarters¹	163 ( 3.0%)
Population Density	1,865
Diversity Index²	46


INCOME
Median Household Income	$50,136
Average Household Income	$72,909
% of Income for Mortgage⁴	11%
Per Capita Income	$31,241
Wealth Index⁵	55

HOUSING
Total HU (Housing Units)	2,647 (100%)
Owner Occupied HU	1,439 (54.4%)
Renter Occupied HU	890 (33.6%)
Vacant Housing Units	318 (12.0%)
Median Home Value	$99,785
Average Home Value	$290,647
Housing Affordability Index³	174

HOUSEHOLDS
Total Households	2,329
Average Household Size	2.27
Family Households	1,321
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.

Albion, NY - Peer Comparisons by Rank and Percentile

The table below compares Albion to the other 1,293 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-1.53%	-0.25%
Households	-0.34%	0.01%
Families		-0.08%
Median Household Income		2.46%
Per Capita Income		3.49%
Owner Occupied HU		0.04%

Variable Description	Rank	Percentile
Total Population	# 335	74th
Population Density	# 441	66th
Median Household Income	# 1168	10th
Housing Affordability Index	# 958	74th
Per Capita Income	# 1028	21st
Diversity Index	# 417	68th

Albion, NY Profile: Facts & Data

Albion, New York - Basic Facts

Albion, NY Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Albion, NY - Peer Comparisons by Rank and Percentile

Albion, NY - Most Popular Things to Do

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