Albany is a small town in Illinois with slightly less than 1,000 residents. Young professionals will fit right in, as they account for an above-average 18% of the population, while middle-aged professionals are less well-represented. Renters tend to be in the minority in the area, and 79% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $753/month. Over the course of a year, renters in Albany will save around $3,600 compared to the state average.
With an average commute time of about 23 minutes, outperforming most cities in Illinois, Albany residents are well aware that it isn't overly time-consuming to get to work. Many residents (37%) drive to work, while public transit isn't used. Not many commuters walk to work.
Many Albany residents work in one of three industries: manufacturing, healthcare, and retail. Combined, these industries account for 19% of the town's labor force. Meanwhile, looking at job function, 8% of the town's population works in transportation, making it the top profession in the town. With an average annual income of just under $67K, Albany workers bring in less than the average Illinois resident. The town's average income also falls below the national average of $73,345. Compared to the national average (5%), Albany has a large concentration of residents over the age of 25 who have an Associate's degree (8%). Additionally, 11% have earned a Bachelor's, Master's, Professional, or Doctoral degree.
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