Albany is a small town in Indiana with approximately 2,000 residents. It's a nice place to settle down, as retirees account for a greater percentage of the population (21%) here than they do nationally (14%), while young adults are less well-represented. Overall, the town's residents, with an average age of just under 43, are older than most cities in Indiana. Just 30% of residents rent in Albany, as home ownership is common in the area. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $580 per month. Over the course of a year, renters in Albany will save around $3,000 compared to the state average.
Many Albany residents work in one of three industries: manufacturing, healthcare, and retail. Combined, these industries make up 25% of the labor force in the town. Meanwhile, looking at job function, 9% of residents work in transportation, making it the top career path in the town. With an average annual income of nearly $59,000, Albany workers bring in around $3,000 less than their peers elsewhere in Indiana. The town's average income also trails the national average of $73,345. Compared to the national average (5%), Albany has a high number of residents over the age of 25 who have earned an Associate's degree (9%). Further, 13% have earned a Bachelor's, Master's, Professional, or Doctoral degree.
Albany residents have an average commute of about 24 minutes, shorter than nearly 70% of cities in Indiana. Driving a car or truck is the most common way to get to work, opted for by 41% of residents, while public transit is not used. Walking isn't a common means of commuting to work.
© 2019 RentPath, LLC. All rights reserved. All photos, videos, text and other content are the property of RentPath, LLC. APARTMENT GUIDE and the APARTMENT GUIDE Trade Dress are registered trademarks of RentPath, LLC or its affiliates.
Apple, the Apple logo, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.