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Economy, jobs and prices in Albany, Georgia: official figures

The median household income in Albany was $47,240 a year in the 2020-2024 American Community Survey (in 2024 dollars), 25th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the Georgia median $77,353.

Median household income
$47,240
2020-2024
Unemployment rate (ACS)
11.2%
2020-2024
Mean travel time to work
19.7 min
2020-2024
Median gross rent (monthly)
$931
2020-2024
Median home value (owner-occupied)
$124,300
2020-2024
Homes occupied by their owners
37.7%
2020-2024
Households with a broadband subscription
80.5%
2020-2024

What is the per capita income in Albany?

Income per resident (per capita income) in Albany averaged $25,040 a year in 2020-2024, 18th lowest of 823 US cities of 50,000 or more (US: $44,673; Georgia: $40,924).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Albany?

Albany's Gini index of household income inequality was 0.469 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 250th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Albany, Georgia?

11.2% of the civilian labor force in Albany was unemployed on average over 2020-2024 (3,177 people), 13th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Georgia's 5.1%.

Source: U.S. Census Bureau · saved copy

What share of people in Albany are working?

54.9% of Albany's 52,181 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 23rd lowest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Albany have jobs?

25,304 residents of Albany held civilian jobs, 48.5% of those aged 16 and over (US: 59.7%), and 155 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Albany?

The largest industry group for working residents of Albany was education, health care and social assistance (29.1% of employed residents), followed by retail trade (12.1%) and manufacturing (10.5%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Albany work in manufacturing?

Manufacturing employed 10.5% of working residents of Albany, 289th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 9.0% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Albany, Georgia?

Commuters in Albany took 19.7 minutes on average to get to work in 2020-2024, 144th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 5.9% travelled an hour or more and 42.0% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Albany get to work?

9.2% of workers living in Albany worked from home in 2020-2024, 169th lowest of 823 US cities of 50,000 or more (US: 15.1%). 75.7% drove to work alone, 11.6% carpooled, 0.8% used public transport and 1.3% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Albany, Georgia?

The median gross rent (rent plus utilities) in Albany was $931 a month in 2020-2024, 24th lowest of 823 US cities of 50,000 or more (US: $1,413; Georgia: $1,393).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Albany?

Owner-occupied homes in Albany had a median value of $124,300 in 2020-2024 as estimated by their owners, 23rd lowest of 823 US cities of 50,000 or more (US: $332,700; Georgia: $303,300).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Albany?

The median home value in Albany was 2.6 times the median household income, 38th lowest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Albany, Georgia own their home?

37.7% of the 27,538 occupied homes in Albany were lived in by their owners in 2020-2024 and 17,153 were rented, 40th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Georgia: 65.7%).

Source: U.S. Census Bureau · saved copy

What share of homes in Albany have broadband?

80.5% of households in Albany had a broadband internet subscription of some type in 2020-2024, 3rd lowest of 823 US cities of 50,000 or more (US: 91.0%; Georgia: 91.0%).

Source: U.S. Census Bureau · saved copy

How many households in Albany have no internet?

16.4% of households in Albany (4,529) had no internet access at home in 2020-2024, 2nd highest of 823 US cities of 50,000 or more (US: 6.5%); 17.8% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Albany compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Albany ranks 799 of 823, highest first.

RankCityMedian household income (2024 dollars)
796Harrisburg$48,099
797Akron$48,076
798Syracuse$47,819
799Albany$47,240
800Rochester$47,213
801Springfield$47,143
802Fort Pierce$47,072
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Albany ranks 806 of 823, highest first.

RankCityPer capita income (2024 dollars)
803San Bernardino$25,328
804Muncie$25,281
805Laredo$25,161
806Albany$25,040
807Canton$24,690
808Detroit$24,594
809Compton$24,592
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Albany ranks 250 of 823, highest first.

RankCityGini index of household income inequality
247Oklahoma City0.469
248Danbury0.469
249Madison0.469
250Albany0.469
251Westminster0.469
252Novato0.469
253Lorain0.469
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Albany ranks 13 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
10Newark11.6%
11Harrisburg11.4%
12Merced11.3%
13Albany11.2%
14Victorville11.1%
15Gary11.0%
16Cleveland10.8%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Albany ranks 801 of 823, highest first.

RankCityLabor force participation rate (16 and over)
798Dearborn55.7%
799Scranton55.5%
800Lincoln55.3%
801Albany54.9%
802Kingsport54.7%
803Pueblo54.5%
804Bradenton54.5%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Albany ranks 680 of 823, highest first.

RankCityMean travel time to work (minutes)
677St. Cloud19.8
678Lawrence19.8
679Toledo19.8
680Albany19.7
681Overland Park19.7
682Kentwood19.7
683Huntsville19.7
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Albany ranks 655 of 823, highest first.

RankCityWorkers who worked from home
652Pomona9.3%
653Mobile9.3%
654Hesperia9.2%
655Albany9.2%
656Pawtucket9.2%
657West Haven9.2%
658Kansas City9.2%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Albany ranks 509 of 823, highest first.

RankCityWorkers commuting by public transportation
506Memphis0.8%
507Victorville0.8%
508Lakeland0.8%
509Albany0.8%
510Elk Grove0.8%
511Springfield0.8%
512Carrollton0.8%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Albany ranks 289 of 823, highest first.

RankCityEmployed residents working in manufacturing
286Port Arthur10.5%
287Cincinnati10.5%
288Draper10.5%
289Albany10.5%
290Nampa10.5%
291Roanoke10.4%
292Fort Worth10.4%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Albany ranks 84 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
81New Orleans29.1%
82Burlington29.1%
83La Crosse29.1%
84Albany29.1%
85Youngstown29.1%
86Somerville29.1%
87Muncie29.0%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Albany ranks 800 of 823, highest first.

RankCityMedian gross rent per month
797Kokomo$939
798Oshkosh$935
799Green Bay$932
800Albany$931
801Harlingen$928
802Anderson$925
803Brownsville$923
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Albany ranks 801 of 823, highest first.

RankCityMedian value of owner-occupied homes
798Kokomo$137,400
799Rockford$129,000
800Lansing$128,700
801Albany$124,300
802Harrisburg$124,200
803Akron$122,000
804Pharr$121,900
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Albany ranks 783 of 820, highest first.

RankCityMedian home value as a multiple of median household income
780Jackson2.7x
781Waterloo2.7x
782Waukegan2.7x
783Albany2.6x
784Peoria2.6x
785Bloomington2.6x
786Harlingen2.6x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Albany ranks 784 of 823, highest first.

RankCityOccupied homes lived in by their owners
781Rochester38.1%
782Trenton37.9%
783Gainesville37.7%
784Albany37.7%
785Troy37.4%
786Logan37.2%
787Everett37.2%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Albany ranks 821 of 823, highest first.

RankCityHouseholds with a broadband subscription
817Trenton82.0%
818Youngstown81.8%
819Valdosta80.8%
820Rocky Mount80.7%
821Albany80.5%
822Canton80.3%
823Ames74.2%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Albany ranks 2 of 823, highest first.

RankCityHouseholds with no internet access
1Rocky Mount17.6%
2Albany16.4%
3Youngstown15.0%
4Trenton14.9%
5Gary14.5%
6North Miami13.6%
7Lawrence12.7%
Source: U.S. Census Bureau · saved copy

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Sources

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