Albion, IA Profile: Facts & Data

Albion, Iowa - Basic Facts

The City of Albion had a population of 477 as of July 1, 2024.

The primary coordinate point for Albion is located at latitude 42.1125 and longitude -92.9885 in Marshall County. The formal boundaries for the City of Albion encompass a land area of 0.6 sq. miles and a water area of 0 sq. miles. Marshall County is in the Central time zone (GMT -6).

The City 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.

The City of Albion is located within Township of Taylor, a minor civil division (MCD) of Marshall County.

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Albion, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	477 (100%)
Population in Households	477 (100.0%)
Population in Families	388 (81.3%)
Population in Group Quarters¹	0
Population Density	791
Diversity Index²	19


INCOME
Median Household Income	$63,065
Average Household Income	$68,342
% of Income for Mortgage⁴	15%
Per Capita Income	$28,225
Wealth Index⁵	45
Socioeconomic Status Index⁶	Moderate (61.4)

HOUSING
Total HU (Housing Units)	208 (100%)
Owner Occupied HU	168 (80.8%)
Renter Occupied HU	29 (13.9%)
Vacant Housing Units	11 ( 5.3%)
Median Home Value	$146,078
Average Home Value	$159,226
Housing Affordability Index³	158

HOUSEHOLDS
Total Households	197
Average Household Size	2.42
Family Households	127
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

208 (100%)

Owner Occupied HU

168 (80.8%)

Renter Occupied HU

29 (13.9%)

Vacant Housing Units

11 ( 5.3%)

Median Home Value

$146,078

Average Home Value

$159,226

Housing Affordability Index³

158

HOUSEHOLDS

Total Households

197

Average Household Size

2.42

Family Households

127

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.
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	1.49%	-0.13%
Households	-0.59%	-0.20%
Families		-1.13%
Median Household Income		3.56%
Per Capita Income		2.34%
Owner Occupied HU		-1.35%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.49%

-0.13%

Households

-0.59%

-0.20%

Families

-1.13%

Median Household Income

3.56%

Per Capita Income

2.34%

Owner Occupied HU

-1.35%

Albion, IA - Peer Comparisons by Rank and Percentile

The table below compares Albion to the other 1,026 incorporated cities, towns and CDPs in Iowa 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	# 453	56th
Population Density	# 391	62nd
Median Household Income	# 757	26th
Housing Affordability Index	# 708	69th
Per Capita Income	# 987	4th
Diversity Index	# 388	62nd

Variable Description

Rank

Percentile

Total Population

# 453

56th

Population Density

# 391

62nd

Median Household Income

# 757

26th

Housing Affordability Index

# 708

69th

Per Capita Income

# 987

4th

Diversity Index

# 388

62nd

Iowa Census Data Comparison Tool

Albion, IA Profile: Facts & Data

Albion, Iowa - Basic Facts

Albion, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Albion, IA - Peer Comparisons by Rank and Percentile

Albion, IA - Most Popular Things to Do

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Marshall County