Albion, IA Profile: Facts & Data

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Albion, Iowa - Basic Facts

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The City of Albion had a population of 461 as of July 1, 2021.

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 elevation is 958 feet.

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.

Alternate Unofficial Names for Albion: LaFayette.

Jump to... (On This Page!)
  1. Albion 2021 Demographic Data
  2. Growth Rates for Albion (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2021 Demographics
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Albion, IA Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 461 (100%)
Population in Households 461 (100.0%)
Population in Families 381 (82.6%)
Population in Group Quarters1 0
Population Density 775
Diversity Index2 12
 
 

INCOME

Median Household Income $56,300
Average Household Income $63,408
% of Income for Mortgage4 8%
Per Capita Income $26,565
Wealth Index5 54
 

HOUSING

Total HU (Housing Units) 207 (100%)
Owner Occupied HU 158 (76.3%)
Renter Occupied HU 32 (15.5%)
Vacant Housing Units 18 ( 8.7%)
Median Home Value $108,696
Average Home Value $130,063
Housing Affordability Index3 284
 

HOUSEHOLDS

Total Households 189
Average Household Size 2.44
Family Households 134
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population -0.81% -0.57%
Households -0.76% -0.53%
Families -0.82% -0.6%
Median Household Income   0.0%
Per Capita Income   1.24%
Owner Occupied HU   -0.51%

Albion, IA - Peer Comparisons by Rank and Percentile

The table below compares Albion to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2021 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 # 485 52nd
Population Density # 433 57th
Median Household Income # 615 39th
Housing Affordability Index # 783 78th
Per Capita Income # 835 17th
Diversity Index # 481 53rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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