Albany, Oregon Income Statistics
Albany Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Albany Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Albany | Oregon Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,186 | $83,617 | $80,455 |
| Median Personal Income | $56,159 | $63,212 | $60,758 |
| Average Yearly Income Growth | 6.3% | 5.7% | 4.8% |
| Six-Figure Earners | 8.3% | 14.2% | 13.9% |
| $200k+ Households | 5.9% | 12.7% | 13.2% |
The median household income in Albany is about 12% lower than in Oregon. Income has been growing faster in Albany (6.3%/yr) than in Oregon (5.7%/yr).
About 8% of adults in Albany earn six figures ($100,000 or more) a year, lower than the Oregon average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Albany, Oregon grew by 71.8% from 2009 to 2024, reaching $73,186 in 2024. That's an average of about 6.3% per year.
Income Inequality and the Gender Pay Gap in Albany
| Metric | Albany | Oregon Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.538 | 0.552 |
| Male Median Income | $65,373 | $71,900 | $69,667 |
| Female Median Income | $56,088 | $60,417 | $56,850 |
| Gender Pay Gap | 14.2% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Albany, it is 0.536, about the same as Oregon's 0.538, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 17% more than women's income in Albany, Oregon. Over a 35-year career, a 17% wage gap accumulates to roughly $324,975 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Albany, Oregon has narrowed from about 23% to 14% in 2024. Over that period the gap was widest at 25% in 2014, and was narrowest at 12% in 2023. In dollar terms, the gap has narrowed by $266 since 2009.
Employment
| Metric | Albany | Oregon Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.7% | 5.3% | 5.2% |
| Working from Home | 12.8% | 19.0% | 15.0% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 1,429 people are unemployed in Albany, Oregon.
The average commute time in Albany is 17 minutes, shorter than the 20 minutes in Oregon.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Albany, Oregon has fallen from 10.0% to 6.7% in 2024. Over that period the rate peaked at 13.3% in 2014 and fell as low as 6.4% in 2019.
Conclusion
Considering all these factors, Albany, Oregon has an overall wealth index grade of C, making it about on par with Oregon, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Albany, Oregon.
How Wealthy Is Albany, Oregon?
Albany has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $73,186, about 12% lower than the Oregon average of $83,617.
How has median household income changed in Albany, Oregon?
Between 2009 and 2024, the median household income in Albany, Oregon rose 72%, from $42,607 to $73,186. Over the same years, income here outpaced Oregon as a whole: +72% against +71%.
What was the median household income in Albany in 2023?
In 2023, the median household income in Albany, Oregon was $69,782, up 7% from $65,451 in 2022. The Oregon median that year was $80,917.
What was the median household income in Albany in 2020?
In 2020, the median household income in Albany, Oregon was $59,523. By 2024 it had risen 23% to $73,186.
What is the Gini coefficient in Albany, Oregon?
The Gini coefficient in Albany is 0.536. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Albany, Oregon?
Since 2009, the income gap between men and women in Albany, Oregon has narrowed from about 23% to 14% in 2024. Over that period the gap was widest at 25% in 2014, and was narrowest at 12% in 2023. In dollar terms, the gap has narrowed by $266 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →