Albany, Georgia is a moderately-sized city with a population of 75,657 inhabitants. According to Census, the majority (72%) of Albany residents identify as Black or African American followed by 24% White and 1% Asian. The median age of all Albany residents is 33, which is well below the national average. This is a good indication that this city could be ideal for young singles. Albany is not known to have a high population (over 15 years old) of married people. At only 47% married, this city falls well below the national average.
Are you trying to decide if living in Albany is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in Georgia, you will probably want to make sure that you check all of the most important boxes. Using the livability score which includes data from categories like amenities, crime, weather, employment, housing, you can easily compare the best places to live in Albany and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Albany to Georgia and the national average.
With a livability score of 56/100, Albany is ranked #26,380 in the United States and #546 in Georgia. Compared to the national average, this city has a score which ranks among the lowest in the nation, and it is not considered a very livable city. In fact, Albany actually ranks among the lowest 10 percentile of cities across the nation. For each of the livability categories, we can establish that Albany ranks very well for amenities (A+), cost of living (A-) and weather (B+). On a more negative note, Albany does not have favorable ranks for the following: crime (F), education (F), employment (F) and housing (F). If we take a look at the data, we can find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Albany, there is no shortage of amazing local amenities and interesting things to do.
Assuming that Albany meets all of your requirements, the next most important item to examine is the affordability of real estate in Albany. Everything else becomes a lot less important if it turns out that home prices in Albany are simply unattainable. Median real estate prices in Albany come in at $99,600, which is 34.6% lower than the Georgia average. The home price to income ratio compares the median home prices to the median household income. In Albany, the home price to income ratio is 3.2, which is 6.7% higher than the Georgia average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Albany area were -3.5% and 5 year appreciation rates were 0.2%.