Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Crime
With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Ratings
Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Health & Safety
Poor air quality and the inaccessibility of certain health related facilities like hospitals, clinics, doctors and pharmacies could have all contributed to the low score in this category.
Albion, Indiana is a smaller city with a population of 2,789 inhabitants. At 95%, the majority of the Albion population is White; this is followed by 2% Black and 0% Asian. With an average age of 29 years old, Albion could be a great place to live for young adults as this age is well below the national average. Single men and women might be happy to hear that in Albion, only 43% of the population is married. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Albion is the right fit for you, your one way commute time will average 26 minutes, which is about average when compared to the national commute time of 26 minutes.
Living in Albion can be a great experience for anyone relocating to the city. Having said that, in the state of Indiana, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, crime, education, housing and other key data points, finding the best places to live in Albion and in the areas around Albion is a much easier task.
Using data and statistics Albion has received a livability score of 66/100. This score is ranked in the 65th percentile when compared to all other cities. If we examine each of the categories individually, we see that Albion ranks well for crime (A) and housing (A-). Unfortunately for Albion, there are some categories for which it does not rank well, this includes: amenities (F) and education (D-).
Crime rates can be the deciding factor for anyone looking to relocate to a new area, as the result is often a greater level of safety and security as well as an improved quality of life. Albion gets top scores for their low violent crime rates of 0 crimes per 100,000 residents, which are significantly lower than the national average.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Albion, the unemployment rate stands at 2.42%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Albion has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Albion meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Albion. Everything else becomes a lot less important if it turns out that home prices in Albion are simply unattainable. Median real estate prices in Albion come in at $91,500, which is 27.7% lower than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Albion, the home price to income ratio is 1.8, which is 28% lower than the Indiana average.
| Statistic | Albion | Indiana | National |
| Average one way commute | 26min | 23min | 26min |
| Workers who drive to work | 75.0% | 83.0% | 76.4% |
| Workers who carpool | 8.4% | 8.9% | 9.3% |
| Workers who take public transit | 0.3% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 5.8% | 2.1% | 2.8% |
| Working from home | 2.1% | 3.5% | 4.6% |
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