Albion, MI
7,560Residents
$39,885Median household income
$775/moMedian gross rent
$99,900Median home value
25.8Median age
18%Adults with a bachelor’s degree or higher
60%Homes lived in by their owners
2.5×Home value to household income
Median rent takes about 23% of the median household income in Albion.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $31,000 a year. In Michigan that leaves roughly $2,148 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.