Businesses for Sale | Albany, New York
Discover business opportunities, in or around Albany, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Albany, located in The Empire State had a total population of 103,406 people.
City Statistics and Other Information About Albany
Demographics
From a total population of 103,406, Albany has a median age of 30. The average age of males, in Albany, is 28 while the average age of females is 33. When you compare the median age of men and women in Albany, there is an average difference of 5.41 years.
Income
The median income of individuals, in Albany, is $37,913 while the average household income is $56,991. In 2029, the average income per capita for Albany is expected to be $37,913.
Additional Information
12201 - 12288Albany County
Is Albany the Best Location for Franchise Opportunities and Growth?
What is the average income in Albany?
The median household income in Albany is $56,991, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Albany an affordable place to start a franchise?
With a median income of $56,991, Albany presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Albany's income compare to other locations?
The median income of $56,991 in Albany is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Albany have a stable workforce to support my business?
Absolutely! With 28,359 employed individuals, Albany offers a solid labor force to support franchise growth.
Is Albany a growing economy?
With a workforce of 28,359 and a median household income of $56,991, Albany provides an emerging economic environment for new business opportunities.
Does homeownership in Albany indicate a stable market?
Homeownership rates at 15,016 show a strong local investment in the community, which benefits long-term franchise success.
