Albany is located close to the center of Texas. Albany is part of Shackelford County. Albany has 1.57 square miles of land area and has no water area. As of 2010-2014, the total Albany population is 2,307, which has grown 20.09% since 2000. The population growth rate is much lower than the state average rate of 25.13% and is much higher than the national average rate of 11.61%. Albany median household income is $52,321 in 2010-2014 and has grown by 65.77% since 2000. The income growth rate is much higher than the state average rate of 31.68% and is much higher than the national average rate of 27.36%. Albany median house value is $71,800 in 2010-2014 and has grown by 67.37% since 2000. The house value growth rate is higher than the state average rate of 59.27% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Albany is much better than the state average in quality. The Albany area code is 325.