Information about Albany
Situated on the west bank of the Hudson River, Albany had an estimated population of 98,566 in 2014, based on U.S. Census Bureau figures. In 2010, the racial makeup of the city was 57 percent white, nearly 31 percent African American, almost 9 percent Hispanic, and 5 percent Asian. Founded in 1614, Albany is one of the nation's oldest cities.
Albany has a lively arts community and plenty of areas of natural beauty. The Pine Bush, a rare example of inland pine barrens and sand dunes, is a protected area in the western part of the city home to nearly 1,500 different species of plants and animals, several of which are endangered or rare. Albany is also famous for the building complex that includes the New York State Museum, the Empire State Performing Arts Center and the New York state capitol. The Times Union Center hosts national and international bands and musical acts, while the city's Lark Street area hosts a yearly community and arts festival that attracts up to 60,000 visitors.
Albany is home to many educational institutions, including the Albany College of Pharmacy and Health Sciences, the State University of New York (SUNY) at Albany, Excelsior College, Albany Medical College and Albany Law School. The State University of New York campus, better known as the University at Albany - SUNY, is becoming an important center for nanotechnology, and U.S. News & World Report ranked the university's graduate programs in criminology and information and technology management among the nation's top three for 2016.
Economic and Employment
Albany is a major government and administrative center, with tens of thousands of local residents employed in state offices near the downtown area. The city also serves as a transportation hub, with the Port of Albany connecting to both the Hudson River, and thus to New York City, and the Erie Canal. Health care and research, too, are important contributors to the local economy.
Albany's median household income for 2010-2014 was $41,099 per year, according to the U.S. Census Bureau; this was significantly lower than the statewide median of $58,687. More than a quarter of the city's residents lived below poverty level during that period.