Albion was founded in 1852. The town was first called La Fayette until the name was changed to Albion in 1858. The present name is after Albion, the poetic name for Britain.
Economy
The median home price was an estimated $75,300 in 2011. The median gross rent in Albion was $600/mo.
Geography
Albion is located at . According to the United States Census Bureau, the city has a total area of, all land.
As of the census of 2010, there were 505 people, 206 households, and 147 families living in the city. The population density was. There were 220 housing units at an average density of. The racial makeup of the city was 97.8% White, 0.2% African American, 0.4% Pacific Islander, and 1.6% from two or more races. Hispanic or Latino of any race were 1.8% of the population. There were 206 households, of which 31.1% had children under the age of 18 living with them, 55.8% were married couplesliving together, 6.3% had a female householder with no husband present, 9.2% had a male householder with no wife present, and 28.6% were non-families. 23.8% of all households were made up of individuals, and 8.8% had someone living alone who was 65 years of age or older. The average household size was 2.45 and the average family size was 2.83. The median age in the city was 42.8 years. 23.8% of residents were under the age of 18; 7% were between the ages of 18 and 24; 23% were from 25 to 44; 28.8% were from 45 to 64; and 17.2% were 65 years of age or older. The gender makeup of the city was 52.1% male and 47.9% female.
2000 census
As of the census of 2000, there were 592 people, 222 households, and 172 families living in the city. The population density was 999.7 people per square mile. There were 234 housing units at an average density of 395.2 per square mile. The racial makeup of the city was 98.99% White, 0.68% Asian, and 0.34% from two or more races. Hispanic or Latino of any race were 1.01% of the population. There were 222 households, out of which 32.9% had children under the age of 18 living with them, 63.1% were married couples living together, 9.0% had a female householder with no husband present, and 22.1% were non-families. 17.1% of all households were made up of individuals, and 4.5% had someone living alone who was 65 years of age or older. The average household size was 2.67 and the average family size was 2.95. In the city, the population was spread out, with 28.5% under the age of 18, 6.8% from 18 to 24, 27.2% from 25 to 44, 25.7% from 45 to 64, and 11.8% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 108.5 males. For every 100 females age 18 and over, there were 103.4 males. The median income for a household in the city was $36,875, and the median income for a family was $41,250. Males had a median income of $31,042 versus $24,375 for females. The per capita income for the city was $14,770. About 9.4% of families and 15.9% of the population were below the poverty line, including 20.1% of those under age 18 and 10.0% of those age 65 or over.
