Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.0 yrs |
|---|---|
| Avg HH Size | 2.31 |
| Below Poverty | 10.4% ≈ Avg |
| College Grads | 34.6% ▼ 11% below avg |
| Unemployment | 3.9% ▼ 20% below avg |
| No HS Diploma | 339 (2.4%) |
| HS Graduate | 4,656 (33%) |
| Some College | 1,859 (13.2%) |
| Associates | 2,373 (16.8%) |
| Bachelors | 2,160 (15.3%) |
| Graduate Degree | 2,710 (19.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,479 ▼ 13% below avg |
|---|---|
| Median Home Value | $161,100 ▼ 42% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $843/mo |
| Total Housing Units | 9,873 |
| Vacant Units | 824 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Albert Lea is a city in Minnesota, located in Freeborn County. The city spans 1 ZIP code and is home to approximately 21,467 residents. It is a middle-aged city, with a median age of 44 years.
Economically, Albert Lea is a solidly middle-class community. The median household income of $66,479 is near the national average. Approximately 10.4% of residents live below the poverty line. The unemployment rate is 3.9%, below the national average.
The real estate market in Albert Lea is an affordable housing market. Median home values stand at $161,100, which is below the national average. Renters typically pay around $843 per month. Homeownership is high at 76.1%, typical of suburban and family-oriented communities.
The population of Albert Lea is moderately educated. 34.6% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (78.67%).
Albert Lea, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56007 | 21,467 | $66,479 | $161,100 | $843 | 3.9% | 34.6% | 76.1% |