Minnesota · Census place 00622
Albany city, MN
Quick answer
Albany city has 2,800 residents, ranking #216 of 914 places in Minnesota. Median household income is $75,417, the median home is worth $226,000 and median gross rent runs $579 a month.
- Population
- 2,800Albany city residents
- Median household income
- $75,417Past 12 months, inflation adjusted
- Median home value
- $226,000Owner-occupied units
- Median gross rent
- $579Rent plus utilities, monthly
- Median age
- 38.7 yrsAll residents
- Homeownership rate
- 70.1%Owner-occupied households
What the numbers mean in Albany city
Housing cost measured against local earnings.
A household earning the Albany city median would spend about 9.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.6% of residents and 70.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Mountain Iron city 2,865
- Dodge Center city 2,864
- Caledonia city 2,825
- Cokato city 2,780
- Barnesville city 2,757
- Roseau city 2,728
- Cohasset city 2,700
Keep going
More Minnesota coverage.