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ZipNumbers

Minnesota · Census place 00694

Albert Lea city, MN

Quick answer

Albert Lea city has 18,379 residents, ranking #65 of 914 places in Minnesota. Median household income is $62,522, the median home is worth $150,400 and median gross rent runs $845 a month.

Population
18,379Albert Lea city residents
Median household income
$62,522Past 12 months, inflation adjusted
Median home value
$150,400Owner-occupied units
Median gross rent
$845Rent plus utilities, monthly
Median age
44.3 yrsAll residents
Homeownership rate
73.6%Owner-occupied households

What the numbers mean in Albert Lea city

Housing cost measured against local earnings.

A household earning the Albert Lea city median would spend about 16.2% 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 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.5% of residents and 73.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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