Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

200 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $950

Average Rent as Percentage of Gross Income

Median rent for 2018: $670

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $34,872
--Home Prepared Food $19,650
--Restaurant/Takeaway Food $15,222
Alcoholic Beverages $2,560
Housing $88,392
--Rent/Mortgage/Upkeep/Taxes $51,686
--Utilities $17,817
--Operations $6,712
--Supplies $3,287
--Furnishings $8,926
Apparel $8,199
--Men & Boys $1,834
--Women & Girls $3,321
--Children < 2 $35
--Footwear $1,730
Transportation $42,933
--New Vehicles $8,026
--Used Vehicles $9,168
--Fuel $9,272
--Insurance $4,290
--Public Transit $3,598
Healthcare $21,864
Entertainment $14,184
--Pets $2,906
--Toys $692
Personal Care Products $3,390
Books & Literature $484
Education $6,193
Tobacco Products $1,522
Miscellaneous $4,359
Retirement $8,303
Non-health Insurance $32,105
Total Expenditures $269,361

Selected Population Data

Period Geography Population
2014 Albert Lea city, Minnesota 17,931
2015 Albert Lea city, Minnesota 17,843
2016 Albert Lea city, Minnesota 17,775
2017 Albert Lea city, Minnesota 17,716
2018 Albert Lea city, Minnesota 17,687