Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

56 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: $1,248

Average Rent as Percentage of Gross Income

Median rent for 2018: $554

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $5,589
--Home Prepared Food $3,149
--Restaurant/Takeaway Food $2,440
Alcoholic Beverages $410
Housing $14,167
--Rent/Mortgage/Upkeep/Taxes $8,284
--Utilities $2,855
--Operations $1,076
--Supplies $527
--Furnishings $1,431
Apparel $1,314
--Men & Boys $294
--Women & Girls $532
--Children < 2 $6
--Footwear $277
Transportation $6,881
--New Vehicles $1,286
--Used Vehicles $1,469
--Fuel $1,486
--Insurance $688
--Public Transit $577
Healthcare $3,504
Entertainment $2,273
--Pets $466
--Toys $111
Personal Care Products $543
Books & Literature $78
Education $992
Tobacco Products $244
Miscellaneous $699
Retirement $1,331
Non-health Insurance $5,145
Total Expenditures $43,171

Selected Population Data

Period Geography Population
2014 Albany city, Minnesota 2,599
2015 Albany city, Minnesota 2,618
2016 Albany city, Minnesota 2,645
2017 Albany city, Minnesota 2,674
2018 Albany city, Minnesota 2,691