Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

320 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: $1,028

Average Rent as Percentage of Gross Income

Median rent for 2018: $668

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $68,568
--Home Prepared Food $38,637
--Restaurant/Takeaway Food $29,930
Alcoholic Beverages $5,034
Housing $173,801
--Rent/Mortgage/Upkeep/Taxes $101,627
--Utilities $35,032
--Operations $13,197
--Supplies $6,462
--Furnishings $17,550
Apparel $16,122
--Men & Boys $3,605
--Women & Girls $6,530
--Children < 2 $68
--Footwear $3,401
Transportation $84,417
--New Vehicles $15,782
--Used Vehicles $18,026
--Fuel $18,230
--Insurance $8,435
--Public Transit $7,074
Healthcare $42,991
Entertainment $27,890
--Pets $5,714
--Toys $1,360
Personal Care Products $6,666
Books & Literature $952
Education $12,176
Tobacco Products $2,993
Miscellaneous $8,571
Retirement $16,326
Non-health Insurance $63,126
Total Expenditures $529,633

Selected Population Data

Period Geography Population
2014 Albert Lea, MN Micro Area 31,034
2015 Albert Lea, MN Micro Area 30,897
2016 Albert Lea, MN Micro Area 30,751
2017 Albert Lea, MN Micro Area 30,619
2018 Albert Lea, MN Micro Area 30,526