Albert Lea
Albert Lea city, Minnesota
Albert Lea, Minnesota, offers a refreshing take on Midwestern living, where affordability meets a relaxed pace of life. Imagine a place where a home costs a fraction of the national average, with a median value hovering around $134,500. This is a far cry from the US median of $350,000, which means a comfortable lifestyle is within reach for many. The town's population of just over 18,000 creates a close-knit community feel, perfect for those seeking a break from the hustle and bustle of big-city life. You'll find a welcoming atmosphere and a strong sense of community, making it an ideal spot to put down roots and enjoy the simple pleasures of life.
From an investment perspective, Albert Lea presents a compelling case. While the median household income of $56,347 is lower than the national average, the significantly lower cost of living more than compensates, especially when considering the remarkably affordable housing market. Although specific unemployment rates aren’t immediately accessible, the town's relative safety and close-knit feel make it attractive to families, retirees, and first-time homebuyers looking for a budget-friendly place to call home.
Albert Lea, Minnesota at a Glance
Albert Lea is a city in Albert Lea city, Minnesota with a population of approximately 18,434. The median home value is $134,500 and the median household income is $56,347. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $850 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$134,500
Median Income
$56,347
Population
18,434
Walk Score
0
Air Quality
AQI 38
Good
Climate Risk
Relatively Moderate
Fair
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- Population
- 18,434
- Median Age
- N/A
- Median Household Income
- $56,347
24% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 10.8%
13% below nat'l avg
- Median Home Value
- $134,500
52% below nat'l avg
- Median Rent
- $850
27% below nat'l avg
- Homeownership Rate
- 84.0%
27% above nat'l avg
- Affordability Index
- 171
71% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 5.7 per 1K
70% below nat'l avg
- AQI
- 38
10% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 77.17
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 14.6¢/kWh
12% below nat'l avg
- Est. Monthly Electric
- $131
4% below nat'l avg
- Total Schools
- 4
- Elementary
- 1
- Middle
- 1
- High School
- 2
- Avg. Enrollment
- 481
- Student-Teacher Ratio
- 20.3:1
- Free/Reduced Lunch
- 32.4%
- Title I Schools
- 0%
Student Demographics
Nearby Schools
- Unemployment Rate
- 5.1%
38% above nat'l avg
- Poverty Rate
- 10.8%
13% below nat'l avg
Weather & Climate in Albert Lea
Avg High
54°F
Avg Low
36°F
Annual Rainfall
31.7"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Benton County county-level presidential election data
Culture & Things to Do in Albert Lea
Freeborn County Fair
Annual county fair featuring agricultural exhibits, carnival rides, and entertainment.
Big Island Rendezvous
A historical re-enactment event held at Myre-Big Island State Park.
Albert Lea Art Center Shows
Regular art exhibitions showcasing local and regional artists.
Holiday on Broadway
A festive holiday celebration with shopping, activities, and a parade.
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