Population 5,421 · Census ACS 2020–24
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Population and households in Albany
Household size in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 2.69 | 2.52 | 2.68 |
| 2010–14 | 2.55 | 2.54 | 2.73 |
| 2015–19 | 2.73 | 2.55 | 2.71 |
| 2020–24 | 2.61 | 2.52 | 2.65 |
| Change | −0.09 | +0.00 | −0.03 |
Households in Albany average 2.61 people, about the same as the country as a whole (2.65). The typical household here is bigger than in Minnesota as a whole, where it has 2.52 people. Since 2006–10, household size has edged down from 2.69, as it has nationally.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 36.7 | 37.9 | 37.7 |
| 2010–14 | 38.2 | 38.9 | 38.6 |
| 2015–19 | 36.8 | 39.6 | 39.6 |
| 2020–24 | 36.5 | 40.0 | 40.1 |
| Change | −0.2 | +2.1 | +2.3 |
The median resident of Albany is 36.5 years old, a few years younger than the national median of 40.1. The youngest areas are in the west, the oldest in the southeast. Albany is younger than the great majority of Minnesota cities.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 7.9% | 9.9% | 12.3% |
| 2010–14 | 7.5% | 10.2% | 12.3% |
| 2015–19 | 7.3% | 9.7% | 11.6% |
| 2020–24 | 8.4% | 9.6% | 11.6% |
| Change | +0.5 pts | −0.3 pts | −0.6 pts |
Single parents head only 8.4% of households in Albany, well below the national share of 11.6%. Since 2006–10, the single-parent share has edged up 0.5 points, even as the national share fell.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Albany
Renters in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 12.1% | 25.8% | 33.3% |
| 2010–14 | 19.8% | 27.9% | 35.6% |
| 2015–19 | 15.9% | 28.4% | 36.0% |
| 2020–24 | 23.7% | 27.8% | 34.8% |
| Change | +11.6 pts | +2.0 pts | +1.5 pts |
Albany is largely a place of homeowners: only 23.7% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. About four in ten owners (38.9%) have paid off their mortgages, about the same as nationally. Since 2006–10, the renter share has risen 11.6 points, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 7.6% | 9.2% | 11.4% |
| 2010–14 | 7.6% | 9.0% | 11.4% |
| 2015–19 | 4.4% | 8.7% | 11.1% |
| 2020–24 | 5.6% | 8.3% | 9.6% |
| Change | −1.9 pts | −0.9 pts | −1.8 pts |
Vacancy is on the low side in Albany: 5.6% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. Since 2006–10, vacancy has fallen 1.9 points, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 1979 | 1973 | 1974 |
| 2010–14 | 1983 | 1974 | 1975 |
| 2015–19 | 1984 | 1975 | 1977 |
| 2020–24 | 1985 | 1978 | 1980 |
| Change | +5 | +5 | +6 |
Homes in Albany are a bit newer than the national norm: the median home was built in 1985, versus 1980 across the U.S. The median year built has moved up from 1979 in 2006–10, a sign of steady new building. Newer construction is concentrated in the northeast, while the west has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | $444 | $882 | $965 |
| 2010–14 | $800 | $953 | $1,040 |
| 2015–19 | $734 | $1,099 | $1,213 |
| 2020–24 | $915 | $1,404 | $1,571 |
| Change | +$471 | +$522 | +$606 |
Rent in Albany runs $915 a month at the median, utilities included, well below the U.S. median of $1,571. Rents are up $471 a month from 2006–10, a 106% jump, faster than rents rose nationally. The typical renter here spends 26.8% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. Renters on a budget will find the lowest rents in the west; the highest are in the northeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Albany
Bachelor's degrees in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 14.8% | 32.1% | 28.4% |
| 2010–14 | 16.5% | 33.7% | 29.6% |
| 2015–19 | 21.0% | 36.2% | 32.1% |
| 2020–24 | 22.7% | 39.6% | 35.6% |
| Change | +7.9 pts | +7.4 pts | +7.2 pts |
College degrees are relatively uncommon in Albany: 22.7% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%. The share with a degree is up 7.9 points from 2006–10, as it has nationally. Albany has a lower share of college graduates than at least four in five Minnesota cities.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 83.8% | 91.4% | 84.9% |
| 2010–14 | 90.5% | 92.2% | 86.1% |
| 2015–19 | 88.6% | 93.0% | 87.7% |
| 2020–24 | 91.9% | 93.7% | 89.3% |
| Change | +8.1 pts | +2.3 pts | +4.3 pts |
About nine in ten adults in Albany have finished high school (91.9%), a bit above the national rate of 89.3%. Even so, the rate is lower than in Minnesota as a whole (93.7%). Since 2006–10, the share with a diploma has risen 8.1 points, as it has nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Albany
| Period | Albany | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 4.3% | 6.5% | 8.1% |
| 2010–14 | 3.9% | 6.5% | 9.4% |
| 2015–19 | 1.8% | 3.7% | 5.6% |
| 2020–24 | 4.4% | 4.1% | 5.4% |
| Change | +0.1 pts | −2.4 pts | −2.7 pts |
Unemployment in Albany runs below the national rate: 4.4% of the labor force was out of work and looking, against 5.4% nationally. That is in line with the rest of Minnesota. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Albany compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Albany | 2.61 | 36.5 | 8.4% | 23.7% | 5.6% | 1985 | $915 | 22.7% | 91.9% | 4.4% |
| St. Anna | 2.94 | 35.8 | 7.9% | 7.4% | 10.7% | 1984 | $978 | 23.1% | 96.8% | 4.3% |
| Avon | 2.71 | 39.3 | 6.2% | 11.9% | 11.2% | 1984 | $951 | 30.3% | 96.3% | 2.6% |
| Freeport | 2.87 | 35.6 | 5.6% | 8.8% | 7.8% | 1981 | $1,085 | 21.1% | 95.0% | 3.1% |
| Holdingford | 2.82 | 35.4 | 7.8% | 7.7% | 9.8% | 1983 | $937 | 19.1% | 95.6% | 2.0% |
| Collegeville | 2.55 | 27.3 | 5.4% | 9.4% | 11.6% | 1990 | $994 | 54.6% | 95.5% | 6.4% |
| New Munich | 2.73 | 34.0 | 5.3% | 11.8% | 7.8% | 1974 | $960 | 20.4% | 95.3% | 2.0% |
| St. Wendel | 2.50 | 48.7 | 3.9% | 12.2% | 6.6% | 1981 | $1,065 | 23.3% | 92.8% | 1.5% |
| St. Martin | 2.74 | 41.6 | 3.6% | 9.2% | 6.4% | 1979 | $568 | 13.7% | 91.4% | 0.3% |
| St. Rosa | 2.95 | 38.2 | 2.7% | 8.1% | 22.3% | 1982 | $903 | 27.7% | 95.4% | 1.2% |
| Jacobs Prairie | 2.35 | 51.7 | 9.8% | 19.8% | 10.7% | 1992 | $1,342 | 31.6% | 94.0% | 0.7% |
All figures 2020–24.
Cities with similar populations: Fort Myers Shores, FL · Parker, AZ · American Falls, ID · Surfside, FL · New Tripoli, PA · New Waverly, TX · Robesonia, PA · Peotone, IL · Carolina Beach, NC · Versailles, MO
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Albany. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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