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The total population of Albany township is estimated to be 1,037 with 550 males (53.04%) and 487 females (46.96%). There are 63 less females than males in Albany township.
The median household income in Albany township was $119,374 in 2021, which marked an an increase of 4,171(3.62%) from $115,203 in 2020. This income is 160.01% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Albany township sees its highest median household income among householders in the age group of 25 to 44 years old, at $165,008. Overall, the median household income for the township of Albany township stands at $119,374.
In Albany township, the median income for all workers aged 15 years and older, regardless of work hours, was $52,093 for males and $34,117 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,280 for males and $55,397 for females.
In Albany township, population is primarily represented by White households, reporting a median income of $118,968.
In 2022, the population of Albany township was 1,000, a 0.60% increase year-by-year from 2021. Previously, in 2021, Albany township's population was 994, an increase of 0.81% compared to a population of 986 in 2020.
The median age in Albany Township, Minnesota is 38.0, as per 2021 ACS 5-Year Estimates. Of the total population, 18.41% were under the age of 15, 24.42% aged 15 to 29, 46.51% aged 30 to 64, 10.08% aged 65 to 84, and 0.58% were 85 years of age and older.
Racial distribution of Albany township population: 94.19% are White, 2.52% are Asian, 0.39% are some other race and 2.91% are multiracial.