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The total population of Albert Lea is estimated to be 18,434 with 8,978 males (48.70%) and 9,456 females (51.30%). There are 478 more females than males in Albert Lea.
The median household income in Albert Lea was $55,177 in 2021, which marked an an increase of 3,133(6.02%) from $52,044 in 2020. This income is 73.96% 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, Albert Lea sees its highest median household income among householders in the age group of 45 to 64 years old, at $67,234. Overall, the median household income for the city of Albert Lea stands at $55,177.
In Albert Lea, the median income for all workers aged 15 years and older, regardless of work hours, was $42,404 for males and $26,361 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,052 for males and $44,494 for females.
In Albert Lea, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Some Other Race households have the highest median household income at $84,762, while Two or More Races households represent the opposite end with the lowest median household income of $49,142.
In 2022, the population of Albert Lea was 18,396, a 0.17% decrease year-by-year from 2021. Previously, in 2021, Albert Lea's population was 18,427, a decline of 0.37% compared to a population of 18,495 in 2020.
The median age in Albert Lea, MN is 43.6, as per 2021 ACS 5-Year Estimates. Of the total population, 18.81% were under the age of 15, 15.47% aged 15 to 29, 42.14% aged 30 to 64, 18.98% aged 65 to 84, and 4.60% were 85 years of age and older.
Racial distribution of Albert Lea population: 83.65% are White, 1.75% are Black or African American, 0.75% are American Indian and Alaska Native, 4.10% are Asian, 0.04% are Native Hawaiian and other Pacific Islander, 4.09% are some other race and 5.62% are multiracial.