Median Income
$56,347
household / year
Median Home Value
$134,500
owner-occupied
Median Rent
$814
gross / month
Cost of Living
93
national avg = 100

Is Albert Lea, MN a Good Place to Live?

Albert Lea is a small city of 18,434 in Minnesota, with a median household income of $56,347 and a 5.1% unemployment rate. Its cost of living index is 93 (US average = 100), which is 7% below the national average.

Strengths: Albert Lea stands out for an affordable cost of living, below-average home prices, lower-than-average crime, short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Albert Lea is right for you depends on your priorities — the full breakdown is below.

All Albert Lea city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 93.3

Albert Lea's overall cost of living index is 93.3, where 100 represents the US national average. Living in Albert Lea costs roughly 7% less than the average American city.

Metric Albert Lea, MN National Avg
Median Home Value $134,500 $244,900
Median Monthly Rent $814 $1,163
Homeownership Rate 71.8% 65.9%
Median Household Income $56,347 $74,755

Crime & Safety

Safer than Average

Albert Lea's violent crime rate is 208.9 per 100,000 residents — 45% lower than the national average of ~380 per 100,000.

Violent Crime
208.9 /100k
Property Crime
1489.5 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Albert Lea is served primarily by Albert Lea Public School District. The student-to-teacher ratio is 14.5:1 (better than the national average of ~16:1).

Metric Albert Lea, MN National Avg
School District Albert Lea Public School District —
Elementary Schools 4 —
Middle Schools 1 —
High Schools 3 —
Student/Teacher Ratio 14.5:1 16:1
Bachelor's Degree or Higher 15.9% 35.4%
High School Diploma or Higher 84.8% 91.1%

Weather & Climate

Albert Lea sees average highs of 22.5°F in January and 81.6°F in July, with 35.8 inches of annual precipitation and 39.5 inches of snow per year.

MetricAlbert Lea, MN
Average High — January22.5°F
Average High — July81.6°F
Annual Precipitation35.8"
Annual Snowfall39.5"

Demographics

MetricAlbert Lea, MNNational Avg
Population18,434—
Median Age44.238.9
Unemployment Rate5.1%3.7%
Avg Commute Time18.7 min26 min
White (non-Hispanic)81.6%59.3%
Black or African American1.8%13.6%
Hispanic or Latino10.5%18.9%
Asian3.5%6.3%
Under 1821.7%22.2%
65 and over23.8%16.8%

Nearby Cities

ZIP Codes in Albert Lea

Albert Lea, MN is covered by 1 ZIP code:

Albert Lea vs Other Cities

Frequently Asked Questions

Albert Lea's cost of living index is 93, where 100 is the national average. That makes Albert Lea roughly 7% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $134,500 and median rent is $814/month.
Albert Lea's violent crime rate is 208.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1489.5 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Albert Lea are operated by Albert Lea Public School District. The district has 4 elementary, 1 middle, and 3 high schools. The student-to-teacher ratio is 14.5:1. 15.9% of adults 25+ hold a bachelor's degree or higher.
Albert Lea, MN has a population of 18,434, a median household income of $56,347, and an unemployment rate of 5.1%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Albert Lea averages 22.5°F in January and 81.6°F in July. Annual rainfall is 35.8 inches with about 39.5 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Albert Lea, MN is covered by 1 ZIP code: 56007.
The population of Albert Lea, Minnesota is 18,434 with a median age of 44.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Albert Lea: cost of living index 93 (100 = US average), median home $134,500, median household income $56,347, crime index 61 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Albert Lea side by side with your current city to see the trade-offs.