Albany, MN
Population 2,800 · Minnesota
About Albany, MN
Albany is a small community in Minnesota with a population of 2,800 residents. The median household income is $75,417 per year, which is above the national average. The median age in Albany is 38.7 years.
Housing in Albany has a median home value of $226,000 and median monthly rent of $579. Of the 1,202 total housing units, the majority are owner-occupied, with 805 owner-occupied and 344 renter-occupied units.
The unemployment rate in Albany is 0.0% and the poverty rate is 3.6%. 22.4% of residents hold a bachelor's degree or higher. The average commute time is 26.5 minutes.
Cost of Living in Albany, MN
Compared to national averages, Albany has a median household income of $75,417 (0% above the national median of $75,149). Home values average $226,000, which is 8% below the national median. Monthly rent at $579 is 50% below the US average of $1,163. Within Minnesota, Albany's income is 2% above the state average of $74,221, and home values are 11% above the state median of $204,472.
Why Live in Albany, MN?
Albany offers a strong local economy with a median household income of $75,417, well above the national average, and affordable housing with a median home value of $226,000, below the US average of $244,900, and rent that’s lower than the national average at $579/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 3.6%, better than the national average.
Albany has a population of 2,800 with a median age of 38.7 years. Compare Albany with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Albany
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cokato | 2,780 | $71,090 | $216,100 | Compare |
| Caledonia | 2,825 | $69,792 | $148,500 | Compare |
| Barnesville | 2,757 | $83,333 | $218,300 | Compare |
| Dodge Center | 2,864 | $77,552 | $175,900 | Compare |
| Mountain Iron | 2,865 | $81,607 | $180,700 | Compare |
| Roseau | 2,728 | $60,185 | $130,000 | Compare |
| Greenfield | 2,897 | $147,184 | $524,300 | Compare |
| Cohasset | 2,700 | $87,833 | $315,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Albany
What is the population of Albany, MN?
The population of Albany, MN is 2,800 according to the latest Census data.
What is the median household income in Albany?
The median household income in Albany, MN is $75,417 per year.
What is the median home value in Albany?
The median home value in Albany, MN is $226,000.
What is the average rent in Albany?
The median monthly rent in Albany, MN is $579.
What is the unemployment rate in Albany?
The unemployment rate in Albany, MN is 0.0%.