Alden, MN Profile: Facts & Data

The primary coordinate point for Alden is located at latitude 43.6702 and longitude -93.576 in Freeborn County. The formal boundaries for the City of Alden encompass a land area of 1.07 sq. miles and a water area of 0.03 sq. miles. Freeborn County is in the Central time zone (GMT -6). The elevation is 1,270 feet.

The City of Alden (GNIS ID: 2393910) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alden, MN Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	641 (100%)
Population in Households	641 (100.0%)
Population in Families	538 (83.9%)
Population in Group Quarters¹	0
Population Density	664
Diversity Index²	14


INCOME
Median Household Income	$59,321
Average Household Income	$74,581
% of Income for Mortgage⁴	9%
Per Capita Income	$30,116
Wealth Index⁵	75

HOUSING
Total HU (Housing Units)	292 (100%)
Owner Occupied HU	207 (70.9%)
Renter Occupied HU	54 (18.5%)
Vacant Housing Units	32 (11.0%)
Median Home Value	$123,780
Average Home Value	$169,024
Housing Affordability Index³	294

HOUSEHOLDS
Total Households	260
Average Household Size	2.47
Family Households	185
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Alden, MN - Peer Comparisons by Rank and Percentile

The table below compares Alden to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.3%	-0.25%
Households	-0.3%	-0.15%
Families	-0.16%	-0.33%
Median Household Income		1.38%
Per Capita Income		1.89%
Owner Occupied HU		-0.19%

Variable Description	Rank	Percentile
Total Population	# 461	49th
Population Density	# 419	54th
Median Household Income	# 463	49th
Housing Affordability Index	# 792	88th
Per Capita Income	# 493	45th
Diversity Index	# 475	48th

Alden, MN Profile: Facts & Data

Alden, Minnesota - Basic Facts

Alden, MN Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Alden, MN - Peer Comparisons by Rank and Percentile

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