Albany, MN Profile: Facts & Data


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Albany, Minnesota - Basic Facts

The City of Albany had a population of 2,872 as of July 1, 2021. Albany ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Albany is located at latitude 45.63 and longitude -94.57 in Stearns County. The formal boundaries for the City of Albany encompass a land area of 2.2 sq. miles and a water area of 0.11 sq. miles. Stearns County is in the Central time zone (GMT -6). The elevation is 1,204 feet.

The City of Albany 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.

Alternate Unofficial Names for Albany: City of Albany.

Jump to... (On This Page!)
  1. Albany 2021 Demographic Data
  2. Growth Rates for Albany (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2021 Demographics

Albany, MN Data & Demographics (As of July 1, 2021)


Total Population 2,872 (100%)
Population in Households 2,802 (97.6%)
Population in Families 2,208 (76.9%)
Population in Group Quarters1 70 ( 2.4%)
Population Density 1,321
Diversity Index2 9


Median Household Income $61,810
Average Household Income $77,450
% of Income for Mortgage4 16%
Per Capita Income $31,397
Wealth Index5 71


Total HU (Housing Units) 1,197 (100%)
Owner Occupied HU 803 (67.1%)
Renter Occupied HU 358 (29.9%)
Vacant Housing Units 36 ( 3.0%)
Median Home Value $234,737
Average Home Value $297,288
Housing Affordability Index3 150


Total Households 1,161
Average Household Size 2.41
Family Households 731
Average Family Size 3
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.


2010-2021 2021-2026
Population 1.0% 1.14%
Households 1.06% 1.18%
Families 0.94% 1.02%
Median Household Income   2.3%
Per Capita Income   2.64%
Owner Occupied HU   1.69%

Albany, MN - Peer Comparisons by Rank and Percentile

The table below compares Albany to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2021 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.

Variable Description Rank Percentile
Total Population # 219 76th
Population Density # 176 81st
Median Household Income # 462 49th
Housing Affordability Index # 281 31st
Per Capita Income # 469 48th
Diversity Index # 720 20th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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