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EconPulse

Local economy signal dashboard

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PLACEThriving

Albertville, MN

Thriving overall. Jobs is the clearest support signal, while federal funds needs the most attention. Housing reads as affordable for a median-income household.

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Overall score91out of 100
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85
100
100
83
79

Population

8,207

Data freshness

Unknown

GDP / Output

+6.5% YoY

85

$7.3B

Output changed +6.5% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

100

0.2%

Unemployment is 0.2% for Latest available.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

+9.7% 5-year

100

8,207

Population moved +9.7% over the latest ACS window.

Vintage date unknown

State population5,739,445
U.S. population334,922,499

Housing

Rent share of income

83

12.2%

Median rent consumes 12.2% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$5.4K per resident

79

$769.7M

$769.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$242.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$769.7M

$5.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$644.4M
2. Department of Veterans Affairs$62.6M
3. Department of Transportation$25.9M

Top recipients

Dollars
1. MINNESOTA DEPARTMENT OF TRANSPORTATION$25.6M
2. REDACTED DUE TO PII$11.6M
3. CARGILL KITCHEN SOLUTIONS, INC$4.3M

Affordable

Housing Affordability

12.2%

of median income

1BR estimate$1,105
2BR estimate$1,456
Median income$132,734
Median home value$343,700

ACS context

Quick Facts

Population

8,207

Median age

37.3

Bachelor's degree+

44.7%

Poverty rate

1.1%

Labor force participation

83.2%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.9%

GDP CAGR

+6.2%

Federal flow

5 years

Population (5 years)
20207,483
20217,792
20227,883
20238,066
20248,207
GDP (5 years)
2020$5.4B
2021$6.0B
2022$6.5B
2023$6.9B
2024$7.3B

2-year linear forecast

Predictive Outlook

Population forecast

20248,207
20258,403 *
20268,575 *

R² = 96.7% · * projected

GDP forecast

2024$7.3B
2025$7.8B *
2026$8.3B *

R² = 99.5% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$132,734/yr
Median rent$1,348/mo
Rent share of income12.2%
Est. mortgage (30yr, 6.5%)$20,855/yr
Mortgage share of income15.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate0.2%
State avg4.1%
U.S. avg5.2%
Labor force participation83.2%
Poverty rate1.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$343,700
Median monthly rent$1,348
Price-to-rent ratio21.2x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score93/100
Economic growth85/100
Labor market100/100
Population momentum100/100
Overall stability91/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Albertville city, Minnesota

City/Town

Part of

Minneapolis-St. Paul-Bloomington, MN-WI

Nearby locations

Otsego, MNSt. Michael, MNHanover, MNRogers, MNMonticello, MN