Albert Lea city, MN

ZIP 56007 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Albert Lea city, MN (56007)

Median Income

$66,479

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,524

Wealth inflow

Population

21,467

Unemployment

3.9%

0.2pp above US avg

IRS migration statistics show a net inflow of about 1,524 for ZIP 56007 (Albert Lea city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

3.9%+6% vs US avg

Self-Employed

2.9%-53% vs US avg

SNAP Benefits

10.7%-9% vs US avg

588

Establishments

9,889

Employees

~17 per establishment — small businesses dominate

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining2.8%
Construction6.1%
Manufacturing20.5%
Wholesale trade2.5%
Retail trade10.2%
Transportation, utilities5.4%
Information1.4%
Finance, insurance, real estate4.1%
Professional, scientific, management7.5%
Education, health care, social23.5%
Arts, entertainment, food services8.1%
Other services4.7%
Public administration3.3%

Household Income

Historical Trends in 56007 (2020–Present)

Since 2020, population grew 2.3%, median income rose 13.1% (inflation-adjusted), home values increased 16.2%.

Median Income

$66,479

-12% vs US avg

Unemployment Rate