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Albert Lea, Minnesota Retirement Guide
established retirement community
58
Retirement Score
Albert Lea, Minnesota at a Glance
- Median Home Price
- $134,500
- State Income Tax
- State income tax; Social Security and retirement income have income-based partial exemptions.
- Avg January Low
- 6.9°F
- Cost of Living Index
- 97.5 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 58 / 100
Retirement Data
Affordability
Cost of Living Index
97.5 (U.S. avg = 100)Medium confidence
BEA Regional Price Parities · Updated March 2026
Median Home Price
$134,500High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Monthly Rent
$814High confidence
U.S. Census ACS 5-Year · Updated April 2026
Taxes
Retirement Tax Score
30 / 100Medium confidence
Tax Foundation · Updated March 2026
Tax Details
State income tax; Social Security and retirement income have income-based partial exemptions.Medium confidence
Tax Foundation · Updated March 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
63.8 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Aging-in-Place Score (proxy)
54.8 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Healthcare
Healthcare Access Score
63.8 / 100Medium confidence
CMS Hospital General Information · Updated March 2026
Climate
Avg July High
82.2°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Avg January Low
6.9°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Annual Precipitation
27.8"Medium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Sunny Days / Year
281 daysMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Safety
Safety Score
100 / 100Medium confidence
FBI Crime Data Explorer · Updated March 2026
Walkability
Walk Score (proxy)
32.7 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Transit Score (proxy)
0.7 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Demographics
Population
18,434High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Age
44.2High confidence
U.S. Census ACS 5-Year · Updated April 2026
Age 65+
23.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Household Income
$56,347High confidence
U.S. Census ACS 5-Year · Updated April 2026
Community Profile
Owner-Occupied Housing
71.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Veterans
7.9%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Bachelor's Degree+
15.9%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Poverty Rate
10.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Diversity
White
81.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Black
1.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Hispanic/Latino
15.3%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Asian
3.5%High confidence
U.S. Census ACS 5-Year · Updated April 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Albert Lea using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$291
Stress-case monthly carrying cost
$327
Median home price used: $134,500
Median rent reference: $814 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.