Albion township, Minnesota Median Income

Albion township, Minnesota has a population of 1,245, with a median household income of $88,200.

Current median income data for Albion township.

$88,200

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Population

1,245

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Median Income

$88,200

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Unemployment

3.10%

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Housing Price

$315,000

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Crime Rate

1.00

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Internet Speed

100.00 Mbps

Albion township is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Minnesota, Albion township provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Albion township has a population of 1,245, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Albion township is $88,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Albion township average around $315,000, which is relatively high compared to other cities in Minnesota.

Employment and Safety

The unemployment rate in Albion township is 3.10%, which is lower than the state average, indicating a relatively strong job market. Albion township has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Minnesota, Albion township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Albion township offers a balanced mix of economic conditions, population trends, and housing opportunities within Minnesota.

Frequently Asked Questions about Albion township

What is the population of Albion township?

The population of Albion township is approximately 1,245.

Is Albion township a good place to live?

Albion township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Albion township?

The median household income in Albion township is around $88,200.

How expensive is housing in Albion township?

The average housing price in Albion township is approximately $315,000.