ExecutivePulse
Official Federal Data

Freeborn County, Minnesota

FIPS 27047 · Albert Lea, MN · Population 30,623
9 Sources Updated June 22, 2026
$71,023
Median Income
$80,734 national
3.9%
Unemployment
4% national
$1.7B
GDP
18.2%
Bachelor's+
35.7% national

Demographics & Population

Census Bureau American Community Survey 2020-2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$71,023
Per Capita
$39,886
Mean Household
$93,926
Poverty Rate
10.6%
Median Income Comparison
Freeborn County$71,023
Minnesota$89,062
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 23.4% (7,157 residents) 55-64: 14.4% (4,425 residents) 35-54: 22.8% (6,983 residents) 18-34: 17.6% (5,394 residents) Under 18: 21.8% (6,664 residents) 44 Median Age
Cohorts
Under 18 · 21.8%
18-34 · 17.6%
35-54 · 22.8%
55-64 · 14.4%
65+ · 23.4%
Race & Ethnicity
White83.9%
Black or African American1.6%
Asian3.5%
Hispanic or Latino(any race)10.8%
Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
91.4%
High School+
National: 89.6%
▲ +1.8 pts
18.2%
Bachelor's+
National: 35.7%
▼ 17.5 pts
6%
Graduate+
National: 14.1%
▼ 8.1 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
30,623
Population
15,183
Labor Force
Employed
14,476
Unemployment Rate BLS LAUS 2025 annual
3.9% ▲ +0.9 pts YoY
Mean Commute 7 min below national avg
19.7 min
Work From Home vs 15.1% national
7.6%
Key Takeaways
  • Talent gap: Bachelor's-or-higher attainment trails the national average by 17.5 pts, relevant for advanced-services attraction strategy.
  • Aging population: Median age of 44 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$1.7B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Freeborn County, Minnesota, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Manufacturing
2,583 29.8%
$66,807
2Retail Trade
1,832 21.1%
$38,747
3Health Care and Social Assistance
1,651 19.1%
$60,581
4Accommodation and Food Services
1,058 12.2%
$19,741
5Construction
549 6.3%
$77,753
6Other Services (except Public Administration)
398 4.6%
$35,253
7Finance and Insurance
328 3.8%
$92,888
8Information
99 1.1%
$54,976
9Arts, Entertainment, and Recreation
98 1.1%
$21,130
10Real Estate and Rental and Leasing
68 0.8%
$30,644
Track industry shifts with AI

ExecutivePulse monitors WARN notices, BLS changes, and SEC filings for your top employers.

Learn More
Key Takeaways
  • Largest sector: Manufacturing employs 2,583 workers (29.8% of tracked sectors), at an average wage of $66,807.
  • Economic scale: Regional GDP of $1.7B (2024).
  • Wage stratification: Finance and Insurance averages $92,888 while Accommodation and Food Services averages $19,741, a 4.7x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
Seeing a change here?

EP customers get year-over-year deltas, WARN notices, and SEC filings for every sector tracked above, surfaced as proactive alerts, not after-the-fact news.

Get Deeper Trends

Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Food Manufacturing
10.87x
1,452
Gasoline Stations and Fuel Dealers
5.99x
472
Animal Production and Aquaculture
4.08x
83
Fabricated Metal Product Manufacturing
4.08x
438
Wood Product Manufacturing
2.71x
82
Nursing and Residential Care Facilities
2.47x
637
Building Material and Garden Supply Retailers
2.42x
250
Motor Vehicle and Parts Dealers
1.95x
300
1.92x
3,279
Machinery Manufacturing
1.86x
152

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Goods-Producing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
3,279
Cluster Employment
1.92x
Peak LQ
Concentrated Sub-Sectors
Food Manufacturing
10.87x 1,452
Gasoline Stations and Fuel Dealers
5.99x 472
Animal Production and Aquaculture
4.08x 83
Fabricated Metal Product Manufacturing
4.08x 438
Wood Product Manufacturing
2.71x 82
Nursing and Residential Care Facilities
2.47x 637
Building Material and Garden Supply Retailers
2.42x 250
Motor Vehicle and Parts Dealers
1.95x 300
1.92x 3,279
Machinery Manufacturing
1.86x 152

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.26x
Insurance Carriers and Related Activities
51 employed
0.47x
Ambulatory Health Care Services
316 employed
Key Takeaways
  • Top specialization: Food Manufacturing concentrates at 10.87x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
  • Attraction whitespace: 6 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Freeborn County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$171,100
Median Home Value vs 2019
$849
Rent/Mo
79.5%
Owner-Occ
9%
Vacancy
2.4x
Home Value to Income Ratio - Affordable
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$672/mo
1 Bedroom
$742/mo
2 Bedroom
$974/mo
3 Bedroom
$1,283/mo
4 Bedroom
$1,432/mo
30% of monthly median household income (~$1,776/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • Affordable market: Home value to income ratio of 2.4x is well below the ~4.1x national average; supports talent attraction and family settlement narratives.
  • High home ownership: 79.5% owner-occupied; rental supply may be tight for incoming workers.
  • Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,776/mo), a clear cost-of-living advantage for workforce attraction.
Source: Census ACS housing tables + HUD Fair Market Rents.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
16,802
Working Age (18-64) vs 2019
Mean Commute 7 min below national avg
19.7 min
Work From Home vs 15.1% national
7.6%
Prime-Age Employed (25-54)
84.1%
of prime-age population
Labor force participation rate: 63.4% of working-age population (18-64) 63% Participation
▼ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
18.2%
HS Diploma+
91.4%
Regional / Statewide Institutions
Total credentials awarded
49,702/yr
Capella University 14,847/yr
University of Minnesota-Twin Cities 13,676/yr
Walden University 12,870/yr
Minnesota State University-Mankato 3,728/yr
University of Minnesota-Duluth 2,468/yr
Century College 2,113/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
26.3%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
33.1%
Service
17.9%
Sales & Office
17.9%
Construction / Maint.
11%
Production / Transport
20%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 14,476 employed workers.
Key Takeaways
  • Succession risk is real: 26.3% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
  • Short commutes: 19.7-minute mean commute is a quality-of-life and labor-access advantage worth surfacing for site selectors.
  • Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 41,393 annual credentials.
Source: ACS workforce data and College Scorecard.

AI Insights

AI-assisted analysis, drawn from 9 federal data sources

Sample AI Insight

Freeborn County shows strong potential for food manufacturing attraction, with a 10.87x concentration and 1,452 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 26.3% of the working-age population within 10 years of retirement age.

The interconnected base across food manufacturing, gasoline stations and fuel dealers, and animal production and aquaculture creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100

Prospect Match Scores

Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example

Take it further

AI Insights: Built into ExecutivePulse. Continuous analysis tied to your own pipeline: industry-shift signals, prospect matches, retention prompts.

Managed Services: Prefer to hand it off? Our team delivers the analysis and consulting for you.

Schedule a Demo
Available as premium offerings.

Data Sources

Updated from official federal government data.

Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23

Frequently Asked Questions

Key economic and demographic figures for Freeborn County, Minnesota, from federal data sources.

What is the population of Freeborn County, Minnesota?

30,623 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Freeborn County, Minnesota?

$71,023 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Freeborn County, Minnesota?

3.9% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Freeborn County, Minnesota?

$1.7B (U.S. Bureau of Economic Analysis, CAGDP1).