Douglas County Economic Development Profile

Douglas County

Econ om i c D e ve l o pment P ro fil e | 2 0 2 1

Population 22,359

Dougl as Coun ty

39,006

Re s id ents

2.4%

Dougl a s Count y

L a b o r fo rce & Un em p l oy m e n t R a t e

Housing $229,511

Me dian Va l ue of Homes

$63,819

Median Household Income

Education 66.7%

C o llege Educated

96%

98%

Jo b Pl a ce m e n t r a t e fo r ATC C st ude n t s

Average High School Graduation Rate Alexandria Area Economic Development Commission | livingalexarea.org

The Alexandria area economy provides opportunities for career growth while still having a relaxed small-town feel. We have outdoor recreation for all seasons to fit your active lifestyle and most big-city amenities without the traffic and congestion…that’s Living Alexandria Area!

Current age of Population Source: https://livingalexarea.org/demographics/

2020 | 39,006 2010 | 36,009 2000 | 32,821

birth to 19

9,093

People

1990 | 28,674

Population 26% Growth Douglas County

age 20 to 44

10,591 People

Population projections Source: https://mn.gov/admin/demography/data-by-topic/population-data/our-projections/

age 45 to 64

9,748

People

age 65 +

9,194

People

Alexandria Area Economic Development Commission | livingalexarea.org

Top Industries & Employment Source: https://apps.deed.state.mn.us/lmi/qcew/ResultsDisp.aspx

Our area is industries

home

to

including

many diverse Manufacturing,

Healthcare, Service, Tourism, and Retail.

Over 1,400 companies have found that our area offers a balance not only for their business but, also for their lives and families.

The average commute time for

workers in Douglas County is 18 minutes which is lower than the Minnesota average of 24 minutes.

Douglas County residents make

up 86% of the workforce, for a total of

Natural Resources - 106 (1%)

Education & Health Services 4,517 (26%)

Information 271 (2%) Public admin 512 (3%) Financial Services 750 (4%) Construction 885 (5%)

16,342.

Source: https://mn.gov/deed/data/data-tools/county-profiles/

Professional Services 899 (5%)

Trade, Transportation & utilities 4,000 (23%)

Manufacturing 3,662 (21%) Hospitality 1,786 (10%)

Labor force & Unemployment Rates Source: https://apps.deed.state.mn.us/lmi/laus/Default.aspx

7,956

22,359

3,036,134

Alexandria

Douglas County

Minnesota

2.9%

2.4%

3.4%

Douglas County

Minnesota

Alexandria

Top 10 Large Employers

Industry

Alomere Health

Healthcare

868

Douglas Machine, Inc.

Manufacturing

737

Alexandria Public Schools

Education

609

Knute Nelson

Healthcare

482

Alexandria Industries

Manufacturing

437

3M – Alexandria

Manufacturing

400

Central Specialties

Construction

325

Douglas County

Government

308

Brenton Engineering

Manufacturing

265

Aagard

Manufacturing

264

Industry Weekly Wages https://apps.deed.state.mn.us/lmi/qcew/ResultsDisp.aspx

Number of Employees

**Douglas County employees only

Alexandria Area Economic Development Commission | livingalexarea.org

Douglas County offers a range of residential, industrial and commercial property opportunities.

Douglas County’s current housing vacancy rate is 17.2%. Alexandria has a vacancy rate of 4.6%.

Real Estate & Building Source: Minnesota Realtors, Douglas County, City of Alexandria & Alexandria Township

ALEXANDRIA total housing units

7,270

DOUGLAS COUNTY total housing units

21,544 992

40

Residential Units Sold

Median Sale Price

Alexandria Permits

Alexandria Commercial Building Permits

Commercial Units Sold

Average Sale Price

1326

16

Douglas county Permits

Douglas county Commercial Building Permits

114

3

Alexandria Township Permits

Alexandria Township Commercial Building Permits

737 7

Land Units Sold

247

$254,000 $344,000

Average Sale Price

$102,280

Taxable Market Values Source: Douglas County

City Tax Rates Source: Douglas County

Douglas County is home to three public school districts and a number of private education options, serving over 5,200 students. Each school provides a strong education framework for students as well as providing additional cources and learning possibilities.

Alexandria Technical & Community College has 44 focused programs to choose from. The college’s connections to business and industry ensures currency and trade standards in its technical degrees, delivering a highly skilled workforce. ATCC is a member of the Minnesota State system, currently serves 2,377 students. www.alextech.edu

Education | K-12 & Higher Ed Source: https://rc.education.mn.gov/#staffing/orgId--10206000000__groupType--district__categories--T__p--31/orgId--10213000000__groupType--district__categories--T__p--31/ orgId--12908000000__groupType--district__categories--T__p--31

Districts

Website

S t u de n t E n r o llm e n t

S t u de n t / T e ac h e r R at i o

G r adu at i on R at e

Alexandria

www.alexschools.org

4,064

16 to 1

94%

www.b-e.k12.mn.us

439

16 to 1

97%

www.osakis.k12.mn.us

790

16 to 1

98%

Brandon-Evansville Osakis

Household Income

Lending Environment

Source: https://data.census.gov/cedsci/table?q=Douglas%20 County,%20Minnesota&t=Income%20%28Households,%20 Families,%20Individuals%29&tid=ACSST5Y2019.S1901

$

63,819

Median Household Income

Douglas County

Source: https://www7.fdic.gov/sod/sodInstBranchRpt.asp?sCounty=Douglas&sCityType=USPS&submit1=Continue&barItem=1

Institution American National Bank of MN Bell Bank Bremer Bank NA First Security Bank of Evansville

$

83,938

2019 Deposits

2020 Deposits

2021 Deposits

2020-2021 Difference

$12,952,000.00

$16,662,000.00

$22,984,000.00

38%

$137,432,000.00

$170,069,000.00

$237,969,000.00

40%

$308,994,000.00

$354,905,000.00

$425,146,000.00

20%

$17,298,000.00

$18,609,000.00

$21,205,000.00

14%

First Western Bank & Trust

$93,703,000.00

$105,991,000.00

$116,538,000.00

10%

Gate City Bank

$14,803,000.00

$20,703,000.00

$27,175,000.00

31%

Glenwood State Bank

$89,076,000.00

$106,383,000.00

$134,596,000.00

27%

Average Household Income

Hometown Community Bank

$11,523,000.00

$14,828,000.00

$16,604,000.00

12%

Douglas County

Kensington Bank

$43,641,000.00

$50,141,000.00

$54,352,000.00

8%

$16,541,059.00

$19,452,600.00

$23,954,000.00

23%

Mid Minnesota Federal Credit Union

$

52,984

Median Household Income

City of Alexandria

Neighborhood National Bank

$39,683,000.00

$44,633,000.00

$48,439,000.00

9%

The First National Bank of Osakis

$56,363,000.00

$62,825,000.00

$74,218,000.00

18%

US Bank NA

$62,383,000.00

$71,803,000.00

$81,108,000.00

13%

Vantage Bank

$14,325,000.00

$21,464,000.00

$32,945,000.00

53%

Viking Bank

$131,365,000.00

$144,724,000.00

$158,401,000.00

9%

Wells Fargo Bank NA

$110,746,000.00

$129,180,000.00

$141,966,000.00

10%

$1,144,287,000.00

$1,332,920,000.00

$1,617,600,000.000

21%

$167,871,000.00

$187,763,000.00

$182,428,000.00

-3%

$1,330,458,000.00

$1,603,997,000.00

$1,746,324,000.00

9%

$351,298,000.00

$383,911,000.00

$445,803,000.00

16%

Stearns County

$5,090,146,000.00

$5,987,771,000.00

$6,107,520,000.00

2%

Stevens County

$309,099,000.00

$372,802,000.00

$412,054,000.00

11%

$317,886,000.00

$371,896,000.00

$383,574,000.00

3%

Total Douglas County Deposits Grant County Ottertail County Pope County

Todd County

Alexandria Area Economic Development Commission | livingalexarea.org

Boundless recreation at beautiful lakes and parks. Top-notch education and healthcare facilities. All the dining, shopping and entertainment amenities you can think of.

Photos Courtesy of: LICIA MARIE PHOTOGRAPHY

Arts Centers

Over

5

Natural Beauty | Adventure

350

Lakes

110

Miles of Trail

23

Local Parks

Lake Carlos State Park Lake Carlos State Park’s 1,214 acres offer a variety of recreational activities. Clear and deep, Lake Carlos provides visitors a perfect setting for swimming, fishing, boating, camping, hiking, and horseback riding. In the winter, snowshoe and ski from the tamarack bog to a maple-basswood forest.

For continued demographic updates visit www.https://livingalexarea.org/demographics/