Douglas County
Econ om i c D e ve l o pme nt P ro fil e | 2 0 19
Population 21,630
Dougl as County
37,964
2.6%
Dougl as Coun ty
Re sid ents Wo r k fo rce & Un e m p l oy me n t R a t e
Housing $197,200
Me dian Value of Homes
$58,667
Median Household Income
Education 46.5%
As so ciate’s or Hi gher
92%
98%
Jo b Pl a cem e n t r a t e fo r ATC C st uden 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 congestion‌that’s Living Alexandria Area!
Current age of Population 2018 | 37,964
birth to 19 2010 | 36,009 2000 | 32,821
8,895 People age 20 to 44
1990 | 28,674
Population 24% Growth Douglas County
10,486 People age 45 to 64
Population projections
9,932 People age 65 +
8,651 People
Alexandria Area Economic Development Commission | livingalexarea.org
Our area is industries
home
to
including
many diverse
Top Industries & Employment
Manufacturing,
Healthcare, Service, Tourism, and Retail to name a few. Over 4,600 companies have found that our area offers a balance not only for their business but 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. Local
business
draws
approximately 18,744 from throughout the region to work within Douglas County.
Natural Resources - 98
Douglas County residents make The remaining 6,282 come from
surrounding
counties
which
Trade, Transportation & utilities 4,087 (24%)
Information 213 Public admin 679
up 66.5% of the workforce.
Education & Health Services 4,725 (28%)
makes
Douglas County a Net Importer of labor bringing in more than it sends out. Source: onthemap.ces.census.gov/
Financial Services 748 Professional Services 897 Construction 865
Hospitality 2,068 (12%)
Manufacturing 3,577 (21%)
Workforce & Unemployment Rates 7,674
21,630
3,036,377
Alexandria
Douglas County
Minnesota
2.9%
2.6%
3%
Douglas County
Minnesota
Alexandria
Top 10 Large Employers
Industry
Alomere Health
Healthcare
950
Douglas Machine, Inc.
Manufacturing
700
Alexandria Public Schools
Education
606
Knute Nelson
Healthcare
493
Alexandria Industries
Manufacturing
446
3M – Alexandria
Manufacturing
400
Douglas County
Government
324
Central Specialties
Construction
300
Arrowwood & Conference Center
Hospitality
285
Brenton Engineering
Manufacturing
280
Industry Wee kly Wages
Number of Employees
Alexandria Area Economic Development Commission | livingalexarea.org
Douglas County offers a range of residential, industrial and commercial property opportunities. The area has seen an overall increase in the number of properties sold in the area since 2014, with single family home sales increasing 39%. Douglas County’s current rental market has a vacancy rate of 7.6%.
Real Estate & Building ALEXANDRIA HOUSEHOLDS
6,479
DOUGLAS COUNTY HOUSEHOLDS
16,175
2018 properties sold
Units sold
Average Sale price
Average days On market
970
771
Residential
639
$254,225
151
Alexandria Permits
Douglas county Permits
Farm with Building
0
0
0
Land
146
$111,515
546
Commercial
32
$318,000
491
38
13
Alexandria Commercial Building Permits
Douglas county Commercial Building Permits
Source: Greater Alexandria Area Association of Realtors
Taxable Market Values
City Tax Rates
Pull Factors 4.50 4.00
There are several ways to measure performance other than dollars of sales. Economists
3.50 3.00
expect cities of larger populations to have more sales since their potential customer base is
2.50
larger. A way to compensate for that in a retail trade analysis is to measure the pull factor,
2.00
which compares the local taxable sales per capita to that of the state. A pull factor index
1.50
higher than 1.0 usually indicates that businesses are pulling in customers from outside their community. The pull factor for Alexandria has grown from 2.74 at the end of the great recession to 3.09 today.
Source: University of MN, Extension 2016 RTA
1.00 0.50 0.00 Alexandria
Bemidji
Detroit Lakes
Fergus Falls
Douglas County is home to three public school districts and a number of private education options, serving over 4,800 students. Each school provides a strong education framework for students as well as providing additional cources and learning possibilities.
Alexandria Technical & Community College is ranked 4th best Community College in the nation, and #1 in all Minnesota State institutions for the best graduation rate. 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 3,927 students. | www.alextech.edu
Education | K-12 & Higher Ed 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.alexandria.k12.mn.us
3,667
16 to 1
88%
www.b-e.k12.mn.us
406
14 to 1
90%
www.osakis.k12.mn.us
762
16 to 1
98%
Brandon-Evansville Osakis
Hous ehold Income $
58,667
Median Household Income
Douglas County
Lending Environment Institution American National Bank of MN
2017 Deposits
2018 Deposits
2019 Deposits
2018-2019 Difference
$14,199,000.00
$13,125,000.00
$12,952,000.00
-8%
$103,585,000.00
$120,972,000.00
$137,432,000.00
14%
BlackRidge BANK
$87,203,000.00
$86,840,000.00
$93,703,000.00
8%
Bremer Bank NA
Bell Bank
$267,145,000.00
$300,869,000.00
$308,994,000.00
3%
First Security Bank of Evansville
$16,868,000.00
$15,565,000.00
$17,298,000.00
11%
Gate City Bank
$12,024,000.00
$11,956,000.00
$14,803,000.00
24%
Average Household Income
Glenwood State Bank
$77,180,000.00
$87,525,000.00
$89,076,000.00
2%
Douglas County
Hometown Community Bank
$12,485,000.00
$12,532,000.00
$11,523,000.00
-8%
Kensington Bank
$42,545,000.00
$44,940,000.00
$43,641,000.00
-3%
$
76,619
Mid Minnesota Federal Credit Union
$
46,009
Median Household Income
City of Alexandria
$9,859,828.00
$12,986,816.00
$16,541,059.00
27%
Neighborhood National Bank
$39,265,000.00
$41,267,000.00
$39,683,000.00
-4%
The First National Bank of Osakis
$50,775,000.00
$53,015,000.00
$56,363,000.00
6%
US Bank NA
$63,513,000.00
$61,893,000.00
$62,383,000.00
1%
Vantage Bank
$8,754,000.00
$11,094,000.00
$14,325,000.00
29%
Viking Bank
$128,498,000.00
$124,499,000.00
$131,365,000.00
6%
Wells Fargo Bank NA
$116,136,000.00
$113,055,000.00
$110,746,000.00
-2%
$1,040,175,000.00
$1,099,147,000.00
$1,144,287,000.00
4%
$165,523,000.00
$172,058,000.00
$167,871,000.00
-2%
$1,277,677,000.00
$1,275,805,000.00
$1,330,458,000.00
4%
Total Douglas County Deposits Grant County Ottertail County Pope County Stearns County Todd County
$302,397,000.00
$314,846,000.00
$351,298,000.00
12%
$4,711,495,000.00
$4,805,025,000.00
$5,090,146,000.00
6%
$312,597,000.00
$328,317,000.00
$317,886,000.00
-3%
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: Totem Ent.
Arts Centers
Over
5
Natural Beauty | Adventure
350
Lakes
110
Miles of Trail
Lake Carlos State Park Lake Carlos State Park’s 1,214 acres offer a variety of recreational activities. Clear and deep, Lake Carlos offers 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.
23
Local Parks