Beaver Bay, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Beaver Bay, MN: Quick Facts & Overview
- Population: 82 residents (40 people per sq. mi.)
- Average House Price: $239,852
- Average Household Income: $36,875
Beaver Bay, MN is located in the state of Minnesota. It is home to about 82 people, with around 40 residents living in every square mile.
If you want to buy a house in Beaver Bay, the average price is around $239,852. That makes local housing 8% lower than the Minnesota average of $260,056, and 22% lower than the national average of $308,592.
The average household in Beaver Bay earns about $36,875 a year. This income is 55% lower than the average family in Minnesota ($82,068), and 53% lower than the national average ($78,686).
Population
82
Median Household Income
$36,875
Median Home Value
$239,852
Median Age
63.2 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $28,750 |
| Labor Force Participation | 41.9% |
| Unemployment Rate | - |
| Average Commute Time | 10.7 mins |
Housing & Community Metrics
| Home Ownership Rate | 95.8% |
| Median Rent | - |
| Rent Burdened (>30% Income) | - |
| Total Housing Units | 48 |
Additional Census & Housing Profile
Geographic Overview
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 39.6/sq mi |
| Coordinates (lat/lng) | 47.2563, -91.3065 |
| Timezone | America/Chicago |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 2.33 |
| Dual Income Families | 58.3% |
Marital Status
| Married | 62.2% |
| Never Married | 20.3% |
| Divorced | 8.1% |
| Widowed | 9.5% |
Gender
| Male | 54.9% |
| Female | 45.1% |
Health & Poverty
| Uninsured Rate (Health) | 3.7% |
| Poverty Rate | 23.2% |
Key Population Groups
| Veterans | 16.2% |
| Disabled Population | 18.3% |
| Limited English Proficiency | - |
All ZIP Codes in Beaver Bay
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55601 | 128 | $56,250 | $242,739 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Silver Bay, MN | 2.9 miles | 1,769 |
| Finland, MN | 12.1 miles | 257 |
| Two Harbors, MN | 23.3 miles | 3,567 |
| Cornucopia, WI | 29.2 miles | 108 |
| Knife River, MN | 30.9 miles | 131 |
| Port Wing, WI | 33.4 miles | 148 |
| Bayfield, WI | 38.1 miles | 565 |
| Babbitt, MN | 40.1 miles | 1,393 |
| Lutsen, MN | 40.7 miles | 222 |
| Hoyt Lakes, MN | 43.3 miles | 2,064 |
| Washburn, WI | 44.3 miles | 1,884 |
| Rice Lake, MN | 45.3 miles | 4,153 |
| Aurora, MN | 47.6 miles | 1,792 |
| Iron River, WI | 47.9 miles | 826 |
| Brule, WI | 49.8 miles | 162 |
| Bayfront, WI | 50.1 miles | 135 |
| Ashland, WI | 51 miles | 7,902 |