Living in Babbitt, Minnesota
Cost of living, income, home prices, rent and demographics of Babbitt · Census data 2020–2024
Babbitt has 1,393 residents with a median age of 54.4. The median household income is $55,875 (37% lower than the Minnesota median), the median home value is $102,300, the median rent is $737/month.
Babbitt is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Babbitt at a glance
- Population
- 1,393
- Median age
- 54.4State: 38.8
- Median household income
- $55,875State: $89,062
- Median home value
- $102,300State: $329,300
- Median rent
- $737/moState: $1,280
- Homeowners
- 87.4%
- Bachelor's degree or higher
- 16.9%
- Average commute
- 33 min
Is Babbitt a good place to live?
Pros: Home values 69% lower than the state median.
Cons: Median household income 37% lower than the Minnesota median; an average commute of 33 minutes; unemployment of 4.8%; a poverty rate of 10.5%.
The weather is best in June to September.
Cost of living in Babbitt
Housing is the biggest part of the cost of living. In Babbitt the median home value is $102,300, 69% lower than the U.S. median. Renters pay a median of $737 per month, which is 14.7% of household income. Homeowners with a mortgage pay $1,085 a month in housing costs.
Babbitt median household income
The median household income in Babbitt is $55,875 and the income per person is $34,390. 10.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Babbitt: homes for sale and rent
- Housing units
- 825
- Owner-occupied
- 87.4%
- Renter-occupied
- 12.6%
- Vacant
- 21.1%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.05
Babbitt demographics
- Population
- 1,393
- Median age
- 54.4
- Under 18
- 16.2%
- 65 and older
- 29.5%
- Households
- 651
- Foreign-born
- 2.5%
- Veterans
- 13.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Babbitt ›
Education in Babbitt
16.9% of adults 25 and older in Babbitt have a bachelor's degree or higher (Minnesota: 39.4%), and 6.1% have a graduate or professional degree.
Jobs and commute in Babbitt
- Unemployment rate
- 4.8%State: 4.1%
- Average commute
- 33 minState: 23 min
- Work from home
- 12.4%
- Drive alone
- 79%
- Public transit
- 0%
- Walk to work
- 1.8%
- Homes with broadband
- 84.9%
Babbitt vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Babbitt | 1,393 | $55,875 | $102,300 | $737 |
| Hoyt Lakes | 2,064 | $65,764 | $93,300 | $1,550 |
| Aurora | 1,792 | $42,083 | $97,600 | $509 |
| Ely | 3,240 | $43,901 | $157,300 | $627 |
| Soudan | 415 | $56,307 | $110,100 | $588 |
| Tower | 367 | $65,893 | $109,600 | $586 |
| Biwabik | 966 | $67,917 | $111,200 | $749 |
| Winton | 124 | $52,250 | $92,500 | $638 |
| Gilbert | 1,697 | $64,625 | $126,000 | $698 |
More for people moving to Babbitt
Babbitt ZIP code ›Weather and climate ›Living in Babbitt: FAQ
What is the median household income in Babbitt, MN?
The median household income in Babbitt is $55,875, 37% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Babbitt?
The median home value in Babbitt is $102,300, compared with $329,300 in Minnesota.
How much is rent in Babbitt?
The median gross rent in Babbitt is $737 per month, about 14.7% of household income.
Is Babbitt, MN a good place to live?
Pluses: home values 69% lower than the state median. Minuses: median household income 37% lower than the Minnesota median; an average commute of 33 minutes; unemployment of 4.8%; a poverty rate of 10.5%.
What is the median age in Babbitt?
The median age in Babbitt is 54.4 years (Minnesota: 38.8).
How long is the commute in Babbitt?
The average commute to work in Babbitt is 33 minutes; 12.4% of workers work from home.
What is the unemployment rate in Babbitt?
The unemployment rate in Babbitt is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Babbitt?
16.9% of adults in Babbitt have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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