Living in Beaver Bay, Minnesota
Cost of living, income, home prices, rent and demographics of Beaver Bay · Census data 2020–2024
Beaver Bay has 82 residents with a median age of 63.2. The median household income is $36,875 (59% lower than the Minnesota median), the median home value is $238,200.
Beaver Bay is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Beaver Bay at a glance
- Population
- 82
- Median age
- 63.2State: 38.8
- Median household income
- $36,875State: $89,062
- Median home value
- $238,200State: $329,300
- Homeowners
- 95.8%
- Bachelor's degree or higher
- 21.6%
- Average commute
- 11 min
Is Beaver Bay a good place to live?
Pros: Home values 28% lower than the state median; an average commute of 11 minutes.
Cons: Median household income 59% lower than the Minnesota median; a poverty rate of 23.2%.
The weather is best in June to September.
Cost of living in Beaver Bay
Housing is the biggest part of the cost of living. In Beaver Bay the median home value is $238,200, 28% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,604 a month in housing costs.
Beaver Bay median household income
The median household income in Beaver Bay is $36,875 and the income per person is $32,196. 23.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Beaver Bay: homes for sale and rent
- Housing units
- 71
- Owner-occupied
- 95.8%
- Renter-occupied
- 4.2%
- Vacant
- 32.4%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 1.71
32.4% of homes are vacant most of the year, a sign that Beaver Bay has many vacation and second homes.
Beaver Bay demographics
- Population
- 82
- Median age
- 63.2
- Under 18
- 9.8%
- 65 and older
- 45.1%
- Households
- 48
- Foreign-born
- 8.5%
- Veterans
- 16.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Beaver Bay ›
Education in Beaver Bay
21.6% of adults 25 and older in Beaver Bay have a bachelor's degree or higher (Minnesota: 39.4%), and 10.8% have a graduate or professional degree.
Jobs and commute in Beaver Bay
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 11 minState: 23 min
- Work from home
- 12.9%
- Drive alone
- 64.5%
- Public transit
- 0%
- Walk to work
- 9.7%
- Homes with broadband
- 72.9%
Beaver Bay vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Beaver Bay | 82 | $36,875 | $238,200 | — |
| Silver Bay | 1,769 | $69,489 | $158,900 | $1,140 |
| Finland | 257 | $53,500 | $181,700 | $679 |
| Two Harbors | 3,567 | $65,625 | $206,800 | $1,079 |
| Cornucopia | 108 | $104,375 | $279,400 | — |
| Knife River | 131 | $78,208 | — | — |
| Port Wing | 148 | $52,500 | $162,500 | — |
| Bayfield | 565 | $70,982 | $320,100 | $1,142 |
| Babbitt | 1,393 | $55,875 | $102,300 | $737 |
More for people moving to Beaver Bay
Beaver Bay ZIP code ›Weather and climate ›Living in Beaver Bay: FAQ
What is the median household income in Beaver Bay, MN?
The median household income in Beaver Bay is $36,875, 59% 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 Beaver Bay?
The median home value in Beaver Bay is $238,200, compared with $329,300 in Minnesota.
Is Beaver Bay, MN a good place to live?
Pluses: home values 28% lower than the state median; an average commute of 11 minutes. Minuses: median household income 59% lower than the Minnesota median; a poverty rate of 23.2%.
What is the median age in Beaver Bay?
The median age in Beaver Bay is 63.2 years (Minnesota: 38.8).
How long is the commute in Beaver Bay?
The average commute to work in Beaver Bay is 11 minutes; 12.9% of workers work from home.
What is the unemployment rate in Beaver Bay?
The unemployment rate in Beaver Bay is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Beaver Bay?
21.6% of adults in Beaver Bay 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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