Living in Bovey, Minnesota
Cost of living, income, home prices, rent and demographics of Bovey · Census data 2020–2024
Bovey has 646 residents with a median age of 30.1. The median household income is $64,083 (28% lower than the Minnesota median), the median home value is $122,800, the median rent is $948/month.
Bovey is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bovey at a glance
- Population
- 646
- Median age
- 30.1State: 38.8
- Median household income
- $64,083State: $89,062
- Median home value
- $122,800State: $329,300
- Median rent
- $948/moState: $1,280
- Homeowners
- 71.7%
- Bachelor's degree or higher
- 15.3%
- Average commute
- 23 min
Is Bovey a good place to live?
Pros: Home values 63% lower than the state median.
Cons: Median household income 28% lower than the Minnesota median; an average commute of 23 minutes; a poverty rate of 18.7%.
The weather is best in June to September.
Cost of living in Bovey
Housing is the biggest part of the cost of living. In Bovey the median home value is $122,800, 63% lower than the U.S. median. Renters pay a median of $948 per month, which is 23.8% of household income. Homeowners with a mortgage pay $964 a month in housing costs.
Bovey median household income
The median household income in Bovey is $64,083 and the income per person is $29,075. 18.7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Bovey: homes for sale and rent
- Housing units
- 304
- Owner-occupied
- 71.7%
- Renter-occupied
- 28.3%
- Vacant
- 11.5%Includes seasonal homes
- Median year built
- 1943
- Average household size
- 2.36
Bovey demographics
- Population
- 646
- Median age
- 30.1
- Under 18
- 27.4%
- 65 and older
- 10.1%
- Households
- 269
- Foreign-born
- 0%
- Veterans
- 10.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Bovey ›
Education in Bovey
15.3% of adults 25 and older in Bovey have a bachelor's degree or higher (Minnesota: 39.4%), and 9% have a graduate or professional degree.
Jobs and commute in Bovey
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 23 minState: 23 min
- Work from home
- 9.3%
- Drive alone
- 73.5%
- Public transit
- 0.3%
- Walk to work
- 0%
- Homes with broadband
- 79.2%
Bovey vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bovey | 646 | $64,083 | $122,800 | $948 |
| Taconite | 468 | $84,375 | $219,600 | $2,625 |
| Coleraine | 2,150 | $74,716 | $211,800 | $1,167 |
| Marble | 669 | $53,958 | $102,500 | $658 |
| La Prairie | 592 | $69,375 | $212,800 | $725 |
| Calumet | 279 | $43,036 | $110,800 | $645 |
| Grand Rapids | 11,207 | $61,029 | $213,800 | $1,090 |
| Nashwauk | 926 | $57,589 | $112,300 | $688 |
| Cohasset | 2,703 | $92,692 | $330,500 | $827 |
More for people moving to Bovey
Bovey ZIP code ›Weather and climate ›Living in Bovey: FAQ
What is the median household income in Bovey, MN?
The median household income in Bovey is $64,083, 28% 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 Bovey?
The median home value in Bovey is $122,800, compared with $329,300 in Minnesota.
How much is rent in Bovey?
The median gross rent in Bovey is $948 per month, about 23.8% of household income.
Is Bovey, MN a good place to live?
Pluses: home values 63% lower than the state median. Minuses: median household income 28% lower than the Minnesota median; an average commute of 23 minutes; a poverty rate of 18.7%.
What is the median age in Bovey?
The median age in Bovey is 30.1 years (Minnesota: 38.8).
How long is the commute in Bovey?
The average commute to work in Bovey is 23 minutes; 9.3% of workers work from home.
What is the unemployment rate in Bovey?
The unemployment rate in Bovey is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bovey?
15.3% of adults in Bovey 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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