Living in Boyd, Minnesota
Cost of living, income, home prices, rent and demographics of Boyd · Census data 2020–2024
Boyd has 172 residents with a median age of 37.1. The median household income is $54,375 (39% lower than the Minnesota median), the median home value is $27,500, the median rent is $535/month.
Boyd is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Boyd at a glance
- Population
- 172
- Median age
- 37.1State: 38.8
- Median household income
- $54,375State: $89,062
- Median home value
- $27,500State: $329,300
- Median rent
- $535/moState: $1,280
- Homeowners
- 91.8%
- Bachelor's degree or higher
- 19.1%
- Average commute
- 16 min
Is Boyd a good place to live?
Pros: Home values 92% lower than the state median; an average commute of 16 minutes; unemployment of 3.3%.
Cons: Median household income 39% lower than the Minnesota median; a poverty rate of 27.9%.
The weather is best in June to September.
Cost of living in Boyd
Housing is the biggest part of the cost of living. In Boyd the median home value is $27,500, 92% lower than the U.S. median. Renters pay a median of $535 per month, which is 17.5% of household income. Homeowners with a mortgage pay $588 a month in housing costs.
Boyd median household income
The median household income in Boyd is $54,375 and the income per person is $31,880. 27.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Boyd: homes for sale and rent
- Housing units
- 115
- Owner-occupied
- 91.8%
- Renter-occupied
- 8.2%
- Vacant
- 26.1%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.02
Boyd demographics
- Population
- 172
- Median age
- 37.1
- Under 18
- 23.8%
- 65 and older
- 12.8%
- Households
- 85
- Foreign-born
- 1.7%
- Veterans
- 23.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Boyd ›
Education in Boyd
19.1% of adults 25 and older in Boyd have a bachelor's degree or higher (Minnesota: 39.4%), and 0% have a graduate or professional degree.
Jobs and commute in Boyd
- Unemployment rate
- 3.3%State: 4.1%
- Average commute
- 16 minState: 23 min
- Work from home
- 2.5%
- Drive alone
- 82.7%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 81.2%
Boyd vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Boyd | 172 | $54,375 | $27,500 | $535 |
| Clarkfield | 913 | $63,359 | $95,600 | $833 |
| Dawson | 1,513 | $68,929 | $137,500 | $586 |
| Montevideo | 5,315 | $68,596 | $141,000 | $851 |
| St. Leo | 153 | $62,083 | — | $920 |
| Watson | 200 | $34,722 | $68,400 | $741 |
| Hanley Falls | 248 | $61,563 | $75,300 | $630 |
| Granite Falls | 2,685 | $59,375 | $136,700 | $920 |
| Madison | 1,550 | $61,172 | $97,000 | $838 |
More for people moving to Boyd
Boyd ZIP code ›Weather and climate ›Living in Boyd: FAQ
What is the median household income in Boyd, MN?
The median household income in Boyd is $54,375, 39% 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 Boyd?
The median home value in Boyd is $27,500, compared with $329,300 in Minnesota.
How much is rent in Boyd?
The median gross rent in Boyd is $535 per month, about 17.5% of household income.
Is Boyd, MN a good place to live?
Pluses: home values 92% lower than the state median; an average commute of 16 minutes; unemployment of 3.3%. Minuses: median household income 39% lower than the Minnesota median; a poverty rate of 27.9%.
What is the median age in Boyd?
The median age in Boyd is 37.1 years (Minnesota: 38.8).
How long is the commute in Boyd?
The average commute to work in Boyd is 16 minutes; 2.5% of workers work from home.
What is the unemployment rate in Boyd?
The unemployment rate in Boyd is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Boyd?
19.1% of adults in Boyd 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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