| ZIP Code | 55601 |
|---|---|
| City | Beaver Bay |
| State | Minnesota (MN) |
| County | Lake County |
| Area Code | 218 |
| Elevation | 668 ft |
| Latitude | 47.235637 |
|---|---|
| Longitude | -91.365953 |
| Timezone | Chicago (DST) |
| FIPS | 27075 |
| ZIP Type | PO Box |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 58.7 yrs ↓ 7% since 2019 |
|---|---|
| Avg Household Size | 2.18 |
| Below Poverty | 13.3% ▲ 33% above avg |
| College Grads | 42.3% ▲ 9% above avg |
| Unemployment | 0.0% ▼ 100% below avg |
| HS Graduate | 21 (21.6%) |
| Some College | 16 (16.5%) |
| Associates | 19 (19.6%) |
| Bachelors | 24 (24.7%) |
| Graduate Degree | 17 (17.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $54,375 ▼ 29% below avg |
|---|---|
| Median Home Value | $232,700 ▼ 17% below avg ↓ 13% since 2019 |
| Home/Income Ratio | 4.3x (nat avg ~3.5x) |
| Total Units | 109 |
| Vacant Units | 47 |
| Avg HH Size | 2.18 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 109 |
|---|---|
| Vacant | 47 |
| Owner Occupied | 88.7% |
| Renter Occupied | 11.3% |
| Avg HH Size | 2.18 |
ZIP code 55601 is located in Beaver Bay, Minnesota, within Lake County. With a population of 135, this is a sparsely populated ZIP code with an older community — the median age is 58.7 years. Economically, 55601 is a working-class ZIP code: the median household income of $54,375 is below the national average.
Real estate in ZIP code 55601 represents an affordable housing market. The median home value of $232,700 is below the national average. Homeownership is strong here — 88.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 13% since 2019.
The population of 55601 is primarily White (94.81%). Residents are well-educated — 42.3% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 13.3%.
As in most parts of the country, driving alone is the dominant commute mode at 67%.
Overall, ZIP code 55601 in Beaver Bay, MN is characterized as working-class, well-educated, an older community, and predominantly owner-occupied. With 135 residents, a median household income of $54,375, and a median home value of $232,700, it offers a clear picture of life in this part of Minnesota.