Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 58.7 yrs |
|---|---|
| Avg HH Size | 2.18 |
| Below Poverty | 13.3% ▲ 33% above avg |
| College Grads | 42.3% ▲ 9% above 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 |
| Home/Income Ratio | 4.3x (nat avg ~3.5x) |
| Total Housing Units | 109 |
| Vacant Units | 47 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Beaver Bay is a city in Minnesota, located in Lake County. The city spans 1 ZIP code and is home to approximately 135 residents. It is an older city, with a median age of 58.7 years.
Economically, Beaver Bay is a working-class community. The median household income of $54,375 is below the national average. Approximately 13.3% of residents live below the poverty line.
The real estate market in Beaver Bay is an affordable housing market. Median home values stand at $232,700, which is below the national average. Homeownership is high at 88.7%, typical of suburban and family-oriented communities.
The population of Beaver Bay is well-educated. 42.3% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (94.81%).
Beaver Bay, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55601 | 135 | $54,375 | $232,700 | — | 0.0% | 42.3% | 88.7% |