Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.8 yrs |
|---|---|
| Avg HH Size | 2.54 |
| Below Poverty | 11.0% ▲ 10% above avg |
| College Grads | 37.9% ≈ Avg |
| Unemployment | 5.2% ≈ Avg |
| No HS Diploma | 5 (0.2%) |
| HS Graduate | 900 (30.8%) |
| Some College | 429 (14.7%) |
| Associates | 480 (16.4%) |
| Bachelors | 511 (17.5%) |
| Graduate Degree | 598 (20.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $71,163 ≈ Avg |
|---|---|
| Median Home Value | $206,300 ▼ 26% below avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $925/mo |
| Total Housing Units | 2,479 |
| Vacant Units | 805 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Bovey is a city in Minnesota, located in Itasca County. The city spans 1 ZIP code and is home to approximately 4,314 residents. It is a mature city, with a median age of 47.8 years.
Economically, Bovey is a solidly middle-class community. The median household income of $71,163 is near the national average. Approximately 11.0% of residents live below the poverty line. The unemployment rate is 5.2%, near the national average.
The real estate market in Bovey is an affordable housing market. Median home values stand at $206,300, which is below the national average. Renters typically pay around $925 per month. Homeownership is high at 90.0%, typical of suburban and family-oriented communities.
The population of Bovey is moderately educated. 37.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.21%).
Bovey, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55709 | 4,314 | $71,163 | $206,300 | $925 | 5.2% | 37.9% | 90.0% |