Beaver Bay, MN
Population 90 · Minnesota
About Beaver Bay, MN
Beaver Bay is a small community located in Minnesota with a population of 90 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,333 per year, which is 36% below the national median of $75,149. The median age of 58.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Beaver Bay features a median home value of $215,600, which is 12% below the national median of $244,900. This positions Beaver Bay in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 73 total housing units, 85% are owner-occupied (41 units) and 15% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Beaver Bay shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 20.0%, above the national average of 12.4%. Workers in Beaver Bay have an average one-way commute time of 21.7 minutes.
Education & Demographics
26.9% of Beaver Bay residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 6.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 6.7% of the population being foreign-born.
Cost of Living in Beaver Bay, MN
Compared to national averages, Beaver Bay has a median household income of $48,333 (36% below the national median of $75,149). Home values average $215,600, which is 12% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Beaver Bay's income is 35% below the state average of $74,221, and home values are 5% above the state median of $204,472.
Why Live in Beaver Bay, MN?
Beaver Bay offers affordable housing with a median home value of $215,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($48,333) that falls below the national average. However, Beaver Bay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Beaver Bay has a population of 90 with a median age of 58.8 years. Compare Beaver Bay with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Beaver Bay
What is the population of Beaver Bay, MN?
The population of Beaver Bay, MN is 90 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Beaver Bay?
The median household income in Beaver Bay, MN is $48,333 per year, which is 36% below the national median of $75,149.
What is the median home value in Beaver Bay?
The median home value in Beaver Bay, MN is $215,600, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Beaver Bay?
The median monthly rent in Beaver Bay, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Beaver Bay?
The unemployment rate in Beaver Bay, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Beaver Bay, MN a good place to live?
Beaver Bay offers a moderate cost of living, affordable housing, and a strong job market. With a population of 90 and a median age of 58.8, the city appeals to established professionals and retirees.
How educated is Beaver Bay, MN?
26.9% of residents in Beaver Bay aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Beaver Bay?
Key cost-of-living indicators for Beaver Bay, MN: median home value is $215,600 (12% below national), median rent is $0/month, and median household income is $48,333. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Beaver Bay?
The poverty rate in Beaver Bay, MN is 20.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Beaver Bay, MN?
Beaver Bay's population is 0.0% White, 6.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 6.7% of residents are foreign-born.