Biwabik, MN
Population 882 · Minnesota
About Biwabik, MN
Biwabik is a small community located in Minnesota with a population of 882 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,620 per year, which is 7% below the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Biwabik features a median home value of $109,500, which is 55% below the national median of $244,900. This makes Biwabik one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $725, 38% below the national average of $1,163/month. Of the 451 total housing units, 84% are owner-occupied (317 units) and 16% are renter-occupied (62 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Biwabik shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Biwabik have an average one-way commute time of 20.2 minutes.
Education & Demographics
33.8% of Biwabik 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, 1.7% Hispanic or Latino, 0.2% Black or African American, and 0.0% Asian residents, with 0.1% of the population being foreign-born.
Cost of Living in Biwabik, MN
Compared to national averages, Biwabik has a median household income of $69,620 (7% below the national median of $75,149). Home values average $109,500, which is 55% below the national median. Monthly rent at $725 is 38% below the US average of $1,163. Within Minnesota, Biwabik's income is 6% below the state average of $74,221, and home values are 46% below the state median of $204,472.
Why Live in Biwabik, MN?
Biwabik offers affordable housing with a median home value of $109,500, below the US average of $244,900, and rent that’s lower than the national average at $725/month, and a well-educated community where 33.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.8%, better than the national average, and short commute times averaging just 20.2 minutes.
Potential considerations include median household income ($69,620) that falls below the national average. However, Biwabik’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Biwabik has a population of 882 with a median age of 41.1 years. Compare Biwabik 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 Biwabik
What is the population of Biwabik, MN?
The population of Biwabik, MN is 882 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 Biwabik?
The median household income in Biwabik, MN is $69,620 per year, which is 7% below the national median of $75,149.
What is the median home value in Biwabik?
The median home value in Biwabik, MN is $109,500, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Biwabik?
The median monthly rent in Biwabik, MN is $725, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Biwabik?
The unemployment rate in Biwabik, MN is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Biwabik, MN a good place to live?
Biwabik offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 882 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Biwabik, MN?
33.8% of residents in Biwabik aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Biwabik?
Key cost-of-living indicators for Biwabik, MN: median home value is $109,500 (55% below national), median rent is $725/month, and median household income is $69,620. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Biwabik?
The poverty rate in Biwabik, MN is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Biwabik, MN?
Biwabik's population is 0.0% White, 1.7% Hispanic or Latino, 0.2% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.1% of residents are foreign-born.