Boyd, MN
Population 186 · Minnesota
About Boyd, MN
Boyd is a small community located in Minnesota with a population of 186 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,500 per year, which is 27% below the national median of $75,149. The median age of 37.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Boyd features a median home value of $26,100, which is 89% below the national median of $244,900. This makes Boyd one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 113 total housing units, 99% are owner-occupied (83 units) and 1% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Boyd shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 29.0%, above the national average of 12.4%. Workers in Boyd have an average one-way commute time of 19.6 minutes, one of the shorter commutes in the region.
Education & Demographics
13.3% of Boyd residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 20.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 3.8% Asian residents, with 2.2% of the population being foreign-born.
How Boyd Ranks in Minnesota
Cost of Living in Boyd, MN
Compared to national averages, Boyd has a median household income of $54,500 (27% below the national median of $75,149). Home values average $26,100, which is 89% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Boyd's income is 27% below the state average of $74,221, and home values are 87% below the state median of $204,472.
Why Live in Boyd, MN?
Boyd offers affordable housing with a median home value of $26,100, 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 3.1%. Additionally, the city features short commute times averaging just 19.6 minutes.
Potential considerations include median household income ($54,500) that falls below the national average. However, Boyd’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Boyd has a population of 186 with a median age of 37.8 years. Compare Boyd with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Economy & Education
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Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Boyd
What is the population of Boyd, MN?
The population of Boyd, MN is 186 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 Boyd?
The median household income in Boyd, MN is $54,500 per year, which is 27% below the national median of $75,149.
What is the median home value in Boyd?
The median home value in Boyd, MN is $26,100, which is 89% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Boyd?
The median monthly rent in Boyd, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Boyd?
The unemployment rate in Boyd, MN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Boyd, MN a good place to live?
Boyd offers a moderate cost of living, affordable housing, and a strong job market. With a population of 186 and a median age of 37.8, the city appeals to a broad range of residents.
How educated is Boyd, MN?
13.3% of residents in Boyd 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 Boyd?
Key cost-of-living indicators for Boyd, MN: median home value is $26,100 (89% below national), median rent is $0/month, and median household income is $54,500. The home-value-to-income ratio is 0.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Boyd?
The poverty rate in Boyd, MN is 29.0%, 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 Boyd, MN?
Boyd's population is 20.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 3.8% Asian, and 0.0% two or more races. 2.2% of residents are foreign-born.