Babbitt, MN
Full City Profile · Minnesota · Lake County County
3.0
/5.0
B
Good
1,420
Population
13/sq mi density
$54,318
Median Income
$33,127 per capita
$96,000
Home Value
$151,517 Zillow
$726
Median Rent
17.2% income on rent
37°F
Avg Temperature
146
Violent Crime/100K
73 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$54,318 median income, 4.7% unemployment
A+
Affordability
5.0 / 5.0
$96,000 home value, $726/mo rent
F
Safety
1.0 / 5.0
146 violent crimes/100K
C+
Education
2.5 / 5.0
19.1% bachelor's degree or higher
Income Overview
Median Household Income
$54,318
28% below
US avg: $75,149
Per Capita Income
$33,127
15% below
US avg: $39,052
Unemployment Rate
4.7%
31% above
US avg: 3.6%
Poverty Rate
8.2%
34% below
US avg: 12.4%
Income Comparison: Babbitt vs. U.S. Average
Each bar shows Babbitt’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$54,318
72%
Per Capita
US: $39,052
$33,127
85%
IRS Avg AGI
US: $72,000
$69,182
96%
Avg Weekly Wage
US: $1,432
$1,047
73%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,047
27% below US avg ($1,432)
Mean Commute Time
31 min
11% above US avg (28 min)
Work From Home
10.6%
30% below US avg (15.2%)
Drive Alone
78.5%
7% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$565M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
78.5%
Public Transit
0%
Work From Home
10.6%
Other
10.9%
Average commute time
31 minutes
US avg: 28 min
Business Landscape
Total Establishments
378
Restaurants
71
Healthcare
32
Retail
53
Manufacturing
19
Tax & Financial
IRS Avg Adjusted Gross Income
$69,182
4% below US avg ($72,000)
Avg Property Tax
$4,145
18% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $54,318 |
| Per Capita Income | $33,127 |
| IRS Avg Adjusted Gross Income | $69,182 |
| Avg Weekly Wage | $1,047 |
| County GDP | $565M |
Hardship Indicators
| Unemployment Rate | 4.7% |
| Poverty Rate | 8.2% |
| Gini Coefficient | 0.397 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 31 minutes |
| Drive Alone | 78.5% |
| Public Transit | 0.0% |
| Work From Home | 10.6% |
Businesses
| Total Establishments | 378 |
| Restaurants | 71 |
| Healthcare | 32 |
| Retail | 53 |
| Manufacturing | 19 |
Tax
| IRS Avg AGI | $69,182 |
| Avg Property Tax | $4,145 |