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Beaver Bay, MN
Full City Profile · Minnesota · Lake County County
3.0
/5.0
B
Good
90
Population
113/sq mi density
$48,333
Median Income
$32,324 per capita
$215,600
Home Value
$162,839 Zillow
39°F
Avg Temperature
249 sunny days/yr
108
Violent Crime/100K
271 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$48,333 median income, 0.0% unemployment
A
Affordability
4.2 / 5.0
$215,600 home value, /mo rent
F
Safety
1.0 / 5.0
108 violent crimes/100K
B
Education
3.2 / 5.0
26.9% bachelor's degree or higher
Income Overview
Median Household Income
$48,333
36% below
US avg: $75,149
Per Capita Income
$32,324
17% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
8.0%
35% below
US avg: 12.4%
Income Comparison: Beaver Bay vs. U.S. Average
Each bar shows Beaver Bay’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$48,333
64%
Per Capita
US: $39,052
$32,324
83%
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
22 min
21% below US avg (28 min)
Work From Home
10.3%
32% below US avg (15.2%)
Drive Alone
66.7%
9% below 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
66.7%
Public Transit
0%
Work From Home
10.3%
Other
23%
Average commute time
22 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 | $48,333 |
| Per Capita Income | $32,324 |
| IRS Avg Adjusted Gross Income | $69,182 |
| Avg Weekly Wage | $1,047 |
| County GDP | $565M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 8.0% |
| Gini Coefficient | 0.397 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 22 minutes |
| Drive Alone | 66.7% |
| Public Transit | 0.0% |
| Work From Home | 10.3% |
Businesses
| Total Establishments | 378 |
| Restaurants | 71 |
| Healthcare | 32 |
| Retail | 53 |
| Manufacturing | 19 |
Tax
| IRS Avg AGI | $69,182 |
| Avg Property Tax | $4,145 |