Cost of Living in Beaver Bay, MN
Population: 90 | Minnesota
Beaver Bay is 9% less expensive than the national average.
Cost of Living in Beaver Bay, MN: What You Need to Know
With a cost of living index of 91, Beaver Bay, MN is slightly more affordable than average. Living here is 9% cheaper than the national average and 9% above the Minnesota state average of 82. Beaver Bay is a small community of 90 residents.
The median household income in Beaver Bay is $48,333, which is 36% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $48,333
- vs US Median ($75,149)
- -36%
Housing
- Median Home Value
- $215,600
- Median Monthly Housing Cost
- $900/mo