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Beaver Bay, MN
Considering a move to Beaver Bay, MN? This peaceful community of about 120 offers affordable living, with median home prices at $187,000 and average rents around $780. Residents enjoy a low crime rate, short average commutes of 19.5 minutes, and easy access to scenic Lake Superior. With a high homeownership rate, excellent access to outdoor recreation, and a close-knit small-town feel, Beaver Bay is ideal for those seeking tranquility and natural beauty in northern Minnesota.
Beaver Bay is a small, close-knit community of about 120 residents, with a population density of 90 people per square mile and a median age of 57. The area is predominantly White, with a slightly higher number of males than females, and very few non-English speakers, reflecting its tranquil and homogenous character.
Living costs in Beaver Bay are affordable, with a median home value of $187,000 and average rents at $780, making it budget-friendly compared to national averages. Utilities and everyday expenses remain moderate, and state income tax rates range from 5.35% to 9.85%.
Beaver Bay boasts a very low crime rate, with only 60 violent crimes and 410 property crimes per 100,000 residents, making it a safe choice for families and retirees. The chance of experiencing a violent crime is just 1 in 1,667, far below most urban areas.
Beaver Bay experiences cold winters with lows around 2°F and mild summers reaching up to 74°F. The city receives about 29.5 inches of rainfall annually and enjoys sunshine roughly 48% of the year, offering a true northern Minnesota climate.
Residents of Beaver Bay enjoy a median household income of $49,500 and a relatively low poverty rate of 10.2%. The community is well-educated, with 92% holding at least a high school diploma, and most people commute less than 20 minutes to work.
Educational options include William Kelley School in nearby Silver Bay, offering small class sizes with a student-teacher ratio of 10.2. For higher education, Lake Superior College in Duluth is about 60 miles away, providing local students with accessible college opportunities.
Access to healthcare is strong, with Lake View Hospital located nearby in Two Harbors and 93.8% of residents covered by health insurance. The area maintains a favorable healthcare index and a physician-to-resident ratio that supports local needs.
The housing market in Beaver Bay features a median home price of $187,000 and a high owner-occupancy rate of 78.5%. Rental options are available with average two-bedroom rents at $780, and home values have appreciated by 6.2% in the past year.
Driver and vehicle services for Beaver Bay are managed by the Minnesota Department of Public Safety, with the main office located in St. Paul and comprehensive information available online. Residents can access a full range of DMV services through the state’s central resources.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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