Everything You Should Know Before Moving to 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.
Demographics - Beaver Bay, MN
Demographics - Beaver Bay, MN
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.
Population:
120
Density:
90 per sq mi
Median Age:
57
Gender Ratio:
108 males per 100 females
Non-English Speakers Percentage:
2.5%
Ethnic Composition
White:
94.5%
Black:
0.0%
Asian:
0.0%
Others:
5.5%
Cost Of Living
What is the average cost of living in Beaver Bay, MN?
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%.
Median House Value:
$187,000
Gross Rent:
$780
Monthly Electricity Charges:
$120
Auto Insurance:
$1,225
House Owner Cost With Mortgage:
$1,220
House Owner Cost Without Mortgage:
$470
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
93.5
Grocery:
96.1
Housing:
72.0
Utilities:
96.7
Transportation:
98.3
Health Care:
103.2
Miscellaneous:
98.8
Crime
Is Beaver Bay, MN a safe place to live?
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.
Violent Crimes Per 100k:
60
Property Crimes Per 100k:
410
Crime Index:
470
Chance Of Violent Crime:
1 in 1,667
Chance Of Property Crime:
1 in 244
Weather
What is the weather like in Beaver Bay, MN year-round?
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.
Winter
Min:
2°F
Max:
22°F
Spring
Min:
30°F
Max:
56°F
Summer
Min:
51°F
Max:
74°F
Fall
Min:
34°F
Max:
57°F
Average Rainfall Inches:
29.5 inches
Sunny Days Percentage:
48%
Neighbors
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.
Median Income:
$31,000
Household Income:
$49,500
Family Income:
$62,000
Per Capita Income:
$30,700
Income Male:
$33,500
Income Female:
$27,800
Poverty Rate:
10.2%
Non English Speakers:
2.5%
Rent:
$780
Unemployment Rate:
4.3%
Public Transport Usage:
0.0%
Commute Time:
19.5 minutes
Education
High School or Higher:
92.0%
Bachelors or More:
19.5%
Education
How are the schools in Beaver Bay, MN?
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.
Public Schools
Name:
William Kelley School
Street:
137 Banks Blvd, Silver Bay, MN 55614
Phone:
218-226-4437
Students:
340
Student Teacher Ratio:
10.2
Colleges
Name:
Lake Superior College
City:
Duluth
State:
MN
Distance:
60 miles
Students:
5,400
Healthcare
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.
Major Hospitals
Name:
Lake View Hospital
Address:
325 11th Ave, Two Harbors, MN 55616
Phone:
(218) 834-7700
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.4
Health Insurance Coverage:
93.8%
Health Care Index:
79.2
Housing Market
What is the housing market like in Beaver Bay, MN?
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.
Median Home Price:
$187,000
Average Rent For 2 Bedroom:
$780
Owner Occupied Rate:
78.5%
Rental Vacancy Rate:
11.1%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
0.8%
Foreclosure Rate:
0.3%
DMV Information
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.
State:
Minnesota
Department:
Minnesota Department of Public Safety - Driver and Vehicle Services
Address:
445 Minnesota St, Suite 190, St. Paul, MN 55101
Phone:
651-297-2126
Website:
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.