Beaver Bay, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Beaver Bay, Minnesota had a total population of 82, the 818th largest city in Minnesota, with a median household income of $36,875, which is 59% lower than the state average. The poverty rate is 23.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 59% below the state average, indicating significant economic challenges.
Beaver Bay Quick Facts
How Beaver Bay Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 90 | 82 | -8.9% |
| Median household income | $48,333 | $36,875 | -23.7% |
| Median home value | $215,600 | $238,200 | +10.5% |
How Beaver Bay Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Beaver Bay Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Lake County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Two Harbors | 3,567 | $65,625 | 11.7% | $206,800 |
| Silver Bay | 1,769 | $69,489 | 9.9% | $158,900 |
| Finland | 257 | $53,500 | 19.8% | $181,700 |
| Knife River | 131 | $78,208 | 10.7% | N/A |
Cities Similar to Beaver Bay
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Vining | 86 | N/A | $125,000 | 6.1% | 7.0% |
| Effie | 77 | N/A | N/A | 8.2% | 3.9% |
| Essig | 76 | N/A | $160,900 | 36.8% | 31.6% |
| Ebro | 75 | N/A | $75,000 | 5.7% | 30.4% |
| Quamba | 82 | $50,000 | $207,700 | 9.3% | 3.7% |
A note before these figures: with a population of 82, Beaver Bay's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Beaver Bay is a small community located in Minnesota, within Lake County. The total population is 82. It ranks as the 818th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Beaver Bay is 63.2 years. This is 63% higher than the state median of 38.8 years. Only 9.8% of residents are under 18, indicating fewer families with children. 30.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Beaver Bay is $36,875. This is 59% lower than the state median of $89,062. It is also 54% lower than the national median of $80,734. The poverty rate stands at 23.2%. This is 149% higher than the state poverty rate of 9.3%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The survey records no unemployed residents in Beaver Bay, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $238,200. Housing costs are 28% lower than the state median of $329,300. The home-value-to-income ratio of 6.5x suggests that housing affordability is a significant concern for many residents. 95.8% of occupied housing units are owner-occupied. This homeownership rate is 33% higher than the state average of 72.2%.
Race & Ethnicity
Beaver Bay has a predominantly White (non-Hispanic) population, comprising 97.6% of all residents.
Education
21.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 45% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.8%.
Data Sources & Methodology
All demographic data for Beaver Bay, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Minnesota city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Beaver Bay, Minnesota?
Beaver Bay, Minnesota has a population of 82 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Beaver Bay, MN?
The median household income in Beaver Bay is $36,875, which is 54% lower than the national median of $80,734.
What is the poverty rate in Beaver Bay, MN?
The poverty rate in Beaver Bay is 23.2%. This means approximately 19 residents live below the federal poverty line.
What is the racial makeup of Beaver Bay, Minnesota?
Beaver Bay's population is 97.6% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Beaver Bay, MN?
The median home value in Beaver Bay is $238,200. The home-value-to-income ratio is 6.5x.
How educated is Beaver Bay, Minnesota?
21.6% of adults (25+) in Beaver Bay hold a bachelor's degree or higher, and 10.8% hold a graduate or professional degree.