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Bovey city, Minnesota Demographics & Population 2026

Very AffordableHome value to income ratio of 1.5x is exceptionally low

As of 2026, Bovey city, Minnesota has a total population of 690, the 428th largest city in Minnesota, with a median household income of $67,500, which is 23% lower than the state average. The poverty rate is 13.3%.

Key Takeaways

Bovey city Quick Facts

Population 690
Median Household Income $67,500
Median Home Value $103,400
Poverty Rate 13.3%
Unemployment Rate 0.0%
Median Age 29.7 years
Homeownership Rate 64.9%
Affordability Ratio 1.5x
Bachelor's Degree or Higher 11.7%
High School Graduation Rate 93.3%
Diversity Index 27/100
Population 690 428th of 913
Median Income $67,500 average
Poverty Rate 13.3% 7% higher national
Median Home Value $103,400 bottom 30%

How Bovey city Compares

Economy & Housing

Employment

0.0% Unemployment Rate State: 3.9% | National: 5.2%
71.2% Labor Force Participation

Housing Overview

Owner 64.9%
Renter 35.1%
Affordability Index Very Affordable
1.5x home value to income ratio

People & Demographics

Diversity Index

27out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Bovey city Rankings in Minnesota

#428 Population of 913
#428 Median Income of 913
#708 Education of 913
#679 Home Value of 913

Other Cities in Itasca County

CityPopulationMedian IncomePovertyHome Value
Grand Rapids city 11,186 $56,542 17.6% $200,600
Cohasset city 2,700 $87,833 8.5% $315,700
Coleraine city 1,888 $67,083 13.7% $179,900
Keewatin city 1,229 $50,872 27.6% $78,900
Deer River city 887 $38,029 33.1% $100,000
La Prairie city 621 $75,192 4.2% $202,300
Taconite city 541 $100,089 3.5% $217,900
Bigfork city 430 $40,875 26.7% $147,900
Warba city 164 $48,542 21.3% $105,400
Squaw Lake city 133 $61,875 22.6% $200,000

Cities Similar to Bovey city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Clarks Grove city683$69,792$132,80015.1%13.2%
Ponemah CDP740N/AN/A0.0%22.4%
Greenbush city685$58,438$131,70026.6%4.2%
Hokah city673$60,313$184,90015.7%9.5%
Kimball city644$69,271$208,20016.4%11.4%

Population Overview

Bovey city is a small community located in Minnesota, within Itasca County. The total population is 690. It ranks as the 428th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Bovey city is 29.7 years. This is 23% lower than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Bovey city is $67,500. This is 23% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 14% lower. The poverty rate stands at 13.3%. This is 45% higher than the state poverty rate of 9.2%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.9%. The median home value is $103,400. Housing costs are 66% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.5x, Bovey city is one of the most affordable housing markets in the area. 64.9% of occupied housing units are owner-occupied. This homeownership rate is 10% lower than the state average of 72.4%.

Race & Ethnicity

The largest racial or ethnic group in Bovey city is White (non-Hispanic), making up 83.5% of the population. Hispanic or Latino residents account for 2.2%. The Black or African American population (0.6%) is well below the state average of 6.7%. The Hispanic or Latino population (2.2%) is well below the state average of 6.2%.

Education

11.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 70% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.

Data Sources & Methodology

All demographic data for Bovey city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Bovey city, Minnesota?

Bovey city, Minnesota has a population of 690 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Bovey city, MN?

The median household income in Bovey city is $67,500, which is 14% lower the national median of $78,538.

What is the poverty rate in Bovey city, MN?

The poverty rate in Bovey city is 13.3%. This means approximately 91 residents live below the federal poverty line.

What is the racial makeup of Bovey city, Minnesota?

Bovey city's population is 83.5% White, 0.6% Black, 2.2% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Bovey city, MN?

The median home value in Bovey city is $103,400. The home-value-to-income ratio is 1.5x.

How educated is Bovey city, Minnesota?

11.7% of adults (25+) in Bovey city hold a bachelor's degree or higher, and 6.2% hold a graduate or professional degree.