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Bovey, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Bovey, Minnesota had a total population of 646, the 443rd largest city in Minnesota, with a median household income of $64,083, which is 28% lower than the state average. The poverty rate is 18.7%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Bovey Quick Facts

Population 646
Median Household Income $64,083
Median Home Value $122,800
Poverty Rate 18.7%
Unemployment Rate 0.0%
Median Age 30.1 years
Homeownership Rate 71.8%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 15.3%
High School Graduation Rate 91.5%
Diversity Index 31/100
Population 646 443rd of 914
Median Income $64,083 average
Poverty Rate 18.7% 50% higher than national
Median Home Value $122,800 bottom 30%

How Bovey Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population690646-6.4%
Median household income$67,500$64,083-5.1%
Median home value$103,400$122,800+18.8%

How Bovey Compares

Economy & Housing

Household Income Distribution

Under $25K 18.6%
$25K-$50K 14.1%
$50K-$100K 61.3%
$100K+ 5.9%
Detailed income brackets
Under $10K
6.7%
$10K-$15K
0.0%
$15K-$20K
4.1%
$20K-$25K
7.8%
$25K-$30K
0.0%
$30K-$35K
0.0%
$35K-$40K
7.4%
$40K-$45K
0.0%
$45K-$50K
6.7%
$50K-$60K
10.0%
$60K-$75K
21.2%
$75K-$100K
30.1%
$100K-$125K
0.0%
$125K-$150K
0.0%
$150K-$200K
5.9%
$200K+
0.0%

Employment

0.0% Unemployment Rate State: 4.1%|National: 5.2%
62.4% Labor Force Participation

Housing Overview

Owner 71.8%
Renter 28.2%
Affordability Index Very Affordable
1.9x home value to income ratio
Median gross rent $948/mo 17.8% of median household income annually

People & Demographics

Diversity Index

31out of 100
Low Diversity

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

State average: 41 | National average: 61

Education

Bovey Rankings in Minnesota

#443 Population of 914
#532 Median Income of 887
#627 Education of 914
#634 Home Value of 870

Other Cities in Itasca County

CityPopulationMedian IncomePovertyHome Value
Grand Rapids 11,207 $61,029 15.5% $213,800
Cohasset 2,703 $92,692 6.4% $330,500
Coleraine 2,150 $74,716 10.7% $211,800
Keewatin 1,215 $53,643 19.2% $86,800
Nashwauk 926 $57,589 14.4% $112,300
Deer River 889 $38,824 30.6% $111,200
Marble 669 $53,958 17.0% $102,500
La Prairie 592 $69,375 6.7% $212,800
Taconite 468 $84,375 3.6% $219,600
Bigfork 375 $29,375 38.0% $118,800

Cities Similar to Bovey

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Littlefork636$64,130$150,80024.7%6.8%
Stewart644$65,982$125,4006.9%6.7%
Buffalo Lake635$66,167$113,40017.1%20.1%
Karlstad622$64,000$126,30039.5%11.9%
Ironton621$62,813$144,00019.1%14.3%

A note before these figures: with a population of 646, Bovey'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

Bovey is a small community located in Minnesota, within Itasca County. The total population is 646. It ranks as the 443rd most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Bovey is 30.1 years. This is 22% lower than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Bovey is $64,083. This is 28% lower than the state median of $89,062. It is also 21% lower than the national median of $80,734. The poverty rate stands at 18.7%. This is 101% higher than the state poverty rate of 9.3%. The survey records no unemployed residents in Bovey, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $122,800. Housing costs are 63% lower than the state median of $329,300. With a home-value-to-income ratio of just 1.9x, Bovey is one of the most affordable housing markets in the area. 71.8% of occupied housing units are owner-occupied.

Race & Ethnicity

The largest racial or ethnic group in Bovey is White (non-Hispanic), making up 81.4% of the population. Black or African American residents account for 0.9%. The Black or African American population (0.9%) is well below the state average of 7.0%. The Hispanic or Latino population (0.6%) is well below the state average of 6.4%.

Education

15.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 61% 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 91.5%.

Data Sources & Methodology

All demographic data for Bovey, 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.

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Frequently Asked Questions

What is the population of Bovey, Minnesota?

Bovey, Minnesota has a population of 646 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Bovey, MN?

The median household income in Bovey is $64,083, which is 21% lower than the national median of $80,734.

What is the poverty rate in Bovey, MN?

The poverty rate in Bovey is 18.7%. This means approximately 120 residents live below the federal poverty line.

What is the racial makeup of Bovey, Minnesota?

Bovey's population is 81.4% White, 0.9% Black, 0.6% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Bovey, MN?

The median home value in Bovey is $122,800. The home-value-to-income ratio is 1.9x.

How educated is Bovey, Minnesota?

15.3% of adults (25+) in Bovey hold a bachelor's degree or higher, and 9.0% hold a graduate or professional degree.