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The total population of Beaver Bay is estimated to be 81 with 44 males (54.32%) and 37 females (45.68%). There are 7 less females than males in Beaver Bay.
The median household income in Beaver Bay was $68,097 in 2021, which marked an a decrease of 5,912(7.99%) from $74,009 in 2020. This income is 91.28% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Beaver Bay sees its highest median household income among householders in the age group of 45 to 64 years old, at $106,740. Overall, the median household income for the city of Beaver Bay stands at $68,097.
In Beaver Bay, population is primarily represented by White households, reporting a median income of $64,855.
In 2022, the population of Beaver Bay was 120, a 1.64% decrease year-by-year from 2021. Previously, in 2021, Beaver Bay's population was 122, an increase of 1.67% compared to a population of 120 in 2020.
The median age in Beaver Bay, MN is 58.6, as per 2021 ACS 5-Year Estimates. Of the total population, 10.96% were under the age of 15, 10.96% aged 15 to 29, 43.84% aged 30 to 64, 32.88% aged 65 to 84, and 1.37% were 85 years of age and older.
Racial distribution of Beaver Bay population: 94.52% are White, 1.37% are American Indian and Alaska Native and 4.11% are multiracial.