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Bovey, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
646
Population
$64,083
Median Income
$122,800
Home Value
30.1
Median Age

Demographics

Bovey has a population of 646 with a median age of 30.1. Here is the racial and ethnic breakdown of the population:

White
81.4%
Other
17.1%
Black
0.9%
Hispanic
0.6%
Demographic Value
Total Population646
Median Age30.1
White81.4%
Black or African American0.9%
Hispanic or Latino0.6%
Other / Two or More Races17.1%
Bovey, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 81.4%Other: 17.1%Other: 1.5%646PopulationWhiteWhite81.4%OtherOther17.1%OtherOther1.5%

Income & Economy

The median household income in Bovey is $64,083, which is 20.5% below the national median of $80,610. The per capita income is $29,075. The poverty rate is 18.7%.

$64,083
Median Household Income
$29,075
Per Capita Income
18.7%
Poverty Rate

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Education

In Bovey, 91.5% of residents age 25+ have a high school diploma or higher, and 15.2% hold a bachelor's degree or higher (9.0% with a graduate or professional degree).

HS Diploma+
91.5%
Bachelor's+
15.2%
Graduate+
9.0%
Education Level % of Adults (25+)
High School Diploma or Higher91.5%
Bachelor's Degree or Higher15.2%
Graduate or Professional Degree9.0%

Housing

The median home value in Bovey is $122,800, below the national median of $303,400. The median monthly rent is $948. The homeownership rate is 71.7%.

$122,800
Median Home Value
$948/mo
Median Rent
71.7%
Homeownership Rate
Housing Metric Value
Median Home Value$122,800
Median Monthly Rent$948
Homeownership Rate71.7%
Vacancy Rate11.5%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Bovey, Minnesota?
The population of Bovey, Minnesota is 646 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Bovey, Minnesota?
The median household income in Bovey, Minnesota is $64,083. This is 20.5% below the national median of $80,610.
What is the median home value in Bovey, Minnesota?
The median home value in Bovey, Minnesota is $122,800. The median monthly rent is $948.
What percentage of people in Bovey have a college degree?
In Bovey, Minnesota, 15.2% of adults age 25 and older hold a bachelor's degree or higher, and 91.5% have a high school diploma or higher.
Is Bovey, Minnesota an affordable place to live?
The home price-to-income ratio in Bovey, Minnesota is 1.9x (median home value $122,800 vs. median income $64,083), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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