Beaver Bay township, MN Economy


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United States / Minnesota / No Metro Area / Lake County / Beaver Bay township / Zip Codes
Beaver Bay Township, MN is a great place to live for those who are looking for affordable living. The average two bedroom rent is $1,110 as compared to the US average of $1,430. Moreover, the cost of groceries in Beaver Bay Township is below the US index (95 vs 100). Not only is Beaver Bay Township an affordable place to live economically; it also offers plenty of attractions and activities for its residents. local companies include Beaver Bay Marina, Superior Public Museum and HillSide Action Equipment Company. Attractions such as Split Rock Lighthouse State Park and Gooseberry Falls State Park make this town a great destination for outdoor recreation. There are also many opportunities for shopping in downtown Beaver Bay Township. All together, Beaver Bay Township offers its residents with a variety of activities and services that make this small town a great place to call home.

Beaver Bay township has an unemployment rate of 5.1%. The US average is 6.0%.

Beaver Bay township has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Beaver Bay township
- The Sales Tax Rate for Beaver Bay township is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Beaver Bay township is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Beaver Bay township
- The average income of a Beaver Bay township resident is $53,562 a year. The US average is $37,638 a year.
- The Median household income of a Beaver Bay township resident is $92,885 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBeaver Bay township, MinnesotaUnited States
  Population by Occupation
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