Bovey, MN, with a population of 558 people, is an ideal place for those looking for a more affordable life. The median 2 bedroom rental price is just $940, which is significantly lower than the national average of $1,430 and the grocery cost index of 97 versus 100 in the US. The small town offers many options for employment including local businesses such as Logsdon's Northland Machine Inc., K & J Rooter Services, and Johnson's Sporting Goods. The area features lots of outdoor activities to enjoy such as fishing on Trout Lake or hiking at Grand Rapids Trail. With its low living costs and vibrant outdoor activities, Bovey, MN is an excellent choice for those searching for a comfortable lifestyle.
Bovey (zip 55709) has an unemployment rate of 6.2%. The US average is 6.0%.
Bovey (zip 55709) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Bovey (zip 55709)
- The Sales Tax Rate for Bovey (zip 55709) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Bovey (zip 55709) 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 Bovey (zip 55709)
- The average income of a Bovey (zip 55709) resident is $28,976 a year. The US average is $37,638 a year.
- The Median household income of a Bovey (zip 55709) resident is $63,016 a year. The US average is $69,021 a year.