Bovey, MN Employment - Median Household Income, Unemployment Rate

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C-

23%

Income/capita NAT. AVG.

4%

Household income NAT. AVG.

21%

Unemployment NAT. AVG.

Index	Bovey	Minnesota	National
Income per capita	$22,841	$33,225	$29,829
Median household income	$53,011	$63,217	$55,322
Median income owner occupied	$63,333	$77,618	$70,586
Median income renter occupied	$24,917	$34,348	$35,192
Median earnings male	$39,148	$40,933	$36,919
Median earnings female	$23,188	$29,114	$26,250
Unemployment rate	5.6%	3.4%	4.7%
Poverty level	12.7%	10.8%	15.1%

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Key findings

The income per capita in Bovey is 23% lower than the national average
The median household income in Bovey is 4% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Bovey is 21% higher than the national average
The poverty level in Bovey is 16% lower than the national average

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am i middle class

$35,337 $53,011 $106,022

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Bovey median earnings by income bracket

Bovey employment by industry

Labour Type	Male	Female
Construction industry	8.2%	8.2%
Manufacturing sector	37.7%	37.7%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	25.7%	25.7%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	9.8%	9.8%
Education, health & social services	7.1%	7.1%
Other	11.5%	11.5%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Cohasset, MN	2,710	$67,924	22.8%
La Prairie, MN	732	$63,929	15.6%
Taconite, MN	753	$59,545	7.6%
Nashwauk, MN	1,104	$50,893	8.0%
Calumet, MN	341	$50,625	8.5%
Bovey, MN	726	$53,011	4.2%

Cities with similar population

City	Population	Household Income	National Avg.
St. Johns CDP, AZ	726	$54,000	2.4%
Salt Creek, CO	726	$47,031	15.0%
Morning Sun, IA	726	$59,063	6.8%
Dieterich, IL	726	$61,417	11.0%
Holland, IN	726	$50,250	9.2%
Bovey, MN	726	$53,011	4.2%

Source: The Bovey, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).