Beaver Creek, MN Profile: Facts & Data

The City of Beaver Creek had a population of 250 as of July 1, 2023. Beaver Creek ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Beaver Creek is located at latitude 43.6141 and longitude -96.3645 in Rock County. The formal boundaries for the City of Beaver Creek encompass a land area of 0.5 sq. miles and a water area of 0 sq. miles. Rock County is in the Central time zone (GMT -6).

The City of Beaver Creek has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beaver Creek, MN Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	250 (100%)
Population in Households	250 (100.0%)
Population in Families	228 (91.2%)
Population in Group Quarters¹	0
Population Density	473
Diversity Index²	9


INCOME
Median Household Income	$78,965
Average Household Income	$116,198
% of Income for Mortgage⁴	22%
Per Capita Income	$54,846
Wealth Index⁵	126
Socioeconomic Status Index⁶	High (66.7)

HOUSING
Total HU (Housing Units)	121 (100%)
Owner Occupied HU	94 (77.7%)
Renter Occupied HU	24 (19.8%)
Vacant Housing Units	3 ( 2.5%)
Median Home Value	$291,667
Average Home Value	$328,191
Housing Affordability Index³	115

HOUSEHOLDS
Total Households	118
Average Household Size	2.12
Family Households	73
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Beaver Creek, MN - Peer Comparisons by Rank and Percentile

The table below compares Beaver Creek to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-3.43%	0.00%
Households	0.00%	0.00%
Families		0.54%
Median Household Income		-0.69%
Per Capita Income		1.62%
Owner Occupied HU		0.21%

Variable Description	Rank	Percentile
Total Population	# 635	30th
Population Density	# 513	44th
Median Household Income	# 316	66th
Housing Affordability Index	# 502	55th
Per Capita Income	# 82	91st
Diversity Index	# 842	8th

Beaver Creek, MN Profile: Facts & Data

Beaver Creek, Minnesota - Basic Facts

Beaver Creek, MN Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Beaver Creek, MN - Peer Comparisons by Rank and Percentile

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