Township Of Beaver Falls MN Demographic Data and Boundary Map
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Township Of Beaver Falls, MN
The Township Of Beaver Falls is a County Subdivision of County.
The subdivision has a Census Class Code which indicates that the Township Of Beaver Falls is
Township Of Beaver Falls Data & Demographics (As of July 1, 2024)
POPULATION
Total Population
203 (100%)
Population in Households
203 (100.0%)
Population in Families
168 (82.8%)
Population in Group Quarters1
0
Population Density
8
Diversity Index2
29
INCOME
Median Household Income
$75,697
Average Household Income
$93,567
% of Income for Mortgage4
20%
Per Capita Income
$37,334
Wealth Index5
86
HOUSING
Total HU (Housing Units)
90 (100%)
Owner Occupied HU
69 (76.7%)
Renter Occupied HU
12 (13.3%)
Vacant Housing Units
9 ( 10.0%)
Median Home Value
$246,875
Average Home Value
$243,478
Housing Affordability Index3
119
HOUSEHOLDS
Total Households
81
Average Household Size
2.51000000000
Family Households
57
Average Family Size
3
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.
