Bovey, MN Profile: Facts & Data

The primary coordinate point for Bovey is located at latitude 47.2955 and longitude -93.4188 in Itasca County. The formal boundaries for the City of Bovey encompass a land area of 2.29 sq. miles and a water area of 0.01 sq. miles. Itasca County is in the Central time zone (GMT -6).

The City of Bovey 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.

Bovey, MN Data & Demographics (As of July 1, 2025)

POPULATION
Total Population	816 (100%)
Population in Households	799 (97.9%)
Population in Families	586 (71.8%)
Population in Group Quarters¹	17 ( 2.1%)
Population Density	355
Diversity Index²	27


INCOME
Median Household Income	$70,352
Average Household Income	$82,741
% of Income for Mortgage⁴	15%
Per Capita Income	$32,687
Wealth Index⁵	54
Socioeconomic Status Index⁶	Moderate (52.6)

HOUSING
Total HU (Housing Units)	379 (100%)
Owner Occupied HU	223 (58.8%)
Renter Occupied HU	99 (26.1%)
Vacant Housing Units	57 (15.0%)
Median Home Value	$167,500
Average Home Value	$211,895
Housing Affordability Index³	149

HOUSEHOLDS
Total Households	322
Average Household Size	2.48
Family Households	185
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.

Bovey, MN - Peer Comparisons by Rank and Percentile

The table below compares Bovey to the other 915 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2025 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	2020-2025	2025-2030
Population	-0.30%	-0.30%
Households	-0.52%	-0.38%
Families		0.00%
Median Household Income		1.29%
Per Capita Income		1.52%
Owner Occupied HU		-0.18%

Variable Description	Rank	Percentile
Total Population	# 395	57th
Population Density	# 584	36th
Median Household Income	# 607	34th
Housing Affordability Index	# 831	91st
Per Capita Income	# 778	15th
Diversity Index	# 325	65th

Bovey, MN Profile: Facts & Data

Bovey, Minnesota - Basic Facts

Bovey, MN Data & Demographics (As of July 1, 2025)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bovey, MN - Peer Comparisons by Rank and Percentile

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Itasca County