ZIP Code 55609

Beaver Bay, MN — income, home value, property tax, and sales tax.

Median household income
$78,208
Per-capita income
$37,484
Median home value
$241,300
Property tax rate
0.73%
Combined sales tax
8.38%

In ZIP code 55609, near Beaver Bay, households bring in a median income of $78,208, while per-capita income sits at $37,484. The county-level property tax rate of 0.73% means a home's assessed value drives the annual bill directly: a $300,000 house would owe roughly $2,190 yearly, though actual values here vary. Combined with an 8.38% sales tax rate, ownership costs extend beyond the mortgage itself. How comfortably a buyer absorbs that property tax depends largely on the gap between earnings and purchase price, and with median income near $78,000, the ratio of tax to pay stays within reach for many working households.

See how Beaver Bay, MN taxes stack up

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