ZIP Code 55723

Around Bovey, ZIP code 55723 sits in middle-income territory, with a median household income of $64,526 and per-capita income of $40,887. Homes here carry a median value of $189,700, and the county-level effective property tax rate is 1.03%. Shoppers pay a combined 7.38% sales tax on purchases. Taken together, these figures describe a working- and middle-class area where earnings are solid but not high, housing costs stay below what you would find in larger metros, and the tax structure leans on both property and sales levies to fund local services.