ZIP Code 55786

Bovey, MN — income, home value, property tax, and sales tax.

Median household income
$61,597
Per-capita income
$41,767
Median home value
$225,200
Property tax rate
0.86%
Combined sales tax
7.88%

In ZIP code 55786, near Bovey, households bring in a median of $61,597 a year, while per-capita income sits at $41,767. With a median home value of $127,100, property taxes at the county's 0.86% rate would run roughly $1,093 annually, a figure that shapes monthly housing costs. Day-to-day purchases carry a combined sales tax of 7.88%, which adds to spending on goods and services. Together these figures sketch a place where earnings stretch differently than in higher-cost areas, and where tax rates on both property and purchases factor into how far each paycheck goes.