Beaver Bay, Minnesota.
. Duluth, MN-WI metro.
to buy the typical home at today's mortgage rate — +$893 (+95%) since Jan 2020.
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Minnesota$1,831
- United States$1,922
Living in Beaver Bay, Lake County, Minnesota
Beaver Bay is a city of 120 people in Lake County. 96% of its homes are lived in by their owners and 4% are rented. Unemployment in Lake County was 4.3% in August 2026, and the county had 2.5% more jobs in 2025 than the year before. The most people in Lake County work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Beaver Bay is a very small city on Minnesota's North Shore, where the Beaver River runs through or alongside town. Nearly everyone here owns their home, far more than is typical across the country. Winters are long, cold and very snowy, with January the coldest month, and summers are mild and pleasant, with July the warmest.
Work. Residents work mostly in schools, hospitals and social care, in restaurants, hotels and entertainment, in shops, and in the building trades. Across Lake County, some of the largest workplaces are Two Harbors High School, Lake County itself and Louisiana-Pacific Two Harbors, which makes oriented strandboard. Jobs across the county grew over the past year, though unemployment there has risen a little.
Things to do. A short drive away, Split Rock Lighthouse State Park and Tettegouche State Park are protected areas for walking and taking in the lake shore. The Baptism River is also a short drive off. For a longer outing, Gooseberry Falls State Park is a bit further along the shore.
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What people in Lake County work in
Employed residents by industry, from the Census survey. Lake County had 4,000 jobs in 2025, 2.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 19° and lows near 1°; warmest in July, with highs near 76° and lows near 54°. About 94 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Wolf Ridge Elc weather station, 14 miles away (NOAA).
Largest workplaces in Lake County
- Two Harbors High SchoolK-12 education203
- Lake Superior Public School DistSchool district180FTE
- Lake CountyGeneral public administration152
- Louisiana-Pacific Two HarborsOriented strandboard manufacturing140
- MN Veterans Home Silver BaySkilled nursing facilities125
- Lake View Memorial HospitalCritical access hospital110FTE
- City of Two HarborsCity and town managers' offices100
- GrybLand preparation machinery, construction, manufacturing84
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 21 workplaces with 20 or more staff, 1,597 people in all across the county; Beaver Bay has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- Cold wavesVery high
- LightningVery high
- Winter weatherVery high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Beaver Bay’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County and the Duluth, MN-WI metro.
Beaver Bay home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
Not enough data to draw this yet.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Beaver Bay6
Zip codes with a Beaver Bay address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Beaver Bay — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.