Beaver Bay, MN · standard

ZIP Code 55601

Lake County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

105
3/sq mi
$56,250
Median income
$242,400
Median home value
14.8%
Bachelor's or higher

The verdict

Beaver Bay pairs one of the lowest household incomes in the country with above-median home values, in a rural, homeowner-dominated area.

23th pct
household income, US ZIPs
Top 44%
home value, US ZIPs
3
people per sq mi
97%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55601 against every reporting US ZIP.

ZIP code 55601 is classified by USPS as a standard delivery area and covers roughly 40.4 square miles in Beaver Bay, Lake County, Minnesota. The area is home to 105 residents, producing a population density of 3 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 55601 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55601 sits at $56,250 (32% below the Minnesota average), while per-capita income is $34,602. The poverty rate stands at 14.8% and the unemployment rate at 0.0%. On housing, the median home value is $242,400 (5% below the state average) with median rent at - per month, and 96.8% of occupied units are owner-occupied, a direct signal of whether 55601 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 14.8% of adults hold a bachelor's degree or higher, the median age is 63, and the average commute is . We also surface 1 nearby ZIP codes within roughly 10 miles and 5 additional ZIPs sharing Lake County, so you can benchmark 55601 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 55601, Beaver Bay, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

105

Population

40.4

Area (sq mi)

3

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 55601?

63.0

Median Age

60.2%

Male

39.8%

Female

5.5%

Foreign-Born

White 98.4%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 1.6%
Hispanic or Latino 0.0%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$56,250

Median Household Income

-32% vs state

$34,602

Per Capita Income

14.8%

Poverty Rate

0.0%

Unemployment Rate

How ZIP 55601 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$56,250 23rd percentile higher than 23% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 44.4%
Bachelor's Degree or Higher 14.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

111

Total Housing Units

63

Occupied Units

48

Vacant Units

2.03

Avg Household Size

Occupancy Type

Owner 96.8%
Renter 3.2%

$242,400

Median Home Value

-5% vs state

1969

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What businesses operate in this ZIP?

Census Bureau data shows 13 business establishments in ZIP 55601, employing approximately 131 people with a combined annual payroll of $3,511,000.

13

Businesses

131

Employees

$3.5M

Annual Payroll

1

Industry Sectors

Industry Establishments % of Total
Retail trade 5 38.5%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 55601 vs 55614 →

ZIP Code City Population Distance
55614 Silver Bay, MN 2,627 9.2 mi

More ZIP Codes in Lake County

Frequently Asked Questions

What county is ZIP code 55601 in?
ZIP code 55601 (Beaver Bay) is located in Lake County, Minnesota. Lake County contains multiple ZIP codes, see the full list at /counties/lake-mn.
What is the population of ZIP code 55601?
ZIP code 55601 in Beaver Bay, MN has a population of 105 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55601?
The median household income in ZIP 55601 is $56,250, which is 26% below the national average of $76,288.
What is the average home value in ZIP 55601?
The median home value in ZIP 55601 is $242,400, which is 13% below the national average of $278,155.
What is the demographic makeup of ZIP 55601?
The largest racial group in ZIP 55601 is White at 98.4%.
How many businesses are in ZIP code 55601?
ZIP code 55601 has 13 business establishments employing approximately 131 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What is the education level in ZIP code 55601?
In ZIP code 55601, 44.4% of residents aged 25+ have a high school diploma or higher, and 14.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 55601?
In ZIP code 55601, approximately 96.8% of occupied housing units are owner-occupied and 3.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55601?
The poverty rate in ZIP code 55601 is 14.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Beaver Bay, MN

Verify and explore additional data for this area using these official government sources.