Bowstring Lake UT, Minnesota Median Income

Bowstring Lake UT, Minnesota has a population of 45, with a median household income of $42,000.

Current median income data for Bowstring Lake UT.

$42,000

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Population

45

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Median Income

$42,000

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Unemployment

6.80%

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Housing Price

$220,000

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Crime Rate

8.20

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Internet Speed

10.00 Mbps

Bowstring Lake UT is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Minnesota, Bowstring Lake UT provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Bowstring Lake UT has a population of 45, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Bowstring Lake UT is $42,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Bowstring Lake UT is about $220,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Bowstring Lake UT is 6.80%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Bowstring Lake UT are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Bowstring Lake UT shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Bowstring Lake UT offers a balanced mix of economic conditions, population trends, and housing opportunities within Minnesota.

Frequently Asked Questions about Bowstring Lake UT

What is the population of Bowstring Lake UT?

The population of Bowstring Lake UT is approximately 45.

Is Bowstring Lake UT a good place to live?

Bowstring Lake UT offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Bowstring Lake UT?

The median household income in Bowstring Lake UT is around $42,000.

How expensive is housing in Bowstring Lake UT?

The average housing price in Bowstring Lake UT is approximately $220,000.