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Silver Bay city, Minnesota

City

Population: 1,790 (2023 estimate)

Located in Minnesota , Minnesota

Census Bureau data for Silver Bay city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Silver Bay city

What is the median household income in Silver Bay city?
The median household income in Silver Bay city is $70,870 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Silver Bay city?
The poverty rate in Silver Bay city is 3.2% (U.S. Census Bureau ACS 2023).
What is the median home value in Silver Bay city?
$150,700 (U.S. Census Bureau ACS 2023).
What is the average rent in Silver Bay city?
The median gross rent in Silver Bay city is $1,044 per month (U.S. Census Bureau ACS 2023).
What percentage of Silver Bay city residents have a college degree?
19.6% of adults in Silver Bay city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
1,790
Median Income
$70,870
Median Home Value
$150,700
Poverty Rate
3.2%
Unemployment (ACS 2023)
2.3%
Median Age
48.0 yrs
Since 2019 Median Income: +$23,231 (+48.8%) Home Value: +$55,400 (+58.1%) Poverty Rate: +2.2 pp (+220%) Bachelor's+: -7.8 pp (-28.5%) Unemployment: -3.7 pp (-61.7%)

Demographics

Total Population 1,790
Median Age 48.0
Female 51.1%
Race & Ethnicity
Hispanic or Latino 3.2% White (non-Hisp.) 90.1% Asian 1.3% Two or More 7.3%
Asian Subgroups (% of total pop.)
Vietnamese
0.6%
Indian
0.5%
Filipino
0.2%

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

Income & Poverty

Median Household Income $70,870 ±$11,014
-$16,686 vs. state
Per Capita Income $81,597
Median Family Income $96,964
Poverty Rate 3.2%
-2.3 pp vs. state
Child Poverty Rate 6.5%
Working-Age Poverty Rate
SNAP Recipients 11.6%
Social Security Income
Retirement Income 37.3%
Household Income Distribution
< $10k
6.7%
$10–15k
2.2%
$15–25k
11.6%
$25–35k
6.0%
$35–50k
16.3%
$50–75k
10.2%
$75–100k
13.3%
$100–150k
26.0%
$150–200k
4.3%
$200k+
3.3%

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

Housing

Total Housing Units 1,001
Owner-Occupied 80.8%
Renter-Occupied 19.2%
Vacancy Rate 9.1%
Median Home Value $150,700
-$154,800 vs. state
Median Gross Rent $1,044
Owner Cost Burden (30%+) 22.4%
Renter Cost Burden (30%+) 33.3%
Home Value Distribution
< $50k
2.2%
$50–100k
26.3%
$100–200k
21.1%
$200–300k
13.6%
$300–500k
7.2%
$500k–$1M
0.7%
$1M+
0.8%
Gross Rent Distribution
$500–1k
45.6%
$1–1.5k
38.6%
$2–2.5k
6.4%
$3.5k+
9.4%
Vehicle Availability
No vehicle
5.6%
1 vehicle
34.6%
2 vehicles
39.7%
3+
20.1%
Housing Type
Single-fam. det.
89.4%
20+ units
2.7%
Mobile home
1.3%
Housing Age
Pre-1940
1.1%
1940–1969
1.4%
1970–1999
13.9%
2000–2009
6.9%
2010+
0.8%

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

Education

High School or Higher 94.6%
Bachelor's or Higher 19.6%
-19.2 pp vs. state
Graduate Degree 4.6%
Some College / Associate 29.6%
Less Than High School 0.7%
Enrolled in School

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

Employment

Labor Force Participation 53.2%
Unemployment Rate 2.3%
-1.6 pp vs. state
Work from Home 8.4%
Self-Employed 6.2%
Government Workers 32.3%
Private For-Profit 61.5%
Industry
Edu/Health
26.8%
Retail
18.2%
Arts/Entmt.
13.4%
Agriculture
10.5%
Construction
6.8%
Public Admin
6.3%
Prof. Services
5.9%
Manufacturing
5.6%
Information
2.2%
Finance
2.0%
Transportation
1.0%
Occupation
Food Prep
28.7%
Management
24.3%
Sales
21.2%
Production
16.1%
Construction
9.7%

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

Commute

Median Travel Time 18.0 min
Drove Alone 83.4%
Carpool 4.7%
Public Transit 0.0%
Work from Home 8.4%
Walked 3.5%
Bicycle

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

Households & Families

Total Households 910
Avg. Household Size 1.00
Avg. Family Size
Married-Couple Households 37.4%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 12.4%
Multigenerational

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

Age Distribution

Under 5
4.6%
5–9
4.8%
10–14
7.7%
15–19
2.5%
20–24
5.5%
25–34
9.2%
35–44
10.6%
45–54
10.9%
55–64
8.3%
65–74
6.4%
75–84
16.2%
85+
7.8%
Under 18: 19.3% Working age (18–64): 80.7% 65 and over: 29.4%

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

Social Characteristics

Immigration

Foreign Born 1.5%
Naturalized Citizen 88.5%
Speaks English Less Than Very Well 0.5%
Foreign-Born Origin
Asia
76.9%
Europe
23.1%

Veterans & Disability

Veteran 6.7%
With a Disability 12.8%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 96.8%
Uninsured 3.2%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 86.0%
Has a Computer 92.2%
Same House 1 Year Ago 93.4%
Moved from Abroad 0.0%

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

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