Median Household Income
$69,489 ± $14,321
Median Home Value
$158,900 ± $7,456
Median Gross Rent
$1,140 ± $109/mo
Per Capita Income
$41,711
Poverty Rate
9.9%
Unemployment Rate
2.8%
Homeownership Rate
80.1%
Bachelor's Degree or Higher
21.8%
Median Age
47.6
Average Commute
18 min
Households
869
Veterans
86
Population Over Time
Silver Bay grew 1.0% from 2014 to 2024.
2014
1,752
2016
1,708
2018
1,748
2020
1,610
2022
1,690
2024
1,769
Population by Race & Ethnicity
White
89.9%
Hispanic or Latino
3.1%
Black or African American
0.0%
Asian
1.4%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.