Minnesota · Census place 60250
Silver Bay city, MN
Quick answer
Silver Bay city has 1,790 residents, ranking #279 of 914 places in Minnesota. Median household income is $70,870, the median home is worth $150,700 and median gross rent runs $1,044 a month.
- Population
- 1,790Silver Bay city residents
- Median household income
- $70,870Past 12 months, inflation adjusted
- Median home value
- $150,700Owner-occupied units
- Median gross rent
- $1,044Rent plus utilities, monthly
- Median age
- 48 yrsAll residents
- Homeownership rate
- 80.8%Owner-occupied households
What the numbers mean in Silver Bay city
Housing cost measured against local earnings.
A household earning the Silver Bay city median would spend about 17.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.9% of residents and 80.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Mountain Lake city 1,833
- Kenyon city 1,811
- Rushford city 1,790
- Waterville city 1,778
- Mapleton city 1,745
- Nisswa city 1,744
- Rock Creek city 1,711
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More Minnesota coverage.