Minnesota · Census place 60376
Silver Lake city, MN
Quick answer
Silver Lake city has 922 residents, ranking #375 of 914 places in Minnesota. Median household income is $75,000, the median home is worth $184,800 and median gross rent runs $769 a month.
- Population
- 922Silver Lake city residents
- Median household income
- $75,000Past 12 months, inflation adjusted
- Median home value
- $184,800Owner-occupied units
- Median gross rent
- $769Rent plus utilities, monthly
- Median age
- 40 yrsAll residents
- Homeownership rate
- 78.9%Owner-occupied households
What the numbers mean in Silver Lake city
Housing cost measured against local earnings.
A household earning the Silver Lake city median would spend about 12.3% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.7% of residents and 78.9% 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.
- Pine River city 928
- Harris city 924
- Browerville city 922
- Carlton city 891
- Deer River city 887
- Houston city 883
- Biwabik city 882
Keep going
More Minnesota coverage.