Minnesota · Census place 60376
Silver Lake, MN population, income and ZIP codes
Quick answer
The population of the city of Silver Lake, Minnesota (Silver Lake, MN — Census place “Silver Lake city”) is 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. Looking for the Silver Lake Minnesota ZIP code list? 1 ZIP codes serve Silver Lake, MN: 55381.
- 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
Silver Lake ZIP codes (Minnesota)
Census ZCTAs whose delivery area overlaps Silver Lake.
The Silver Lake MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
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
Silver Lake city, MN in context
How this area compares with national benchmarks.
Silver Lake city is a very small community in Minnesota, with 922 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #375 of 914 ranked by population — larger than 59% of them. The median age here is 40 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.
Households in Silver Lake city earn a median of $75,000 a year, 4.5% below the national figure of $78,538 and within a couple of points of the $75,469 median for the 361 Minnesota cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 4.7% of residents here, less than half the 12.4% national rate.
The typical owner-occupied home in Silver Lake city is valued at $184,800, 39.1% below the national figure and 23% below the $240,400 peer median, while median gross rent runs $769 a month, 45.3% below the national figure, or roughly $9,228 across a full year. A household on the local median income would put about 12.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 78.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.
With 922 residents, a handful of survey responses moves every median on this page. Compare Silver Lake city against its county rather than against national figures.
No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.
Compare with nearby places
Places of similar size in Minnesota.
- Mantorville city 1,003
- Buhl city 1,013
- Tyler city 1,019
- Nashwauk city 1,035
- Hilltop city 1,056
- New Richland city 1,068
- Little Rock CDP 1,075
- Eden Valley city 1,077
Keep going
More Minnesota coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Silver Lake city?
- Silver Lake city has 922 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #375 of 914 in Minnesota.
- What is the median household income in Silver Lake city?
- Median household income in Silver Lake city is $75,000 a year, 4.5% below the national figure of $78,538.
- How much does it cost to rent or buy in Silver Lake city?
- Median gross rent is $769 a month and the median home value is $184,800, so rent absorbs about 12.3% of median household income.
- Is Silver Lake city affordable compared with the rest of the US?
- Homes cost about 2.5× the local median income here versus roughly 3.9× nationally, so Silver Lake city is more affordable to buy in than the typical US market, and rent takes 12.3% of median income against the 30% cost-burden line.
- How current is this Silver Lake city data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.