Silver Bay Flag

Silver Bay

County:
Lake County
County Seat:
No
Area (mi²):
7.628
State:
Minnesota

Silver Bay is a city located in Lake County, Minnesota. Silver Bay has a 2026 population of 1,734. Silver Bay is currently declining at a rate of -1.2% annually and its population has decreased by -6.77% since the most recent census, which recorded a population of 1,860 in 2020.

The median household income in Silver Bay is $69,489 with a poverty rate of 9.86%. The median age in Silver Bay is 47.6 years: 42 years for males, and 57.1 years for females. For every 100 females there are 96.8 males.

1.7K
Total Population
227
Density (mi²)
-21 -1.2%
Growth

Silver Bay Population

Silver Bay Population

Data after 2023 is projected based on recent change

Year ↓
Population
Growth
Annual Change
20261,734-21-1.2%
20251,755-21-1.18%
20241,776-39-2.15%
20231,815-23-1.25%
20221,838-28-1.5%
20211,86660.32%
20201,860-1-0.05%
20191,760-9-0.51%
20181,769130.74%
20171,756-14-0.79%
20161,770-15-0.84%
20151,785-19-1.05%
20141,804-23-1.26%
20131,827-23-1.24%
20121,850-4-0.22%
20111,854-33-1.75%
20101,874-3-0.16%

Median Age

Overall: 47.6 years
Female: 57.1 years
Male: 42 years

Silver Bay Adults

There are 1,408 adults, (532 of whom are seniors) in Silver Bay.

Sex Ratio

Female: 899 (50.8%)
Male: 870 (49.2%)

Demographics

The racial composition of Silver Bay includes 89.94% White, and smaller percentages for Asian, other race and multiracial populations.

Population by Race

Race
Population ↓
Percentage (of total)
White1,59189.94%
Two or more races1438.08%
Asian251.41%
Other race100.57%
Race
Population ↓
Percentage (of total)
Two or more races452.54%
Other race100.57%
Race
Population ↓
Percentage (of total)
White1,59189.94%
Two or more races985.54%
Asian251.41%

Silver Bay Marital Status

Economics and Income Statistics

Silver Bay 's average per capita income is $55,455. Household income levels show a median of $69,489. The poverty rate stands at 9.86%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.
Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.
Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.
Name
Median ↓
Mean
Married Families$105,625-
Families$93,426$100,255
Households$69,489$84,099
Non Families$39,583$63,111

$55,455

Average Income

$69,489

Median Household Income

9.86%

Poverty Rate

Nearby Cities

Sources

  1. US Census State Population Estimates - Most recent state estimates from the Census Bureau's Population Estimates Program
  2. US Census County Population Estimates - Most recent county estimates from the Census Bureau's Population Estimates Program
  3. American Community Survey (2009 - 2013)
  4. Census QuickFacts
  5. Historical Populations of States and Counties (1790 - 1990)