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 2025 population of 1,779. Silver Bay is currently declining at a rate of -0.89% annually and its population has decreased by -4.41% since the most recent census, which recorded a population of 1,861 in 2020.

The average household income in Silver Bay is $80,544 with a poverty rate of 8.93%.The median age in Silver Bay is 48 years: 43 years for males, and 57.1 years for females.

1.8K
Total Population
233
Density (mi²)
-16 -0.89%
Growth

Silver Bay Population

Silver Bay Population

Data after 2023 is projected based on recent change

Demographics

The racial composition of Silver Bay includes 91.4% White, and smaller percentages for Asian and multiracial populations.

Population by Race

Race
Population
Percentage (of total)
White1,63691.4%
Two or more races1317.32%
Asian231.28%

Silver Bay Marital Status

OverallMalesFemales0%10%20%30%40%50%60%70%80%90%100%

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Silver Bay's average per capita income is $49,740. Household income levels show a median of $70,870. The poverty rate stands at 8.93%.

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$106,250-
Families$96,964$97,730
Households$70,870$80,544
Non Families$33,281$58,921

$49,740

Average Income

$70,870

Median Household Income

8.93%

Poverty Rate

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)