Silver Lake

County:: McLeod County
County Seat:: No
Area (mi²):: 0.411
State:: Minnesota

Silver Lake is a city located in McLeod County, Minnesota. Silver Lake has a 2025 population of 857. Silver Lake is currently declining at a rate of -0.23% annually and its population has decreased by -1.15% since the most recent census, which recorded a population of 867 in 2020.

The average household income in Silver Lake is $86,376 with a poverty rate of 4.7%. The median age in Silver Lake is 40 years: 47.1 years for males, and 28.5 years for females.

Demographics

The racial composition of Silver Lake includes 91% White, and smaller percentages for Native American, Black or African American, Asian, Native Hawaiian or Pacific Islander, other race and multiracial populations.

Population by Race

White

Two or more races

Native American

Black or African American

Asian

Native Hawaiian or Pacific Islander

Other race

Race	Population	Percentage (of total)
White	839	91%
Two or more races	68	7.38%
Native American	8	0.87%
Black or African American	7	0.76%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%
Other race	0	0%

Silver Lake Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Silver Lake's average per capita income is $50,540. Household income levels show a median of $75,000. The poverty rate stands at 4.7%.

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	$99,375	-
Families	$96,250	$98,663
Households	$75,000	$86,376
Non Families	$65,846	$69,381

$50,540

Average Income

$75,000

Median Household Income

4.7%

Poverty Rate