Silver Bay is a city located in Minnesota. With a 2020 population of 1,754, it is the 275th largest city in Minnesota and the 8117th largest city in the United States. Silver Bay is currently declining at a rate of -0.62% annually and its population has decreased by -7.05% since the most recent census, which recorded a population of 1,887 in 2010. Silver Bay reached it's highest population of 1,875 in 2010. Spanning over 8 miles, Silver Bay has a population density of 230 people per square mile.
The average household income in Silver Bay is $65,705 with a poverty rate of 6.89%. The median rental costs in recent years comes to $716 per month, and the median house value is $94,600. The median age in Silver Bay is 52 years, 49.7 years for males, and 54.4 years for females. For every 100 females there are 96.2 males.
According to the most recent ACS, the racial composition of Silver Bay was:
| Race | Population | Percentage |
|---|---|---|
| White | 1,645 | 94.11% |
| Two or More Races | 65 | 3.72% |
| Some Other Race | 27 | 1.54% |
| Black or African American | 10 | 0.57% |
| American Indian and Alaska Native | 1 | 0.06% |
| Type | Count | Average Size | Owned |
|---|---|---|---|
| All | 842 | 1.98 | 85.9 |
| Married | 452 | 2.39 | 96 |
| Non Family | 284 | 1.03 | 72.2 |
| Female | 58 | 3.24 | 62.1 |
| Male | 48 | 2.31 | 100 |
| Education Attained | Count | Percentage |
|---|---|---|
| Less Than 9th Grade | 15 | 1.10% |
| 9th to 12th Grade | 38 | 2.78% |
| High School Graduate | 510 | 37.36% |
| Some College | 279 | 20.44% |
| Associates Degree | 122 | 8.94% |
| Bachelors Degree | 326 | 23.88% |
| Graduate Degree | 75 | 5.49% |
| Name | Total | High School | Bachelors |
|---|---|---|---|
| White | 1,258 | 1,205 | 333 |
| Multiple Races | 60 | 60 | 47 |
| Hispanic | 40 | 40 | 20 |
| Other Race | 20 | 20 | 20 |
| Black | 6 | 6 | |
| Native American | 1 | 1 | 1 |
The highest rate of high school graduation is among black people with a rate of 100.00%.
The highest rate of bachelors degrees is among native american people with a rate of 100.00%.
95.50% of Silver Bay residents speak only English, while 4.50% speak other languages. The non-English language spoken by the largest group is Other languages, which is spoken by 3.59% of the population.
| Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| White | 1,545 | 107 | 6.93% |
| Black | 10 | 8 | 80.00% |
6.89%
Overall Poverty Rate
7.81%
Male Poverty Rate
5.95%
Female Poverty Rate
The race most likely to be in poverty in Silver Bay is Black, with 80.00% below the poverty level.
The race least likely to be in poverty in Silver Bay is White, with 6.93% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0.00%. Among those working part-time, it was 12.62%, and for those that did not work, the poverty rate was 10.58%.
60.3%
Overall Marriage Rate
61.9%
Male Marriage Rate
58.8%
Female Marriage Rate
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 55-64.
| Name | Veterans | % of Total |
|---|---|---|
| White | 92 | 6.81% |
15.22%
Veteran Poverty Rate
42.39%
Veteran Disability Rate
57.2%
Labor Force Participation
53.5%
Employment Rate
6.4%
Unemployment Rate
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
98.23%
Native Born
1.77%
Foreign Born
0.00%
Non Citizen
98.23% of Silver Bay residents were born in the United States, with 75.00% having been born in Minnesota. 0.00% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.
| Year | Population | Growth | Annual Growth Rate |
|---|---|---|---|
| 2020 | 1,754 | -11 | -0.62% |
| 2019 | 1,765 | -11 | -0.62% |
| 2018 | 1,776 | 15 | 0.85% |
| 2017 | 1,761 | -11 | -0.62% |
| 2016 | 1,772 | -14 | -0.78% |
| 2015 | 1,786 | -18 | -1.00% |
| 2014 | 1,804 | -22 | -1.20% |
| 2013 | 1,826 | -24 | -1.30% |
| 2012 | 1,850 | -3 | -0.16% |
| 2011 | 1,853 | -22 | -1.17% |
| 2010 | 1,875 | 0.00% |