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.