Silver Bay, Minnesota Population 2021

1,748
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Silver Bay is a city located in Lake County Minnesota. With a 2020 population of 1,748, it is the 278th largest city in Minnesota and the 8129th largest city in the United States . Silver Bay is currently declining at a rate of -0.40% annually and its population has decreased by -7.37% since the most recent census, which recorded a population of 1,887 in 2010. Silver Bay reached it's highest population of 1,874 in 2010. Spanning over 8 miles, Silver Bay has a population density of 229 people per square mile.

The average household income in Silver Bay is $65,234 with a poverty rate of 5.11%. The median rental costs in recent years comes to $777 per month, and the median house value is $95,300. The median age in Silver Bay is 51.6 years, 49.9 years for males, and 53.3 years for females.

Silver Bay Demographics

According to the most recent ACS, the racial composition of Silver Bay was:

  • White: 95.93%
  • Two or more races: 2.44%
  • Asian: 0.58%
  • Black or African American: 0.52%
  • Other race: 0.46%
  • Native American: 0.06%
  • Native Hawaiian or Pacific Islander: 0.00%
The current population of Silver Bay, Minnesota is 1,748 based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 1,769.The last official US Census in 2010 recorded the population at 1,887.

Silver Bay, Minnesota Population 2021

Population by Race

Race Population Percentage
White1,65295.93%
Two or More Races422.44%
Asian100.58%
Black or African American90.52%
Some Other Race80.46%
American Indian and Alaska Native10.06%
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Silver Bay Population by Race

Silver Bay Population Pyramid $2021

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Silver Bay Median Age

51.6


Total

49.9


Male

53.3


Female

Silver Bay Adults

There are 1,432 adults, (443 of whom are seniors) in Silver Bay.

Silver Bay Age Dependency

74.1

Age Dependency Ratio

44.8

Old Age Dependency Ratio

29.3

Child Dependency Ratio

Silver Bay Sex Ratio

Female

892

51.80%

Male

830

48.20%

Silver Bay Population by Age

Silver Bay Renter vs Owner Occupied by Household Type

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Silver Bay Household Types

Type Owner Renter
Male100%0%
Married96.1%3.9%
All84.6%15.4%
Non Family72.8%27.2%
Female62.7%37.3%

84.6%

Rate of Home Ownership

Silver Bay Households and Families

Type Count Average Size Owned
All8501.9484.6
Married4062.5596.1
Non Family3531.0672.8
Female512.6962.7
Male402.53100

2.49

Average Family Size

1.94

Average Household Size

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Silver Bay Households by Type

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Education Attained Count Percentage
Less Than 9th Grade151.13%
9th to 12th Grade614.59%
High School Graduate43432.63%
Some College33425.11%
Associates Degree1219.10%
Bachelors Degree29221.95%
Graduate Degree735.49%
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Silver Bay Educational Attainment by Sex (over 25)

Silver Bay Educational Attainment by Race

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Race Total High School Bachelors
White1,2481,176329
2+ Races373320
Hispanic292915
Asian1010
Black55
Native American111

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%.

Silver Bay Educational Attainment by Race

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Name Average Male Female
Overall$38,456$49,539$30,143
Less Than 9th Grade$23,542$25,938$
High School Graduate$30,924$46,000$26,597
Some College$31,833$43,958$29,583
Bachelors Degree$57,208$57,375$51,667
Graduate Degree$58,750$250,000$56,042

$38,456

Average Earnings

$49,539

Average Male

$30,143

Average Female

Silver Bay Earnings by Educational Attainment

Silver Bay Language by Age

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Silver Bay Language

96.00% of Silver Bay residents speak only English, while 4.00% speak other languages. The non-English language spoken by the largest group is Other languages, which is spoken by 1.97% of the population.

Silver Bay Language

Silver Bay Poverty by Race

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Name Total In Poverty Poverty Rate
White1,553774.96%
Black9777.78%

5.11%

Overall Poverty Rate

6.96%

Male Poverty Rate

3.34%

Female Poverty Rate

Poverty in Silver Bay

The race most likely to be in poverty in Silver Bay is Black, with 77.78% below the poverty level.

The race least likely to be in poverty in Silver Bay is White, with 4.96% 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 6.34%, and for those that did not work, the poverty rate was 11.24%.

Silver Bay Poverty

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Name Poverty
Less Than 9th Grade15.15%
Some College12.62%
High School3.23%
Bachelors or Greater0.00%

Silver Bay Poverty Rate by Education

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Rate Poverty
Female Employed2.93%
Female Unemployed0.00%
Male Unemployed0.00%
Male Employed0.00%

Silver Bay Poverty Rate by Employment Status and Sex

Silver Bay Income by Household Type

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Name Median Mean
Households$47,639$65,234
Families$62,438$81,914
Married Families$73,594-
Non Families$25,197$39,052
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Income by Household Type

Silver Bay Marital Status

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Marriage Rates

58.1%

Overall Marriage Rate

59.4%

Male Marriage Rate

56.9%

Female Marriage Rate

Silver Bay Married by Age and Sex

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Silver Bay Marriage

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 20-34.

Silver Bay Marital Status by Race

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Silver Bay Marital Status

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95

Number of Veterans

95

Male Veterans

Female Veterans

War Veterans
Vietnam51
Korea15
First Gulf War15
World War II4
Second Gulf War

Silver Bay Veterans by War

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Age Group Veterans
65 to 7437
75+24
55 to 6419
35 to 5415
18 to 34

Silver Bay Veterans by Age

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Silver Bay Veterans by Race

Silver Bay Veterans by Education

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15.79%

Veteran Poverty Rate

42.11%

Veteran Disability Rate

Silver Bay Veterans by Education

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56%

Labor Force Participation

52.7%

Employment Rate

6%

Unemployment Rate

Silver Bay Employment by Age

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Silver Bay Employment by Race

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Silver Bay Employment by Education

Origin of Non-Citizens

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Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

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74.68%

Born in Silver Bay

98.78%

Native Born

1.22%

Foreign Born

0.00%

Non Citizen

1.22%

Naturalized

Place of Birth

98.78% of Silver Bay residents were born in the United States, with 74.68% 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 Asia.

Silver Bay Place of Birth

Year Population Growth Annual Growth Rate
20211,748-7-0.40%
20201,755-7-0.40%
20191,762-7-0.40%
20181,769120.68%
20171,757-15-0.85%
20161,772-13-0.73%
20151,785-19-1.05%
20141,804-21-1.15%
20131,825-25-1.35%
20121,850-2-0.11%
20111,852-22-1.17%
20101,8740.00%

Silver Bay Population by Year