Silver Bay is a city located in Lake County Minnesota. Silver Bay has a 2020 population of 1,741. Silver Bay is currently declining at a rate of -0.40% annually and its population has decreased by -7.10% since the most recent census, which recorded a population of 1,874 in 2010.
The average household income in Silver Bay is $65,234 with a poverty rate of 6.07%. The median rental costs in recent years comes to $812 per month, and the median house value is $94,900. The median age in Silver Bay is 51.6 years, 49.9 years for males, and 53.3 years for females.
According to the most recent ACS, the racial composition of Silver Baywas:
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%.
97.29% of Silver Bay residents speak only English, while 2.71% speak other languages. The non-English language spoken by the largest group is Other languages, which is spoken by 1.23% of the population.
Overall Poverty Rate
Male Poverty Rate
Female Poverty Rate
The race most likely to be in poverty in Silver Bay is Black, with 86.67% below the poverty level.
The race least likely to be in poverty in Silver Bay is Other, with NaN% 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 9.71%, and for those that did not work, the poverty rate was 9.29%.
Veteran Poverty Rate
Veteran Disability Rate
Labor Force Participation
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Born in Silver Bay
98.57% of Silver Bay residents were born in the United States, with 75.22% 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.