Silver Bay, Minnesota Population 2022

1,741
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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.

Silver Bay Demographics

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

  • White: 95.65%
  • Two or more races: 1.93%
  • Black or African American: 0.93%
  • Other race: 0.75%
  • Asian: 0.68%
  • Native American: 0.06%
  • Native Hawaiian or Pacific Islander: 0.00%
The current population of Silver Bay, Minnesota is 1,741 based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 1,741.The last official US Census in 2010 recorded the population at 1,874.

Silver Bay, Minnesota Population 2022

Population by Race

Race Population Percentage
White1,54095.65%
Black or African American150.93%
American Indian and Alaska Native10.06%
Asian110.68%
Some Other Race120.75%
Two or More Races311.93%
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Silver Bay Population by Race

Silver Bay Population Pyramid 2022

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Silver Bay Median Age

51.2


Total

51.6


Male

50.6


Female

Silver Bay Adults

There are 1,339 adults, (441 of whom are seniors) in Silver Bay.

Silver Bay Age Dependency

Age Dependency Ratio

49.1

Old Age Dependency Ratio

30.2

Child Dependency Ratio

Silver Bay Sex Ratio

Female

876

54.41%

Male

734

45.59%

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%
Married95%5%
All87.4%12.6%
Female87%13%
Non Family78.2%21.8%

87.4%

Rate of Home Ownership

Silver Bay Households and Families

Type Count Average Size Owned
All8091.8987.4
Married3632.5695
Male202.55100
Female1002.0487
Non Family3261.0678.2

2.4

Average Family Size

1.89

Average Household Size

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Silver Bay Households by Type

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Education Attained Count Percentage
Less Than 9th Grade90.71%
9th to 12th Grade453.54%
High School Graduate37929.84%
Some College31825.04%
Associates Degree18414.49%
Bachelors Degree25720.24%
Graduate Degree786.14%
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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
Native American111
Hispanic414128
2+ Races22199
White1,1841,133297
Black1111
Asian1111

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$41,610$56,310$35,357
Less Than 9th Grade$20,625$29,167$
High School Graduate$28,250$33,125$23,750
Some College$40,614$51,042$36,786
Bachelors Degree$59,038$67,778$56,250
Graduate Degree$61,029$$60,588

$41,610

Average Earnings

$56,310

Average Male

$35,357

Average Female

Silver Bay Earnings by Educational Attainment

Silver Bay Language by Age

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Silver Bay Language

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.

Silver Bay Language

Silver Bay Poverty by Race

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Name Total In Poverty Poverty Rate
Black151386.67%
White1,430805.59%
OtherNaN%

6.07%

Overall Poverty Rate

7.07%

Male Poverty Rate

5.21%

Female Poverty Rate

Poverty in Silver Bay

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%.

Silver Bay Poverty

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Name Poverty
Less Than 9th Grade24.49%
High School7.83%
Some College7.76%
Bachelors or Greater0.00%

Silver Bay Poverty Rate by Education

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Rate Poverty
Male Employed0.00%
Male Unemployed0.00%
Female Employed6.27%
Female Unemployed0.00%

Silver Bay Poverty Rate by Employment Status and Sex

Silver Bay Income by Household Type

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Name Median Mean
Households$56,058$68,018
Families$75,662$84,420
Married Families$80,568-
Non Families$26,094$41,452
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Income by Household Type

Silver Bay Marital Status

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Marriage Rates

57.4%

Overall Marriage Rate

62.4%

Male Marriage Rate

53.0%

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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79

Number of Veterans

Male Veterans

Female Veterans

War Veterans
Second Gulf War
First Gulf War17
Vietnam40
Korea8
World War II5

Silver Bay Veterans by War

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Age Group Veterans
18 to 34
35 to 5417
55 to 6412
65 to 7432
75+18

Silver Bay Veterans by Age

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Silver Bay Veterans by Race

Silver Bay Veterans by Education

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20.25%

Veteran Poverty Rate

46.84%

Veteran Disability Rate

Silver Bay Veterans by Education

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57.5%

Labor Force Participation

55.9%

Employment Rate

2.8%

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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75.22%

Born in Silver Bay

98.57%

Native Born

1.43%

Foreign Born

0.00%

Non Citizen

1.43%

Naturalized

Place of Birth

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.

Silver Bay Place of Birth

Note: 2021 and 2022 data is projected
Year Population Growth Annual Growth Rate
20101,8740.00%
20111,852-22-1.17%
20121,850-2-0.11%
20131,825-25-1.35%
20141,804-21-1.15%
20151,785-19-1.05%
20161,772-13-0.73%
20171,757-15-0.85%
20181,769120.68%
20191,762-7-0.40%
20201,755-7-0.40%
20211,748-7-0.40%
20221,741-7-0.40%

Silver Bay Population by Year