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:
Race | Population | Percentage |
---|---|---|
White | 1,540 | 95.65% |
Black or African American | 15 | 0.93% |
American Indian and Alaska Native | 1 | 0.06% |
Asian | 11 | 0.68% |
Some Other Race | 12 | 0.75% |
Two or More Races | 31 | 1.93% |
Type | Count | Average Size | Owned |
---|---|---|---|
All | 809 | 1.89 | 87.4 |
Married | 363 | 2.56 | 95 |
Male | 20 | 2.55 | 100 |
Female | 100 | 2.04 | 87 |
Non Family | 326 | 1.06 | 78.2 |
2.4
Average Family Size
1.89
Average Household Size
Education Attained | Count | Percentage |
---|---|---|
Less Than 9th Grade | 9 | 0.71% |
9th to 12th Grade | 45 | 3.54% |
High School Graduate | 379 | 29.84% |
Some College | 318 | 25.04% |
Associates Degree | 184 | 14.49% |
Bachelors Degree | 257 | 20.24% |
Graduate Degree | 78 | 6.14% |
Race | Total | High School | Bachelors |
---|---|---|---|
Native American | 1 | 1 | 1 |
Hispanic | 41 | 41 | 28 |
2+ Races | 22 | 19 | 9 |
White | 1,184 | 1,133 | 297 |
Black | 11 | 11 | |
Asian | 11 | 11 |
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%.
$41,610
Average Earnings
$56,310
Average Male
$35,357
Average Female
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.
Name | Total | In Poverty | Poverty Rate |
---|---|---|---|
Black | 15 | 13 | 86.67% |
White | 1,430 | 80 | 5.59% |
Other | NaN% |
6.07%
Overall Poverty Rate
7.07%
Male Poverty Rate
5.21%
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%.
57.4%
Overall Marriage Rate
62.4%
Male Marriage Rate
53.0%
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 20-34.
Name | Veterans | % of Total |
---|---|---|
White | 79 | 6.18% |
20.25%
Veteran Poverty Rate
46.84%
Veteran Disability Rate
57.5%
Labor Force Participation
55.9%
Employment Rate
2.8%
Unemployment Rate
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
75.22%
Born in Silver Bay
98.57%
Native Born
1.43%
Foreign Born
0.00%
Non Citizen
1.43%
Naturalized
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.
Year | Population | Growth | Annual Growth Rate |
---|---|---|---|
2010 | 1,874 | 0.00% | |
2011 | 1,852 | -22 | -1.17% |
2012 | 1,850 | -2 | -0.11% |
2013 | 1,825 | -25 | -1.35% |
2014 | 1,804 | -21 | -1.15% |
2015 | 1,785 | -19 | -1.05% |
2016 | 1,772 | -13 | -0.73% |
2017 | 1,757 | -15 | -0.85% |
2018 | 1,769 | 12 | 0.68% |
2019 | 1,762 | -7 | -0.40% |
2020 | 1,755 | -7 | -0.40% |
2021 | 1,748 | -7 | -0.40% |
2022 | 1,741 | -7 | -0.40% |