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CITY · 2010 ACS

Silver Bay

Minnesota · 1,887 residents · 7.628 sq mi
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The short version

Silver Bay has lower-than-average household income, with a median household income of $42,857. Population has declined 9% since 2000. Median home value has more than doubled since 2000, reaching $88,000. With a median age of 50.1, the population is older than the US median of 37.2. Households here earn about 25% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 50.1
US median: 37.2
Less educated
23% hold a bachelor's degree
US average: 28%
Less affordable
home values up 46%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
1,887
−9%since 2000
from 2,068 in 2000
1990 – 2025
Population density
247 / sq mi
−9%since 2000
from 271 / sq mi in 2000
US average: 261
Median age
50.1
+15%since 2000
from 43.5 in 2000
US average: 37.2
Population, 1990 – 2024
2K2K2K2K2K1990201020202024Silver Bay
20242K
1990201020202024
Section 02

Income & economy

Median household income
$42,857
−7%inflation adjusted, since 2000
from $36,524 in 2000
US average: $52,703
1990 – 2024
Per capita income
$28,511
+68%since 2000
from $16,958 in 2000
US average: $27,286
Households earning $100K+
22.0%
+1.0 ptssince 2009
from 21.0% in 2009
US average: 33.3%
Poverty rate
11.6%
+4.7 ptssince 2000
from 6.8% in 2000
US average: 13.8%
Income inequality (Gini)
0.424
US average: 0.461
Workforce by industry, 2010
Agriculture, forestry, fishing19.1%
US avg: 1.9%
Manufacturing18.3%
US avg: 0.5%
Retail trade6.6%
US avg: 10.9%
Information6.2%
US avg: 11.5%
Finance & insurance5.5%
US avg: 5.1%
Education & health services4.4%
US avg: 0.9%
Transportation & warehousing3.8%
US avg: 3.1%
Other services3.7%
US avg: 7%
Public administration3.7%
US avg: 4.9%
Wholesale trade3.4%
US avg: 7.2%
Professional, scientific, technical1.1%
US avg: 4.2%
Construction0.8%
US avg: 1.4%
Arts, entertainment, food0%
US avg: 2.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$88,000
+46%inflation adjusted, since 2000
from $47,700 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$718
+19%inflation adjusted, since 2000
from $475 in 2000
US average: $853
Owner-occupied
48.0%
−40.7 ptssince 2000
from 88.6% in 2000
13.8% rent
Vacancy rate
12.7%
+6.3 ptssince 2009
from 6.3% in 2009
US average: 12.1%
Owner cost-burdened
18.4%
+6.7 ptssince 2009
from 11.7% in 2009
US average: 30.9%
Renter cost-burdened
38.6%
−3.6 ptssince 2009
from 42.2% in 2009
US average: 46.8%
Afford Score
2.1
+57%since 2000
from 1.3 in 2000
1990 – 2024
RELATED:See current rent listings in Silver Bay on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic97.4%(2,014)
Black0%(1)
Hispanic / Latino0.7%(14)
Asian0.1%(2)
Other0%
Diversity Score2.1%(43)
2010
White, non-Hispanic97.2%(1,834)
Black0.2%(4)
Hispanic / Latino0.9%(17)
Asian0.3%(5)
Other1.3%(25)
Diversity Score6.6%(125)
Diversity Score
7
+218%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
23.0%
+7.3 ptssince 2000
from 15.7% in 2000
US average: 27.9%
High school or higher
94.7%
+9.1 ptssince 2000
from 85.6% in 2000
US average: 84.9%
Graduate degree
7.1%
+3.8 ptssince 2000
from 3.3% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
15.5 min
+22%since 2000
from 12.7 min in 2000
US average: 25.2
Drive alone to work
79.9%
−0.4 ptssince 2009
from 80.4% in 2009
US average: 76.2%
Carpooled to work
7.4%
+0.6 ptssince 2009
from 6.8% in 2009
US average: 10.4%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
4.9%
−0.5 ptssince 2009
from 5.4% in 2009
US average: 4.1%
Walked to work
7.4%
−0.1 ptssince 2009
from 7.4% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
2.0%
+0.2 ptssince 2009
from 1.8% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
23.7%
−3.1 ptssince 2009
from 26.7% in 2009
US average: 12.9%
Management & professional
30.5%
−29.9 ptssince 2009
from 60.5% in 2009
US average: 35.2%
Section 08

People & community

Male
50.1%
+1.9 ptssince 2009
from 48.2% in 2009
Female
49.9%
−1.9 ptssince 2009
from 51.8% in 2009
Foreign born
2.3%
+1.2 ptssince 2009
from 1.2% in 2009
US average: 12.8%
Veterans
19.8%
−29.3 ptssince 2009
from 49.1% in 2009
US average: 9.9%
Drill deeper

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Compare Silver Bay to nearby cities

SILVER BAY VS
Duluth
Income$68,807+61%
Home value$242,700+176%
Population88,330+4899%
SEE FULL COMPARISON →
SILVER BAY VS
Superior
Income$64,216+50%
Home value$180,400+105%
Population26,397+1394%
SEE FULL COMPARISON →
SILVER BAY VS
Hermantown
Income$90,849+112%
Home value$382,300+334%
Population10,110+472%
SEE FULL COMPARISON →
SILVER BAY VS
Virginia
Income$51,720+21%
Home value$120,600+37%
Population8,187+363%
SEE FULL COMPARISON →
Frequently asked

How many people live in Silver Bay, Minnesota?

Silver Bay, Minnesota has about 1,887 residents according to the 2010 American Community Survey.

What is the median household income in Silver Bay, Minnesota?

The typical household in Silver Bay, Minnesota earns about $42,857 a year. Half of households make more than that, and half make less.

Is Silver Bay, Minnesota expensive?

In Silver Bay, Minnesota, the median home is worth about $88,000, and the typical rent is about $718 a month.

How educated are people in Silver Bay, Minnesota?

About 23.0% of adults age 25 and over in Silver Bay, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Silver Bay, Minnesota?

About 11.6% of people in Silver Bay, Minnesota live below the federal poverty line.

Has Silver Bay, Minnesota grown since 1990?

Yes, Silver Bay, Minnesota has shrunk since 1990. The population has lost about 34 residents, a change of about -2 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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