Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Silver Bay, MN

Comprehensive demographics, housing data, local amenities, and economic statistics for Silver Bay.

← Back to Silver Bay Hub

Community Insights

Highly Educated
25% hold a bachelor's degree
top 18% nationally
Leading Industries
Manufacturing · Education · Arts, Food & Hospitality
3% manufacturing
Home Value Growth⬆⬆⬆
+30.1% over 2 years
Retirees
44% of residents
top 1% nationally
Homeowners
84% of occupied units

People & Demographics

Total Population1,795
Households—
Under 18
13.0%
Age 18–34
13.0%
Age 35–64
30.0%
Age 65+
44.0%
Veterans
8.0%
Active Duty
0.0%

Housing & Living

Median Home Value$175,000
Median Gross Rent$1,137/mo
Owner Occupied
83.9%
Renter Occupied
16.1%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$69,844
Poverty Rate—

Key Industries

Healthcare12.0%
Professional Services1.0%
Manufacturing3.0%
Retail7.0%
Education3.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities62 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
25.0%
Master's or Higher
7.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Silver Bay?›

The total population of Silver Bay is approximately 1,795. The community has a significant population of retirees and seniors (65+). This demographic data is sourced from the U.S. Census Bureau.

Is Silver Bay walkable and transit-friendly?›

Based on local geographic data, Silver Bay has an amenity and walkability score of 62/100 and a transit score of 28/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Silver Bay?›

The housing market in Silver Bay is predominantly driven by homeowners, with 84% of housing units being owner-occupied and 16% being renter-occupied.

What is the education level of residents in Silver Bay?›

In Silver Bay, approximately 25% of adult residents hold a bachelor's degree or higher. Additionally, 7% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.