Population 1,898 · Census ACS 2020–24
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Population and households in Silver Bay
Household size in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 1.99 | 2.52 | 2.68 |
| 2010–14 | 1.98 | 2.54 | 2.73 |
| 2015–19 | 1.87 | 2.55 | 2.71 |
| 2020–24 | 1.95 | 2.52 | 2.65 |
| Change | −0.04 | +0.00 | −0.03 |
Households in Silver Bay are small: just 1.95 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 48.8 | 37.9 | 37.7 |
| 2010–14 | 53.6 | 38.9 | 38.6 |
| 2015–19 | 53.1 | 39.6 | 39.6 |
| 2020–24 | 53.6 | 40.0 | 40.1 |
| Change | +4.8 | +2.1 | +2.3 |
Silver Bay skews older: half of its residents are older than 53.6, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. Since 2006–10, the median age has climbed from 48.8, but in a place this small, survey estimates can swing a lot from one release to the next.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 7.7% | 9.9% | 12.3% |
| 2010–14 | 6.5% | 10.2% | 12.3% |
| 2015–19 | 6.9% | 9.7% | 11.6% |
| 2020–24 | 10.5% | 9.6% | 11.6% |
| Change | +2.8 pts | −0.3 pts | −0.6 pts |
Single parents head about one in ten households in Silver Bay (10.5%), a little below the national share of 11.6%. That is in line with the rest of Minnesota.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Silver Bay
Renters in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 14.9% | 25.8% | 33.3% |
| 2010–14 | 14.2% | 27.9% | 35.6% |
| 2015–19 | 15.1% | 28.4% | 36.0% |
| 2020–24 | 16.5% | 27.8% | 34.8% |
| Change | +1.6 pts | +2.0 pts | +1.5 pts |
Silver Bay is largely a place of homeowners: only 16.5% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. About six in ten owners (58.9%) have paid off their mortgages, well above the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 32.5% | 9.2% | 11.4% |
| 2010–14 | 29.3% | 9.0% | 11.4% |
| 2015–19 | 29.8% | 8.7% | 11.1% |
| 2020–24 | 20.6% | 8.3% | 9.6% |
| Change | −11.9 pts | −0.9 pts | −1.8 pts |
Vacancy is high in Silver Bay: 20.6% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 1960 | 1973 | 1974 |
| 2010–14 | 1963 | 1974 | 1975 |
| 2015–19 | 1965 | 1975 | 1977 |
| 2020–24 | 1963 | 1978 | 1980 |
| Change | +3 | +5 | +6 |
The housing in Silver Bay is old by national standards: the median home dates to 1963, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | $664 | $882 | $965 |
| 2010–14 | $717 | $953 | $1,040 |
| 2015–19 | $774 | $1,099 | $1,213 |
| 2020–24 | $1,223 | $1,404 | $1,571 |
| Change | +$559 | +$522 | +$606 |
A typical rental in Silver Bay costs $1,223 a month with utilities, well below the national median of $1,571. The typical renter here spends 22.0% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Silver Bay
Bachelor's degrees in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 20.6% | 32.1% | 28.4% |
| 2010–14 | 17.7% | 33.7% | 29.6% |
| 2015–19 | 25.8% | 36.2% | 32.1% |
| 2020–24 | 22.3% | 39.6% | 35.6% |
| Change | +1.7 pts | +7.4 pts | +7.2 pts |
College degrees are relatively uncommon in Silver Bay: 22.3% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 94.4% | 91.4% | 84.9% |
| 2010–14 | 93.3% | 92.2% | 86.1% |
| 2015–19 | 94.4% | 93.0% | 87.7% |
| 2020–24 | 95.8% | 93.7% | 89.3% |
| Change | +1.4 pts | +2.3 pts | +4.3 pts |
High school completion is high in Silver Bay: 95.8% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Silver Bay
| Period | Silver Bay | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 4.7% | 6.5% | 8.1% |
| 2010–14 | 9.3% | 6.5% | 9.4% |
| 2015–19 | 5.4% | 3.7% | 5.6% |
| 2020–24 | 2.4% | 4.1% | 5.4% |
| Change | −2.3 pts | −2.4 pts | −2.7 pts |
Unemployment in Silver Bay has been low: just 2.4% of the labor force was out of work and looking, well below the national rate of 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Silver Bay compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Silver Bay | 1.95 | 53.6 | 10.5% | 16.5% | 20.6% | 1963 | $1,223 | 22.3% | 95.8% | 2.4% |
| Lax Lake | 1.86 | 57.3 | 10.8% | 9.0% | 18.3% | 1962 | $1,231 | 25.8% | 97.0% | 0.4% |
| Beaver Bay | 2.19 | 46.7 | 16.3% | 14.5% | 30.2% | 1970 | $884 | 26.3% | 97.8% | 2.3% |
| East Beaver Bay | 2.18 | 47.9 | 14.1% | 13.2% | 31.6% | 1971 | $851 | 26.0% | 97.3% | 2.3% |
| Finland | 2.10 | 54.6 | 2.4% | 6.4% | 39.6% | 1978 | $676 | 25.0% | 95.0% | 2.5% |
| Little Marais | 2.10 | 54.5 | 2.4% | 6.4% | 39.3% | 1978 | $675 | 24.7% | 95.0% | 2.4% |
| Whyte | 2.12 | 54.4 | 3.1% | 5.6% | 38.7% | 1979 | $752 | 23.5% | 94.2% | 2.7% |
| Murphy City | 2.05 | 58.7 | 3.1% | 6.0% | 54.3% | 1980 | $731 | 37.5% | 95.8% | 5.9% |
| Wales | 2.15 | 54.7 | 5.8% | 3.4% | 39.2% | 1985 | $970 | 17.5% | 91.8% | 3.3% |
| Schroeder | 2.12 | 46.9 | 6.1% | 11.2% | 63.9% | 1994 | $1,038 | 30.4% | 97.4% | 2.2% |
| Highland | 2.22 | 54.1 | 6.4% | 2.5% | 31.0% | 1986 | $1,099 | 14.9% | 90.1% | 2.9% |
All figures 2020–24.
Cities with similar populations: Baudette, MN · West Kinderhook, MI · Canaan, ME · Collings Lakes, NJ · Constable, NY · Cope, SC · Rock Port, MO · Miramar, CA · Richland, IN · Richfield, PA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Silver Bay. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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