Silver Bay, MN Profile: Facts, Map & Data

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Silver Bay, Minnesota - Basic Facts

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The City of Silver Bay had a population of 1,825 as of July 1, 2017. Silver Bay ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Silver Bay is located at latitude 47.2933 and longitude -91.2768 in Lake County. The formal boundaries for the City of Silver Bay (see map below) encompass a land area of 7.89 sq. miles and a water area of 0.47 sq. miles. Lake County is in the Central time zone (GMT -6). The elevation is 764 feet.

The City of Silver Bay (GNIS ID: 2395886) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Silver Bay population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Silver Bay: City of Silver Bay, Silver Bay Harbor.


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City of Silver Bay, MN Boundary Map



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Boundary Maps: Lake County | Minnesota Counties

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Silver Bay, MN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 1,825
Daytime Population: Workers 966
Daytime Population: Residents 1,096
Total Daytime Population (TDP) 2,062
Ratio TDP/Total Population1 1.13
Population in Households 1,749
Population in Familes 1,385
Population in Group Qrtrs 76
Population Density2 231
Diversity Index3 8
 

INCOME

Median Household Income $53,126
Average Household Income $65,390
Per Capita Income $29,431

HOUSING

Total Housing Units 977 (100%)
Owner Occupied HU 666 (68.2%)
Renter Occupied HU 135 (13.8%)
Vacant Housing Units 176 (18.0%)
Median Home Value $97,163
Average Home Value $149,286
 

HOUSEHOLDS

Total Households 801
Average Household Size 2.18
Family Households 510
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.46% -0.48%
Households -0.59% -0.58%
Families -0.84% -0.68%
Median Household Income   2.09%
Per Capita Income   2.75%

Silver Bay, MN - Peer Comparisons by Rank and Percentile

The table below compares Silver Bay to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 273 70th
Population Density # 677 25th
Diversity Index # 713 22nd
Median Household Income # 505 44th
Per Capita Income # 397 56th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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