Silver Lake, MN Profile: Facts, Map & Data

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Silver Lake, Minnesota - Basic Facts

The City of Silver Lake had a population of 822 as of July 1, 2017. Silver Lake ranks in the upper quartile for Population Density and the lower quartile for 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 Lake is located at latitude 44.9039 and longitude -94.1977 in McLeod County. The formal boundaries for the City of Silver Lake (see map below) encompass a land area of 0.38 sq. miles and a water area of 0 sq. miles. McLeod County is in the Central time zone (GMT -6). The elevation is 1,063 feet.

The City of Silver Lake (GNIS ID: 2395888) 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 Lake 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 Lake: City of Silver Lake.


Neighborhood Data

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City of Silver Lake, MN Boundary Map



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

POPULATION

Total Population 822
Daytime Population: Workers 208
Daytime Population: Residents 371
Total Daytime Population (TDP) 579
Ratio TDP/Total Population1 0.70
Population in Households 822
Population in Familes 647
Population in Group Qrtrs 0
Population Density2 2,179
Diversity Index3 4
 

INCOME

Median Household Income $57,300
Average Household Income $64,737
Per Capita Income $26,621

HOUSING

Total Housing Units 379 (100%)
Owner Occupied HU 268 (70.7%)
Renter Occupied HU 77 (20.3%)
Vacant Housing Units 34 ( 9.0%)
Median Home Value $150,000
Average Home Value $189,272
 

HOUSEHOLDS

Total Households 345
Average Household Size 2.38
Family Households 217
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 -0.25% -0.32%
Households -0.28% -0.29%
Families 0.19% -0.47%
Median Household Income   1.84%
Per Capita Income   2.5%

Silver Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Silver Lake 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 # 393 57th
Population Density # 58 94th
Diversity Index # 871 4th
Median Household Income # 380 58th
Per Capita Income # 586 35th

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

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