The City of Silver Bay had a population of 1,851 as of July 1, 2018. Silver Bay ranks in 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 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.
Alternate Unofficial Names for Silver Bay: City of Silver Bay, Silver Bay Harbor.
|Population in Households||1,775|
|Population in Familes||1,396|
|Population in Group Qrtrs||76|
|Median Household Income||$53,071|
|Average Household Income||$64,891|
|Per Capita Income||$29,362|
|Total Housing Units||990 (100%)|
|Owner Occupied HU||707 (71.4%)|
|Renter Occupied HU||109 (11.0%)|
|Vacant Housing Units||174 (17.6%)|
|Median Home Value||$104,839|
|Average Home Value||$166,419|
|Average Household Size||2.18|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||0.75%|
|Per Capita Income||1.61%|
The table below compares Silver Bay to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2018 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.
|Total Population||# 271||70th|
|Population Density||# 674||26th|
|Diversity Index||# 712||22nd|
|Median Household Income||# 550||39th|
|Per Capita Income||# 459||49th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.