The City of Silver Lake had a population of 807 as of July 1, 2020. 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 44.9033 and longitude -94.1955 in McLeod County. The formal boundaries for the City of Silver Lake 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.
Alternate Unofficial Names for Silver Lake: City of Silver Lake.
|Total Population||807 (100%)|
|Population in Households||807 (100.0%)|
|Population in Families||632 (78.3%)|
|Population in Group Quarters1||0|
|Median Household Income||$58,734|
|Average Household Income||$70,091|
|% of Income for Mortgage4||10%|
|Per Capita Income||$28,583|
|Total HU (Housing Units)||365 (100%)|
|Owner Occupied HU||258 (70.7%)|
|Renter Occupied HU||84 (23.0%)|
|Vacant Housing Units||23 ( 6.3%)|
|Median Home Value||$144,059|
|Average Home Value||$191,957|
|Housing Affordability Index3||245|
|Average Household Size||2.36|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||-0.1%|
|Per Capita Income||0.66%|
|Owner Occupied HU||0.15%|
The table below compares Silver Lake to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2020 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||# 401||56th|
|Population Density||# 78||91st|
|Median Household Income||# 475||48th|
|Housing Affordability Index||# 692||77th|
|Per Capita Income||# 603||33rd|
|Diversity Index||# 873||3rd|
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.