Silver Bay, MN 55614 ZIP Code Profile

Related Place Profiles:
Little Marais, MN | Silver Bay, MN
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ZIP Code 55614: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Silver Bay, MN 55614

Acceptable Alternative
Little Marais, MN 55614

  • ZIP Code Type: STANDARD
  • County: Lake County
  • Centroid: Latitude 47.305, Longitude -91.247
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes
  • Businesses Addresses: 81
  • PO Box Addresses: 37
  • Residential Addresses: 1,213
    • Multi-Family Addresses: 38
    • Single Family Addresses: 1,175

The ZIP Code maps and database are updated 4 times per year.
Database updated: August 1, 2018, Maps updated: August 1, 2018.



EXTREMELY LOCAL Demographic Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting demographic data.


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Silver Bay, MN 55614 Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 2,683
Population in Households 2,602
Population in Familes 2,061
Population in Group Qrtrs 81
Population Density2 18
Diversity Index3 9
 

INCOME

Median Household Income $55,133
Average Household Income $68,121
Per Capita Income $30,491

HOUSING

Total Housing Units 1,681 (100%)
Owner Occupied HU 1,039 (61.8%)
Renter Occupied HU 149 ( 8.9%)
Vacant Housing Units 493 (29.3%)
Median Home Value $119,595
Average Home Value $189,798
 

HOUSEHOLDS

Total Households 1,188
Average Household Size 2.19
Family Households 766
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 -0.17% -0.11%
Households -0.21% -0.14%
Families -0.37% -0.24%
Median Household Income   0.73%
Per Capita Income   1.6%

Silver Bay, MN 55614 - Peer Comparisons by Rank and Percentile

The table below compares 55614 to the other 881 ZIP Codes 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.

Variable Description Rank Percentile
Total Population # 367 58th
Population Density # 538 39th
Diversity Index # 690 22nd
Median Household Income # 524 41st
Per Capita Income # 462 48th

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


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