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Silver Bay, MN

City in Lake County, Minnesota.

Population

1,769

Land area

7.6sq mi

People per sq mi

232

ZIP codes

0

Silver Bay and its ZIP codes

Full map

Silver Bay at a glance

  • Silver Bay is about 3.2 times as dense as Minnesota as a whole.
  • The median household income is $69,489, 22% below the Minnesota median of $89,062.
  • A typical owner-occupied home is valued at $158,900 (52% below Minnesota) and median rent is $1,140 a month.

Local data for Silver Bay, MN

Counts from official public data

Housing and community stats

Silver Bay, MN, American Community Survey 2020-2024

Full profile

Median household income

$69,489

Poverty rate

9.9%

Median home value

$158,900

Median rent

$1,140/mo

Homeownership

80.1%

Bachelor's or higher

21.8%

Median age

47.6

Average commute

20.4 min

Largest reported origins and ancestries: German Americans (483), Norwegian Americans (298), Irish Americans (182).

Home values and rentsIncome, education and commute

Economy and federal money

Jobs, pay, income and spending are for Lake County. PPP loans are for Silver Bay.

Details

Unemployment rate

4.3%

Aug 2026, +0.8 pts in a year

Average annual pay

$55,708

4,000 jobs, 2025

Income per person

$60,682

BEA, 2024

Federal spending

$99M

FY 2026, $9,075 per person

Lake County economyFederal spending

How people get to work

Silver Bay, MN, workers 16 and older. American Community Survey 5-year estimates

  • Drove alone78.4%
  • Carpooled4.9%
  • Public transit0.0%
  • Walked4.2%
  • Bicycle0.0%
  • Taxi, ride-hailing, motorcycle or other0.0%
  • Worked from home12.5%

Average one-way commute: 20.4 minutes for people who do not work from home.

Environment and hazard risk

Silver Bay, MN, from FEMA, NOAA and EPA

Full report

Natural hazard risk

Very Low

Top: strong wind

Storm events since 1996

606

Countywide, mostly heavy snow

Flood insurance policies

8

0.1% of homes, county

July high / Jan low

76° / 1°F

32.5 inches of rain a year

Hazards, floods and storm historyCheck a flood zone

Health statistics

Share of adults in Silver Bay, MN, CDC PLACES estimates

All 40 measures

Obesity

34.8%

U.S. 33.3% +1.5 pts

Diabetes

12.5%

U.S. 12.1% about the same

Smoking

14.6%

U.S. 12.8% +1.8 pts

Uninsured (18-64)

6.9%

U.S. 11.1% -4.2 pts

Cities near Silver Bay

NameDistanceLand area (sq mi)
Beaver BayCity2.9 mi0.8
FinlandCensus-designated place9.5 mi6.7
Two HarborsCity26 mi3.3

Frequently asked questions

What county is Silver Bay, MN in?
Silver Bay is in Lake County, Minnesota.
What is the population of Silver Bay, MN?
About 1,769 people live in Silver Bay, based on American Community Survey 5-year estimates.
What cities are near Silver Bay?
Nearby places include Beaver Bay (2.9 mi), Finland (9.5 mi), Two Harbors (26 mi).

Source: U.S. Census Bureau (TIGER/Line boundaries, American Community Survey) · Data as of 12/31/2023