In 2021, Silver Bay, MN had a population of 1.6k people with a median age of 47.8 and a median household income of $61,544. Between 2020 and 2021 the population of Silver Bay, MN declined from 1,610 to 1,603, a −0.435% decrease and its median household income grew from $56,058 to $61,544, a 9.79% increase.
The 5 largest ethnic groups in Silver Bay, MN are White (Non-Hispanic) (89.1%), Two+ (Non-Hispanic) (6.99%), White (Hispanic) (1.31%), Asian (Non-Hispanic) (1.12%), and Two+ (Hispanic) (0.686%).
None of the households in Silver Bay, MN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
99.5% of the residents in Silver Bay, MN are U.S. citizens.
In 2021, the median property value in Silver Bay, MN was $100,200, and the homeownership rate was 86.7%.
Most people in Silver Bay, MN drove alone to work, and the average commute time was 20.4 minutes. The average car ownership in Silver Bay, MN was 2 cars per household.