Cities / Minnesota / Silver Bay

Silver Bay, MN

1,690 people

Right Now

Active Weather Alerts

Population & People

Population

1,690

Median age

47.6

Median household income

$69,489

Poverty rate

9.9%

Unemployment rate

2.8%

Bachelor's degree+

21.8%

Avg. commute

18 min

Hispanic or Latino

3.1%

Source: U.S. Census Bureau, American Community Survey.

Housing & Rent

Median home value

$158,900

Median gross rent

$1,140/mo

Homeownership rate

80.09%

HUD FMR — 2 bedroom

$1,125

HUD Fair Market Rent (Minnesota statewide average across 87 areas — not specific to Silver Bay), 2026. Efficiency $809, 1BR $899, 2BR $1125, 3BR $1483, 4BR $1698. This is a different official figure from Census median gross rent above.

Energy

Minnesota gasoline midgrade

$4.28

Minnesota commercial electricity

12.27¢/kWh

Minnesota industrial electricity

9.32¢/kWh

Minnesota residential electricity

15.82¢/kWh

Economy

Gross Domestic Product: All Industry Total

531464.9

Real Gross Domestic Product: All Industry Total

405836.1

All-Transactions House Price Index for Minnesota

613.16

Unemployment Rate

4.3%

Source: FRED, Minnesota-specific series.

Nearby Airports

Sources & Data: National Weather Service (weather, alerts), EPA AirNow (air quality), U.S. Census Bureau (population, housing), HUD (Fair Market Rent), U.S. Energy Information Administration (Minnesota energy prices), Federal Reserve Bank of St. Louis (Minnesota economic indicators), OurAirports (airport directory).