The median household income in Silver Bay, MN in 2022 was $64,338, which was 28.0% less than the median annual income of $82,338 across the entire state of Minnesota. Compared to the median income of $36,524 in 2000 this represents an increase of 43.2%. The per capita income in 2022 was $41,948, which means an increase of 59.6% compared to 2000 when it was $16,958.
Whole page based on the data from 2000 / 2022 when the population of Silver Bay, Minnesota was 2,068 / 1,696
Income statistics for all residents
Median household income in Silver Bay, MN in 2022:
Silver Bay:
$64,339
State:
$82,338
Change in median household income between 2000 and 2022:
Silver Bay, Minnesota:
+76.2%
State:
+74.8%
Number of households with income < $10k:
Silver Bay:
9.5% (82)
State:
4.3% (100,518)
Number of households with income $10k - 20k:
Silver Bay:
5.5% (47)
State:
5.6% (130,945)
Number of households with income $20k - 30k:
Silver Bay:
8.4% (72)
State:
6.1% (140,637)
Number of households with income $30k - 40k:
Silver Bay:
8.7% (75)
State:
6.5% (151,862)
Number of households with income $40k - 50k:
Silver Bay:
12.2% (105)
State:
6.7% (154,930)
Number of households with income $50k - 60k:
Silver Bay:
4.4% (38)
Minnesota:
6.9% (159,181)
Number of households with income $60k - 75k:
Silver Bay:
11.1% (95)
State:
9.4% (218,220)
Number of households with income $75k - 100k:
Silver Bay:
10.5% (90)
State:
13.8% (319,951)
Number of households with income $100k - 125k:
Silver Bay:
12.9% (111)
Minnesota:
10.8% (251,243)
Number of households with income $125k - 150k:
Silver Bay:
10.4% (89)
Minnesota:
8.2% (190,349)
Number of households with income $150k - 200k:
Silver Bay:
3.1% (27)
State:
10.2% (236,018)
Number of households with income > $200k:
Silver Bay:
3.3% (28)
State:
11.6% (268,336)
Aggregate household income in Silver Bay in 2022: $66,393,407
Median family income in Silver Bay in 2022:
Silver Bay:
$92,778
State:
$105,324
Number of families with income $20k - 30k:
Silver Bay:
2.8% (14)
State:
3.5% (50,742)
Number of families with income $30k - 40k:
Silver Bay:
7.8% (38)
State:
4.4% (64,281)
Number of families with income $40k - 50k:
Silver Bay:
12.2% (60)
Minnesota:
5.2% (76,436)
Number of families with income $50k - 60k:
Silver Bay:
5.5% (27)
State:
5.7% (83,050)
Number of families with income $60k - 75k:
Silver Bay:
12.4% (61)
Minnesota:
8.8% (127,783)
Number of families with income $75k - 100k:
Silver Bay:
11.9% (58)
State:
14.7% (214,426)
Number of families with income $100k - 125k:
Silver Bay:
20.4% (100)
Minnesota:
13.1% (190,094)
Number of families with income $125k - 150k:
Silver Bay:
18.1% (89)
State:
10.3% (149,830)
Number of families with income $150k - 200k:
Silver Bay:
5.5% (27)
State:
13.6% (197,479)
Number of families with income > $200k:
Silver Bay:
3.3% (16)
State:
16.1% (233,828)
Median non-family income in Silver Bay in 2022:
Silver Bay:
$29,785
State:
$48,461
Change in median non-family income between 2000 and 2022:
Silver Bay, Minnesota:
+29.1%
Minnesota:
+73.6%
Median per capita income in Silver Bay in 2022:
Silver Bay:
$41,949
State:
$45,021
Change in median per capita income between 2000 and 2022:
Silver Bay, Minnesota:
+147.4%
Minnesota:
+94.1%
Income statistics for White residents
Median household income in Silver Bay, MN in 2022:
Silver Bay:
$64,312
State:
$85,697
Change in median household income between 2000 and 2022:
Silver Bay, Minnesota:
+75.6%
Minnesota:
+77.5%
Number of households with income < $10k:
Silver Bay:
10.1% (81)
State:
3.9% (74,145)
Number of households with income $10k - 20k:
Silver Bay:
5.7% (46)
State:
5.1% (97,289)
Number of households with income $20k - 30k:
Silver Bay:
8.6% (69)
State:
5.8% (111,536)
Number of households with income $30k - 40k:
Silver Bay:
7.6% (61)
Minnesota:
6.2% (118,402)
Number of households with income $40k - 50k:
Silver Bay:
13.0% (104)
State:
6.6% (126,331)
Number of households with income $50k - 60k:
Silver Bay:
4.0% (32)
State:
6.8% (129,961)
Number of households with income $60k - 75k:
Silver Bay:
10.2% (82)
State:
9.4% (181,337)
Number of households with income $75k - 100k:
Silver Bay:
10.5% (84)
Minnesota:
13.8% (265,776)
Number of households with income $100k - 125k:
Silver Bay:
13.4% (108)
Minnesota:
11.2% (214,803)
Number of households with income $125k - 150k:
Silver Bay:
10.8% (87)
State:
8.6% (164,715)
Number of households with income $150k - 200k:
Silver Bay:
2.7% (22)
State:
10.6% (203,283)
Number of households with income > $200k:
Silver Bay:
3.4% (27)
State:
12.2% (233,694)
Aggregate household income in Silver Bay in 2022: $62,301,442
Median family income in Silver Bay in 2022:
Silver Bay:
$98,551
State:
$110,049
Number of families with income $20k - 30k:
Silver Bay:
3.0% (13)
State:
2.9% (34,913)
Number of families with income $30k - 40k:
Silver Bay:
5.8% (26)
State:
3.7% (44,598)
Number of families with income $40k - 50k:
Silver Bay:
13.3% (59)
State:
4.9% (58,683)
Number of families with income $50k - 60k:
Silver Bay:
4.8% (21)
Minnesota:
5.4% (64,644)
Number of families with income $60k - 75k:
Silver Bay:
11.2% (50)
State:
8.9% (105,839)
Number of families with income $75k - 100k:
Silver Bay:
12.0% (53)
Minnesota:
14.8% (177,106)
Number of families with income $100k - 125k:
Silver Bay:
21.9% (97)
State:
13.6% (162,292)
Number of families with income $125k - 150k:
Silver Bay:
19.6% (87)
State:
10.9% (130,417)
Number of families with income $150k - 200k:
Silver Bay:
5.0% (22)
State:
14.3% (171,257)
Number of families with income > $200k:
Silver Bay:
3.5% (16)
State:
17.1% (204,721)
Median non-family income in Silver Bay in 2022:
Silver Bay:
$30,025
Minnesota:
$49,920
Change in median non-family income between 2000 and 2022:
Silver Bay, Minnesota:
+30.8%
State:
+76.0%
Median per capita income in Silver Bay in 2022:
Silver Bay:
$43,461
State:
$49,507
Income statistics for Hispanic or Latino residents
Median per capita income in Silver Bay in 2022:
Silver Bay:
$103,684
Minnesota:
$27,748
Income statistics for Multirace residents
Median household income in Silver Bay, MN in 2022:
Silver Bay:
$73,529
State:
$74,586
Change in median household income between 2000 and 2022:
Silver Bay, Minnesota:
+71.3%
Minnesota:
+117.9%
Number of households with income < $10k:
Silver Bay:
0.0% (0)
Minnesota:
4.8% (5,071)
Number of households with income $10k - 20k:
Silver Bay:
0.0% (0)
State:
7.2% (7,697)
Number of households with income $20k - 30k:
Silver Bay:
0.0% (0)
State:
8.0% (8,495)
Number of households with income $30k - 40k:
Silver Bay:
42.0% (21)
State:
8.9% (9,445)
Number of households with income $40k - 50k:
Silver Bay:
0.0% (0)
State:
6.3% (6,680)
Number of households with income $50k - 60k:
Silver Bay:
12.0% (6)
State:
6.7% (7,171)
Number of households with income $60k - 75k:
Silver Bay:
24.0% (12)
Minnesota:
8.4% (8,916)
Number of households with income $75k - 100k:
Silver Bay:
10.0% (5)
State:
13.8% (14,719)
Number of households with income $100k - 125k:
Silver Bay:
0.0% (0)
State:
10.0% (10,590)
Number of households with income $125k - 150k:
Silver Bay:
0.0% (0)
Minnesota:
7.3% (7,720)
Number of households with income $150k - 200k:
Silver Bay:
12.0% (6)
State:
8.2% (8,751)
Number of households with income > $200k:
Silver Bay:
0.0% (0)
Minnesota:
10.5% (11,170)
Aggregate household income in Silver Bay in 2022: $3,345,553
Median family income in Silver Bay in 2022:
Silver Bay:
$76,126
Minnesota:
$91,504
Number of families with income $30k - 40k:
Silver Bay:
46.0% (23)
Minnesota:
7.5% (4,853)
Number of families with income $50k - 60k:
Silver Bay:
12.5% (6)
State:
6.0% (3,860)
Number of families with income $60k - 75k:
Silver Bay:
19.6% (10)
State:
7.0% (4,538)
Number of families with income $75k - 100k:
Silver Bay:
10.0% (5)
Minnesota:
15.0% (9,721)
Number of families with income $150k - 200k:
Silver Bay:
11.9% (6)
State:
11.1% (7,156)
Median per capita income in Silver Bay in 2022:
Silver Bay:
$28,235
State:
$28,529
Change in median per capita income between 2000 and 2022:
Silver Bay, Minnesota:
+86.4%
Minnesota:
+155.0%
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