Silver Bay, Minnesota: A Marvelous Place to Work

The typical household size in Silver Bay, MN is 2.49 family members members, with 84.6% owning their own houses. The mean home cost is $93877. For those people renting, they spend on average $777 monthly. 49.9% of homes have two incomes, and a typical domestic income of $47639. Median income is $30343. 5.1% of inhabitants survive at or beneath the poverty line, and 14% are considered disabled. 6.6% of residents of the town are former members associated with US military.

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Silver Bay, MN is located in Lake county, and has a populace of 1762, and is part of the greater metro region. The median age is 51.6, with 10% for the community under ten years old, 8.2% between 10-nineteen years old, 10.5% of residents in their 20’s, 9.6% in their 30's, 9.4% in their 40’s, 15.5% in their 50’s, 17.1% in their 60’s, 10.2% in their 70’s, and 9.5% age 80 or older. 48.2% of inhabitants are male, 51.8% female. 58.1% of inhabitants are reported as married married, with 9.8% divorced and 21.7% never married. The percent of men or women recognized as widowed is 10.3%.

The labor pool participation rate in Silver Bay is 56%, with an unemployment rate of 6%. For all those in the labor force, the average commute time is 15.9 minutes. 5.5% of Silver Bay’s population have a graduate diploma, and 22% have earned a bachelors degree. For those without a college degree, 34.2% attended some college, 32.6% have a high school diploma, and just 5.7% have received an education significantly less than senior school. 7.1% are not included in health insurance.