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Silver Bay, MN
Full City Profile · Minnesota · Lake County County
4.0
/5.0
A
Great
1,790
Population
235/sq mi density
$70,870
Median Income
$42,557 per capita
$150,700
Home Value
$162,839 Zillow
$1,044
Median Rent
18.8% income on rent
39°F
Avg Temperature
249 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A
Economy
4.4 / 5.0
$70,870 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$150,700 home value, $1,044/mo rent
C+
Education
2.6 / 5.0
19.6% bachelor's degree or higher
Top Industries in Silver Bay (11)
County-level employment data (BLS QCEW). Sorted by employment.
Accommodation & Food Services
601 jobs
63 firms
$26,267/yr
Manufacturing
524 jobs
14 firms
$76,331/yr
Retail Trade
383 jobs
44 firms
$31,946/yr
Other Services
193 jobs
44 firms
$28,631/yr
Arts & Entertainment
109 jobs
15 firms
$28,262/yr
Administrative & Waste Services
96 jobs
18 firms
$31,913/yr
Finance & Insurance
84 jobs
14 firms
$63,705/yr
Professional & Technical Services
38 jobs
21 firms
$44,177/yr
Information & Technology
19 jobs
7 firms
$62,777/yr
Agriculture & Forestry
12 jobs
5 firms
$40,337/yr
Real Estate
7 jobs
6 firms
$35,201/yr
Industry Specialization (Location Quotient)
LQ > 1.0 means the industry is more concentrated here than the national average.
Accommodation & Food Services
1.69
Arts & Entertainment
1.66
Other Services
1.64
Manufacturing
1.63
Retail Trade
0.98
Finance & Insurance
0.53
Administrative & Waste Services
0.42
Agriculture & Forestry
0.38
Information & Technology
0.26
Professional & Technical Services
0.14
Real Estate
0.12
Thin line = national average (1.0)
Complete Industry Data
| Industry | Employment | Establishments | Avg Weekly Wage | Avg Annual Pay | LQ |
|---|---|---|---|---|---|
| Accommodation & Food Services | 601 | 63 | $505 | $26,267 | 1.69 |
| Manufacturing | 524 | 14 | $1,468 | $76,331 | 1.63 |
| Retail Trade | 383 | 44 | $614 | $31,946 | 0.98 |
| Other Services | 193 | 44 | $551 | $28,631 | 1.64 |
| Arts & Entertainment | 109 | 15 | $543 | $28,262 | 1.66 |
| Administrative & Waste Services | 96 | 18 | $614 | $31,913 | 0.42 |
| Finance & Insurance | 84 | 14 | $1,225 | $63,705 | 0.53 |
| Professional & Technical Services | 38 | 21 | $850 | $44,177 | 0.14 |
| Information & Technology | 19 | 7 | $1,207 | $62,777 | 0.26 |
| Agriculture & Forestry | 12 | 5 | $776 | $40,337 | 0.38 |
| Real Estate | 7 | 6 | $677 | $35,201 | 0.12 |