Silver Lake, MN

Minnesota

Silver Lake is a small town in Minnesota with a population of 922. Residents earn $75,000 per year, which is 0% below the national average.

3.0 /5.0
B Good
922 Population 2,249/sq mi density
$75,000 Median Income $36,252 per capita
$184,800 Home Value $296,886 Zillow
$769 Median Rent 13.3% income on rent
45°F Avg Temperature
246 Violent Crime/100K 2,214 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$75,000 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$184,800 home value, $769/mo rent
F
Safety
1.0 / 5.0
246 violent crimes/100K (35% below avg)
D
Education
2.0 / 5.0
12.3% bachelor's degree or higher
Median Income $75,000
0% lower than US avg
Home Value $184,800
34% lower than US avg
Violent Crime 246/100K
35% lower than US avg
Bachelor's+ 12.3%
64% lower than US avg
Median Rent $769
34% lower than US avg
Obesity Rate 42.0%
31% higher than US avg
Unemployment 3.7%
3% higher than US avg
Poverty Rate 5.8%
53% lower than US avg

How Silver Lake Compares to the U.S. Average (100% = U.S. avg)

People

Population922
Median Age40.0 yrs
Density2,249/mi²
Male / Female55% / 45%
Largest GroupWhite 91%
Veterans5.2%

Economy

A
Median Income$75,000
Per Capita$36,252
Unemployment3.7%
Poverty5.8%
County GDP$2,397M
Commute24 min

Housing

A+
Home Value$184,800
Rent$769
OwnershipN/A
Zillow$296,886
Rent Burden13.3%

Crime

F
Violent246/100K
Property2,214/100K
Murder0.0/100K
Assault123/100K
Burglary0/100K

Health

Obesity42.0%
UninsuredN/A
Depression25.2%
Heart Disease5.1%

Climate

Avg Temp45°F
AQI36 (Good)
Rain29.8 in/yr
Elevation1,068 ft

Education

D
Bachelor's+12.3%
High School+85.5%
School Score6.08

Community

2024 VoteR 68% / D 30%
Commute24 min
Broadband90.5%
Libraries4

Is Silver Lake a Good Place to Live?

Based on current data, Silver Lake receives an overall livability score of 3.0 out of 5.0, earning a grade of B. Key strengths include low crime rates, affordable housing, a low poverty rate, high health insurance coverage. Areas to be aware of include high obesity rates. Silver Lake offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Silver Lake is $75,000, roughly in line with the national average of $75,149. Unemployment stands at 3.7%, indicating a healthy job market. Only 5.8% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 24 minutes.

Cost of Living & Housing

The median home value in Silver Lake is $184,800, 34% below the national median — offering relatively affordable homeownership. Renters pay a median of $769 per month, below the national average — a plus for affordability. At just 2.5x median income, home prices are very affordable relative to local earnings.

Safety & Crime

Violent crime in Silver Lake is below the national average at 246 per 100,000 residents (U.S. avg: 380). Property crime occurs at a rate of 2,214 per 100,000, near the national average.

Education

12.3% of residents hold a bachelor's degree, below the national average of 33.7%. 85.5% have completed high school. Local schools score 6.1/10 in standardized testing, reflecting strong academic performance.

Climate & Weather

Silver Lake has a cool climate with an average annual temperature of 45°F. Winters average 13°F in January while summers reach 73°F in July. Annual precipitation totals 29.8 inches. Air quality is rated Good with a median AQI of 36.

Silver Lake has a population of 922 with a density of 2,249 people per square mile. The median age is 40.0 years, 3% older than the national median of 38.9. The city is predominantly White (91%), with 2.9% Hispanic.

Population

922
Total Population
2,249
People / sq mi
40.0yrs
Median Age
3% above US avg
0.4mi²
Land Area

Gender Distribution

Male 54.9%
Female 45.1%

Race & Ethnicity

Silver Lake vs U.S. Average

Language Spoken at Home

English Only97.0%
24% above US avg
Spanish3.0%
78% below US avg

Social Characteristics

Silver Lake vs U.S. Average

The median household income in Silver Lake is $75,000, which is 0% below the national average of $75,149. The unemployment rate is 3.7% (above the 3.6% US average). 5.8% of residents live below the poverty line. Workers commute an average of 24 minutes.

Income: Silver Lake vs U.S.

Commute Mode

Income

Median HH Income$75,000
0% below US avg
Per Capita Income$36,252
Avg Weekly Wage$1,096
IRS Avg AGI$72,945

Employment & Poverty

Unemployment3.7%
3% above US avg
Poverty Rate5.8%
53% below US avg
Establishments (County)1,049
County GDP$2,397M

Business (County)

Restaurants68
Healthcare124
Retail133
Manufacturing69

Tax & Cost of Living

Property Tax (IRS)$3,970
13% above US avg
Effective Tax Rate2.15%

Commute & Transportation

Commute Time24.2 min
Drive Alone83.5%
Public Transit0.0%
Work from Home4.7%

Walkability

The median home value in Silver Lake is $184,800, 34% below the national average. Monthly rent averages $769 (34% below US avg). Zillow estimates the typical home value at $296,886.

Home Value Sources

Ownership Split

Home Values

Census Median$184,800
34% below US avg
Zillow ZHVI$296,886

Real Estate Market (Redfin)

$/Sq Ft$105
Homes Sold2
Sale-to-List Ratio96.9%
Price Drops0.0%
Inventory1

Rental Costs

Census Median Rent$769
34% below US avg
Rent Burden13.3%

HUD Fair Market Rent

Studio$809
1 Bedroom$899
2 Bedrooms$1,125
3 Bedrooms$1,483
4 Bedrooms$1,698

Ownership & Property

Owner-Occupied78.9%

Property Tax

Avg Tax (IRS)$3,970
13% above US avg
Effective Rate2.15%
In Silver Lake, 42.0% of adults are obese (above the 32.1% national rate). 25.2% report depression. 24.0% are physically inactive.

Health Metrics: Silver Lake vs U.S. Average (%)

Chronic Conditions

Obesity42.0%
31% above US avg
Diabetes9.0%
Heart Disease5.1%
High Blood Pressure28.3%
Asthma10.2%
COPD5.3%
Stroke2.7%

Behaviors & Mental Health

Binge Drinking21.4%
Physical Inactivity24.0%
Depression25.2%
Mental Distress17.2%
Physical Distress11.5%

Healthcare Access

Insurance Rate97.0%
Checkup Rate70.9%
Premature Death5,843/100K

Food & Exercise

Food Environment8.2/10
Exercise Access74.3%
Healthcare Facilities124
Silver Lake has a violent crime rate of 246 per 100,000 residents, 35% below the national average of 380. Property crime stands at 2,214 per 100,000 (13% above US avg). The murder rate is 0.0 per 100,000.

Crime Rates: Silver Lake vs U.S. Average (per 100,000)

Violent Crime

Total Violent246.0/100K
35% below US avg
Murder0.0/100K
100% below US avg
Rape123.0/100K
Robbery0.0/100K
Assault123.0/100K

Property Crime

Total Property2,214.0/100K
13% above US avg
Burglary0.0/100K
Theft1,722.0/100K
Vehicle Theft492.0/100K
Arson0.0/100K

Traffic Safety

Fatal Crashes (County/yr)4

Safety Score

Safety GradeF
Safety Score1.0 / 5.0
Silver Lake has an average annual temperature of 45°F (7°C). Winters average 13°F in January while summers reach 73°F in July. Annual precipitation is 29.8 inches. Air quality is rated Good with a median AQI of 36.

Temperature

13°F Jan (-10°C) 73°F Jul (23°C)
Annual Average45.2°F
16% below US avg
January Average13°F (-10°C)
July Average73°F (23°C)

Precipitation & Snow

Annual Rainfall29.8 inches
22% below US avg

Air Quality

AQI Median36.0
RatingGood

Geography

Elevation1,068 ft (326 m)
Area0.4 sq mi (1.1 km²)
Population Density2,249/sq mi
Coordinates44.9042°N, 94.1986°W
County FIPS27085
It is classified as Nonmetro — Urban 20K+, adjacent. 12.3% of residents hold a bachelor's degree or higher (64% below US avg). In the 2024 election, the county voted Republican by a 38-point margin. 90.5% of households have broadband internet.

2024 Presidential Election (County)

R 68.1%
D 30.2%

Winner: Republican by 38 points

Education

Bachelor's Degree+12.3%
64% below US avg
High School+85.5%
School Test Score6.08
D Education Grade (2.0/5.0)

Urban-Rural Classification

RUCC Code 4Nonmetro — Urban 20K+, adjacent
Population Density2,249/sq mi
Total Area0.4 sq mi

Infrastructure & Services

Broadband Access90.5%
Alt Fuel Stations1
Public Libraries4
Healthcare Facilities124
Restaurants68
Retail Stores133

Safety & Disasters

Fatal Crashes (County/yr)4
F Safety Grade (1.0/5.0)

Commute & Transportation

Avg Commute24.2 min
Drive Alone83.5%
Public Transit0.0%
Work from Home4.7%

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