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Silver Lake, MN
Full City Profile · Minnesota · McLeod County County
Silver Lake, MN
At a Glance
How Silver Lake Compares to the U.S. Average
Each bar shows Silver Lake's value as a percentage of the national average (100% = U.S. avg)
Is Silver Lake a Good Place to Live?
Economy & Jobs
Silver Lake residents earn a median household income of $75,000 , which is 0% below the national average of $75,149. Per capita income is $36,252. The unemployment rate stands at 3.7% (3% above the U.S. rate of 3.6%). 5.8% of residents live below the poverty line. The area is home to 1,049 business establishments, including 68 restaurants.
Housing & Cost of Living
The median home value in Silver Lake is $184,800 , 34% below the national median of $281,900. Zillow estimates the typical home at $296,886. Median rent is $769/month, with 13.3% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1957.
Safety & Crime
Silver Lake reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 1,476/100K. The murder rate is 0.0/100K.
Education
12.3% of adults in Silver Lake hold a bachelor's degree or higher (64% below the national average). 85.5% have completed high school. Local schools score 6.4/10 in standardized testing.
Climate & Weather
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. The area gets 276 sunny days per year. Annual precipitation totals 29.8 inches. Air quality is rated Good with a median AQI of 36.