All Countries
Silver Lake, MN
Full City Profile · Minnesota · McLeod County County
3.4
/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
276 sunny days/yr
B
Overall
3.4 / 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
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
2.0 / 5.0
12.3% bachelor's degree or higher
Income Overview
Median Household Income
$75,000
0% below
US avg: $75,149
Per Capita Income
$36,252
7% below
US avg: $39,052
Unemployment Rate
3.7%
3% above
US avg: 3.6%
Poverty Rate
5.8%
53% below
US avg: 12.4%
Income Comparison: Silver Lake vs. U.S. Average
Each bar shows Silver Lake’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$75,000
100%
Per Capita
US: $39,052
$36,252
93%
IRS Avg AGI
US: $72,000
$72,945
101%
Avg Weekly Wage
US: $1,432
$1,096
77%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,096
23% below US avg ($1,432)
Mean Commute Time
24 min
12% below US avg (28 min)
Work From Home
4.7%
69% below US avg (15.2%)
Drive Alone
83.5%
14% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,397M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
83.5%
Public Transit
0%
Work From Home
4.7%
Other
11.8%
Average commute time
24 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,049
Restaurants
68
Healthcare
124
Retail
133
Manufacturing
69
Tax & Financial
IRS Avg Adjusted Gross Income
$72,945
1% above US avg ($72,000)
Avg Property Tax
$3,970
13% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $75,000 |
| Per Capita Income | $36,252 |
| IRS Avg Adjusted Gross Income | $72,945 |
| Avg Weekly Wage | $1,096 |
| County GDP | $2,397M |
Hardship Indicators
| Unemployment Rate | 3.7% |
| Poverty Rate | 5.8% |
| Gini Coefficient | 0.425 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 24 minutes |
| Drive Alone | 83.5% |
| Public Transit | 0.0% |
| Work From Home | 4.7% |
Businesses
| Total Establishments | 1,049 |
| Restaurants | 68 |
| Healthcare | 124 |
| Retail | 133 |
| Manufacturing | 69 |
Tax
| IRS Avg AGI | $72,945 |
| Avg Property Tax | $3,970 |