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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
Change Over Time (2013–2023)
Population Change
+3.1%
834 → 860
over 10 years
Annual Pop. Growth
+0.31%
Compound annual growth rate
Median Income Change
+41.7%
$52,941 → $75,000
nominal, not inflation-adjusted
Annual Income Growth
+3.54%
Compound annual growth rate
Population Over Time
Total population for Silver Lake across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
879
+19 from 2023 (860)
Projected Median Income 2030
$95,679
+$20,679 from 2023 ($75,000)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 834 | — | $52,941 | — |
| 2015 | 829 | -0.6% | $50,592 | -4.4% |
| 2017 | 823 | -0.7% | $53,167 | +5.1% |
| 2019 | 812 | -1.3% | $64,479 | +21.3% |
| 2021 | 856 | +5.4% | $62,000 | -3.8% |
| 2023 | 860 | +0.5% | $75,000 | +21% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.