| ZIP Code | 55614 |
|---|---|
| City | Silver Bay |
| State | Minnesota (MN) |
| County | Lake County |
| Area Code | 218 |
| Elevation | 1,582 ft |
| Latitude | 47.345735 |
|---|---|
| Longitude | -91.382386 |
| Timezone | Chicago (DST) |
| FIPS | 27075 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 53.9 yrs |
|---|---|
| Avg Household Size | 1.85 |
| Below Poverty | 9.0% ▼ 10% below avg |
| College Grads | 38.5% ≈ Avg |
| Unemployment | 1.7% ▼ 65% below avg |
| HS Graduate | 511 (27.5%) |
| Some College | 304 (16.4%) |
| Associates | 328 (17.6%) |
| Bachelors | 278 (15%) |
| Graduate Degree | 438 (23.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,313 ≈ Avg ↑ 35% since 2019 |
|---|---|
| Median Home Value | $172,900 ▼ 38% below avg ↑ 56% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $1,035/mo ↑ 33% since 2019 |
| Total Units | 1,529 |
| Vacant Units | 254 |
| Avg HH Size | 1.85 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,529 |
|---|---|
| Vacant | 254 |
| Owner Occupied | 85.2% |
| Renter Occupied | 14.8% |
| Avg HH Size | 1.85 |
ZIP code 55614 is located in Silver Bay, Minnesota, within Lake County. With a population of 2,450, this is a sparsely populated ZIP code with a mature community — the median age is 53.9 years. Economically, 55614 is a solidly middle-class ZIP code: the median household income of $74,313 is near the national average.
Real estate in ZIP code 55614 represents an affordable housing market. The median home value of $172,900 is below the national average. Renters can expect to pay around $1,035 per month in median rent. Homeownership is strong here — 85.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 56% since 2019.
The population of 55614 is primarily White (91.39%). Residents are moderately educated — 38.5% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 9.0%. Household income has grown by 35% since 2019.
The unemployment rate in 55614 stands at 1.7%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 82%.
Overall, ZIP code 55614 in Silver Bay, MN is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 2,450 residents, a median household income of $74,313, and a median home value of $172,900, it offers a clear picture of life in this part of Minnesota.