Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.0 yrs |
|---|---|
| Avg HH Size | 2.51 |
| Below Poverty | 4.1% ▼ 60% below avg |
| College Grads | 28.9% ▼ 25% below avg |
| Unemployment | 5.7% ▲ 16% above avg |
| No HS Diploma | 4 (0.3%) |
| HS Graduate | 635 (47%) |
| Some College | 176 (13%) |
| Associates | 145 (10.7%) |
| Bachelors | 202 (15%) |
| Graduate Degree | 188 (13.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $87,011 ▲ 14% above avg |
|---|---|
| Median Home Value | $233,400 ▼ 16% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $775/mo |
| Total Housing Units | 871 |
| Vacant Units | 86 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Silver Lake is a city in Minnesota, located in McLeod County. The city spans 1 ZIP code and is home to approximately 2,001 residents. It is a mature city, with a median age of 45 years.
Economically, Silver Lake is a middle-income community. The median household income of $87,011 is near the national average. Approximately 4.1% of residents live below the poverty line. The unemployment rate is 5.7%, above the national average.
The real estate market in Silver Lake is an affordable housing market. Median home values stand at $233,400, which is below the national average. Renters typically pay around $775 per month. Homeownership is high at 88.0%, typical of suburban and family-oriented communities.
The population of Silver Lake is moderately educated. 28.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (92.3%).
Silver Lake, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55381 | 2,001 | $87,011 | $233,400 | $775 | 5.7% | 28.9% | 88.0% |