Silver Lake, MN demographics:
population, income, and more

Total population
815
-11.6% year-over-year change
Median household income
$74,432/yr
-0.8% year-over-year change
Housing units
373
-7.4% year-over-year change

Silver Lake population

How many people live in Silver Lake

Silver Lake is home to 815 residents, according to the most recent Census data. Gender-wise, 57.2% of Silver Lake locals are male, and 42.8% are female.

Total population
815
-11.6% year-over-year change
Gender ratio
Male
57.2%
466
Female
42.8%
349
Value Percent YoY change
Male 466 57.2% -7.9%
Female 349 42.8% -16.1%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Silver Lake is 44, with the population distributed as follows: about 13.9% are children under 15, then 14.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 22.8% of the population, while another 27.2% fall into the 45 to 64 bracket. Finally, around 21.6% are 65 or older.

Median age
43.7
Age breakdown
Under 15
13.9%
15 to 24
14.5%
25 to 44
22.8%
45 to 64
27.2%
Over 65
21.6%
Value Percent YoY change
Under 15 113 13.9% -28.0%
15 to 24 118 14.5% -18.6%
25 to 44 186 22.8% -17.7%
45 to 64 222 27.2% 0.9%
Over 65 176 21.6% 1.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Silver Lake, 98.9% of the population are US-born citizens, while 1.1% have gained naturalized citizenship. There’s also a share of 4.5% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.9%
Non-U.S.-born citizens
1.1%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 806 98.9% -10.9%
Non-U.S.-born citizens 9 1.1% 12.5%
Racial breakdown
White
93.5%
Black or African American
0.5%
American Indian and Alaska Native
1.5%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4.5%
Other
0%
Value Percent
White 762 93.5%
Black or African American 4 0.5%
American Indian and Alaska Native 12 1.5%
Two or more races 37 4.5%

Households in Silver Lake

A peek inside Silver Lake households

Silver Lake has 353 households, with an average of 2 members in each. Of these, 49.9% are families, while the remaining 50.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
353
-4.6% year-over-year change
Average people per household
2
Non-family households
177
Family households
176
Value Percent YoY change
Non-family households 177 50.1% 8.6%
Family households 176 49.9% -15.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Silver Lake

The housing landscape of Silver Lake

Silver Lake's housing consists of 373 units, with 77.5% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.5% and offer a more compact, shared living style.

Housing units
373
-7.4% year-over-year change
Housing types
Value Percent
1 unit, detached 289 77.5%
1 unit, attached 2 0.5%
2 units 39 10.5%
3 or 4 units 9 2.4%
5 to 9 units 21 5.6%
10 to 19 units 13 3.5%
Homes built since 2020
0
% year-over-year change

The age of buildings in Silver Lake

In Silver Lake, the median construction year is 1958. About 28.4% of homes were built before the 1940s, with another 12.3% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 106 28.4% -15.9%
Built between 1940 and 1949 46 12.3% -9.8%
Built between 1950 and 1959 44 11.8% -2.2%
Built between 1960 and 1969 57 15.3% 7.5%
Built between 1970 and 1979 24 6.4% -17.2%
Built between 1980 and 1989 19 5.1% 11.8%
Built between 1990 and 1999 38 10.2% 8.6%
Built between 2000 and 2009 31 8.3% -18.4%
Built between 2010 and 2019 8 2.1% -11.1%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Silver Lake occupancy rates

Out of the 353 occupied housing units in Silver Lake, 80.2% are owner-occupied, while 19.8% are lived in by tenants. Meanwhile, 5.4% of all homes on the local market sit vacant.

Occupied housing units
353
-4.6% year-over-year change
Occupancy breakdown
Renter occupied
70
Owner occupied
283
Value Percent YoY
change
Renter occupied 70 19.8% -10.3%
Owner occupied 283 80.2% -3.1%
Unoccupied housing units
5.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Silver Lake housing costs

Housing costs in Silver Lake come to a median of $918 per month, while tenants specifically pay a median gross rent of $844.

Median housing costs per month
$918/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Silver Lake
$844/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Silver Lake

Silver Lake education at a glance

About 51.8% of the population in Silver Lake went to high school, while 16.6% pursued college studies. Another 20.2% earned an associate degree and 6.4% hold a bachelor’s. Meanwhile, 3.1% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 13 1.9% -13.3%
High school diploma 347 51.8% -6.5%
College diploma 111 16.6% -12.6%
Associate degree 135 20.2% 8.9%
Bachelor's degree 43 6.4% -21.8%
Graduate degree 21 3.1% -12.5%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Silver Lake

How much people earn in Silver Lake

The average annual household income in Silver Lake was $86,525 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +0.2% change from the previous year. At the same time, the median income stood at $74,432, reflecting a -0.8% shift over the same period.

Average household income in Silver Lake
$86,525/year
0.2% year-over-year change
Median household income in Silver Lake
$74,432/year
-0.8% year-over-year change

Silver Lake income by age

In Silver Lake, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $85,250. Those with someone between 45 and 64 in charge, often well established professionally, earn $74,444 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $123,787, while those led by someone over 65, many of whom may be retired, have about $55,625 in earnings. Overall, 96.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $123,787 2.2%
25 - 44 $85,250 1.8%
45 - 64 $74,444 -31.1%
Over 65 $55,625 -3.8%
Above poverty level
744
Below poverty level
26
Value Percent YoY
change
Above poverty level 744 96.6% -11.7%
Below poverty level 26 3.4% -38.1%

Average renter income in Silver Lake

To get a better sense of what renters earn on average in Silver Lake, their median household income was $81,094 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 12.5%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$81,094
Rent-to-income ratio
12.5%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Silver Lake

Workforce and job types in Silver Lake

The job market in Silver Lake is powered by 463 working residents, spread across a range of industries and roles. 48.2% of the working population are employed in professional or administrative positions, while 51.8% are in hands-on or service-based jobs. Also, 5.6% run their own businesses, 78.6% are employed by private companies, and 9.3% work in the public sector.

Workforce demographics

Working population
463
-8.7% year-over-year change
White collar
223
Blue collar
240
Value Percent YoY change
White collar 223 48.2% -13.6%
Blue collar 240 51.8% -3.6%
Employer type
Self employees
5.6%
Private companies
78.6%
Governmental workers
9.3%
Not for profit companies
6.5%
Value Percent YoY change
Self employees 26 5.6% -16.1%
Private companies 364 78.6% -6.7%
Governmental workers 43 9.3% -20.4%
Not for profit companies 30 6.5% -6.2%
Unemployment rate
5.3%
-7.1% year-over-year change

Available workforce

The unemployment rate in Silver Lake stands at 5.3%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Silver Lake

How people get around in Silver Lake

Commuting methods vary: 92.3% of residents travel by personal vehicle and 1.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 419 92.3% -10.8%
Walk 8 1.8% -33.3%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Silver Lake by zipcode?

Zipcode Population Number of households Median income Average income
55381 1,819 767 $88,661 $100,864

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FAQs about Silver Lake demographics 

What is the total population of Silver Lake?

Silver Lake has a total population of 815 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -11.6% compared to a year ago.

What is the gender ratio in Silver Lake?

The gender ratio in Silver Lake is as follows:
  • 57.2% males (466 residents)
  • 42.8% females (349 residents)

What is the median age in Silver Lake?

The median age in Silver Lake is 43.7.

What is the age distribution of the population in Silver Lake?

The age distribution in Silver Lake is as follows:
  • Under 15: 13.9% (113 residents)
  • Ages 15-24: 14.5% (118 residents)
  • Ages 25-44: 22.8% (186 residents)
  • Ages 45-64: 27.2% (222 residents)
  • Over 65: 21.6% (176 residents)

What is the racial and ethnic makeup of Silver Lake?

The racial and ethnic makeup of Silver Lake is as follows:
  • White: 93.5% (762 residents)
  • Black or African American: 0.5% (4 residents)
  • American Indian and Alaska Native: 1.5% (12 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 4.5% (37 residents)
  • Other: 0% (0 residents)

What percentage of the population in Silver Lake are U.S.-born citizens?

U.S.-born citizens represent 98.9% of the population in Silver Lake.

How many housing units are there in Silver Lake?

There are 373 housing units in Silver Lake, reflecting a -7.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Silver Lake and what is the average household size?

Silver Lake has a total of 353 households, with an average of 2 people in each.

What is the median household income in Silver Lake?

Silver Lake has a median household income of $74,432, representing a -0.8% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Silver Lake?

The employment rate is 94.7% in Silver Lake, with a workforce of 463 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 48.2% (223 residents)
  • Blue-collar workers: 51.8% (240 residents)

Places of employment:
  • Self-employed: 5.6% (26 residents)
  • Private companies: 78.6% (364 residents)
  • Governmental workers: 9.3% (43 residents)
  • Not-for-profit companies: 6.5% (30 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025