Silver Bay, MN Employment

B-
16%
Income/capita NAT. AVG.
1%
Household income NAT. AVG.
65%
Unemployment NAT. AVG.
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IndexSilver BayMinnesotaNational
Income per capita$34,459$33,225$29,829
Median household income$56,058$63,217$55,322
Median income owner occupied$59,034$77,618$70,586
Median income renter occupied$0$34,348$35,192
Median earnings male$55,774$40,933$36,919
Median earnings female$34,216$29,114$26,250
Unemployment rate1.6%3.4%4.7%
Poverty level6.1%10.8%15.1%
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Key findings

  • The income per capita in Silver Bay is 16% higher than the national average
  • The median household income in Silver Bay is 1% higher than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Silver Bay is 65% lower than the national average
  • The poverty level in Silver Bay is 60% lower than the national average

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      am i middle class

      $
      Input your household income
      $37,368 $56,058 $112,116
      City
      $42,140 $63,217 $126,434
      State
      $36,877 $55,322 $110,644
      Nation
      According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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      Silver Bay median earnings by income bracket

      Silver Bay employment by industry

      Labour TypeMaleFemale
      Construction industry6.3%6.3%
      Manufacturing sector18.1%18.1%
      Financial & insurance services3.4%3.4%
      Wholesale & retail services15.5%15.5%
      Public administration4.3%4.3%
      Transportation, warehousing & utilities5.7%5.7%
      Education, health & social services8.9%8.9%
      Other34.8%34.8%

      Nearby cities with high median household income

      City Population Household Income National Avg.
      Beaver Bay, MN64$65,31318.1%
      Finland, MN208$46,25016.4%
      Silver Bay, MN1,610$56,0581.3%

      Cities with similar population

      City Population Household Income National Avg.
      Dauphin Island, AL1,610$65,48118.4%
      Folsom, NJ1,610$101,25083.0%
      East Valley, NV1,610$107,08393.6%
      Fall Creek, WI1,610$47,50014.1%
      Pine Valley, CA1,611$107,79894.9%
      Silver Bay, MN1,610$56,0581.3%
      Source: The Silver Bay, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).
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