Silver Lake, MN Employment

B
9%
Income/capita NAT. AVG.
8%
Household income NAT. AVG.
68%
Unemployment NAT. AVG.
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IndexSilver LakeMinnesotaNational
Income per capita$32,382$33,225$29,829
Median household income$59,792$63,217$55,322
Median income owner occupied$59,375$77,618$70,586
Median income renter occupied$60,833$34,348$35,192
Median earnings male$52,679$40,933$36,919
Median earnings female$32,679$29,114$26,250
Unemployment rate1.5%3.4%4.7%
Poverty level6.7%10.8%15.1%
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Key findings

  • The income per capita in Silver Lake is 9% higher than the national average
  • The median household income in Silver Lake is 8% higher than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Silver Lake is 68% lower than the national average
  • The poverty level in Silver Lake is 55% lower than the national average

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      am i middle class

      $
      Input your household income
      $39,857 $59,792 $119,584
      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 Lake median earnings by income bracket

      Silver Lake employment by industry

      Labour TypeMaleFemale
      Construction industry19.0%19.0%
      Manufacturing sector41.9%41.9%
      Financial & insurance services0.6%0.6%
      Wholesale & retail services8.4%8.4%
      Public administration0.6%0.6%
      Transportation, warehousing & utilities11.6%11.6%
      Education, health & social services2.6%2.6%
      Other15.2%15.2%

      Nearby cities with high median household income

      City Population Household Income National Avg.
      Mayer, MN2,313$100,95882.5%
      Biscay, MN213$96,25074.0%
      Waverly, MN1,513$95,36872.4%
      Hamburg, MN554$76,66738.6%
      Montrose, MN3,505$72,37530.8%
      Silver Lake, MN906$59,7928.1%

      Cities with similar population

      City Population Household Income National Avg.
      North Edwards, CA906$55,4170.2%
      Newport, DE906$68,35523.6%
      Elizabeth, IL906$36,25034.5%
      East Gull Lake, MN906$89,54561.9%
      Hallock, MN906$56,0871.4%
      Silver Lake, MN906$59,7928.1%
      Source: The Silver Lake, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).
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