Silver Lake, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Silver Lake, MN: Quick Facts & Overview
- Population: 815 residents (766 people per sq. mi.)
- Average House Price: $202,580
- Average Household Income: $74,432
Silver Lake, MN is located in the state of Minnesota. It is home to about 815 people, with around 766 residents living in every square mile.
If you want to buy a house in Silver Lake, the average price is around $202,580. That makes local housing 22% lower than the Minnesota average of $260,056, and 34% lower than the national average of $308,592.
The average household in Silver Lake earns about $74,432 a year. This income is 9% lower than the average family in Minnesota ($82,068), and 5% lower than the national average ($78,686).
Population
815
Median Household Income
$74,432
Median Home Value
$202,580
Median Age
43.7 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $48,854 |
| Labor Force Participation | 70.5% |
| Unemployment Rate | 5.3% |
| Average Commute Time | 25.0 mins |
Housing & Community Metrics
| Home Ownership Rate | 80.2% |
| Median Rent | $844 |
| Rent Burdened (>30% Income) | - |
| Total Housing Units | 353 |
Additional Census & Housing Profile
Geographic Overview
| County | McLeod |
| County FIPS | 27085 |
| Metro Area (CBSA) | Hutchinson, MN |
| Combined Area (CSA) | Minneapolis-St. Paul, MN-WI |
| Population Density | 765.7/sq mi |
| Coordinates (lat/lng) | 44.9041, -94.1986 |
| Timezone | America/Chicago |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 3.30 |
| Dual Income Families | 57.4% |
Marital Status
| Married | 46.0% |
| Never Married | 41.0% |
| Divorced | 6.8% |
| Widowed | 6.1% |
Gender
| Male | 57.2% |
| Female | 42.8% |
Health & Poverty
| Uninsured Rate (Health) | 2.7% |
| Poverty Rate | 3.3% |
Key Population Groups
| Veterans | 6.3% |
| Disabled Population | 16.1% |
| Limited English Proficiency | 0.6% |
All ZIP Codes in Silver Lake
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55381 | 1,819 | $88,661 | $243,002 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Biscay, MN | 6.5 miles | 138 |
| Lester Prairie, MN | 8 miles | 1,898 |
| Winsted, MN | 8.2 miles | 2,181 |
| Hutchinson, MN | 8.8 miles | 14,680 |
| Glencoe, MN | 9.6 miles | 5,695 |
| New Germany, MN | 11.1 miles | 595 |
| Cokato, MN | 12 miles | 2,782 |
| Plato, MN | 12 miles | 242 |
| Howard Lake, MN | 12.6 miles | 1,832 |
| Dassel, MN | 13.6 miles | 1,358 |
| Brownton, MN | 14 miles | 546 |
| Mayer, MN | 15.1 miles | 2,518 |
| Waverly, MN | 15.9 miles | 2,285 |
| New Auburn, MN | 16.1 miles | 436 |
| Norwood Young America, MN | 16.4 miles | 3,849 |
| Hamburg, MN | 16.5 miles | 547 |
| Darwin, MN | 17 miles | 358 |
| Montrose, MN | 17.6 miles | 3,888 |
| Watertown, MN | 17.8 miles | 4,790 |
| Green Isle, MN | 18.1 miles | 466 |
| Stewart, MN | 18.8 miles | 644 |
| Waconia, MN | 20.5 miles | 13,434 |
| Kingston, MN | 20.9 miles | 206 |
| Arlington, MN | 21.3 miles | 2,065 |
| Delano, MN | 21.9 miles | 6,942 |
| Litchfield, MN | 21.9 miles | 6,576 |
| Cologne, MN | 21.9 miles | 2,282 |
| St. Bonifacius, MN | 22.1 miles | 1,997 |
| Crown College, MN | 22.4 miles | 422 |
| Buffalo Lake, MN | 23.5 miles | 635 |
| Minnetrista, MN | 24 miles | 8,708 |
| Gaylord, MN | 24.1 miles | 2,073 |
| Cosmos, MN | 24.4 miles | 536 |
| Maple Lake, MN | 24.6 miles | 2,042 |
| Annandale, MN | 24.9 miles | 3,399 |
| Buffalo, MN | 25.1 miles | 16,499 |
| Independence, MN | 25.3 miles | 3,694 |
| Rockford, MN | 25.7 miles | 4,597 |
| Winthrop, MN | 26.2 miles | 1,381 |
| Mound, MN | 26.5 miles | 9,107 |
| Victoria, MN | 26.6 miles | 11,295 |
| South Haven, MN | 26.9 miles | 214 |
| Maple Plain, MN | 27.2 miles | 1,701 |
| Hector, MN | 27.6 miles | 1,130 |
| Spring Park, MN | 27.8 miles | 1,896 |
| Carver, MN | 28.4 miles | 6,239 |
| Greenfield, MN | 28.4 miles | 2,894 |
| Kimball, MN | 28.8 miles | 709 |
| Grove City, MN | 29 miles | 814 |
| Fairhaven, MN | 29 miles | 255 |
| Belle Plaine, MN | 29.1 miles | 7,423 |
| Loretto, MN | 29.4 miles | 784 |
| Chaska, MN | 29.5 miles | 28,706 |
| Henderson, MN | 29.6 miles | 875 |
| Shorewood, MN | 29.8 miles | 7,647 |
| Tonka Bay, MN | 29.9 miles | 1,270 |
| Orono, MN | 30 miles | 8,195 |
| Silver Creek, MN | 30.1 miles | 167 |
| Gibbon, MN | 30.2 miles | 918 |
| Watkins, MN | 30.3 miles | 765 |
| Excelsior, MN | 30.9 miles | 2,570 |
| Chanhassen, MN | 31.3 miles | 26,006 |
| Long Lake, MN | 31.3 miles | 1,728 |
| Medina, MN | 31.4 miles | 6,968 |
| Hanover, MN | 31.5 miles | 3,626 |
| Greenwood, MN | 31.5 miles | 699 |
| St. Michael, MN | 32.1 miles | 20,010 |
| Jordan, MN | 32.2 miles | 6,771 |
| Atwater, MN | 32.5 miles | 1,203 |
| Deephaven, MN | 32.8 miles | 3,793 |
| Lafayette, MN | 33 miles | 484 |
| Corcoran, MN | 33.2 miles | 7,302 |
| Le Sueur, MN | 33.3 miles | 4,215 |
| Monticello, MN | 33.5 miles | 14,858 |
| Lake Lillian, MN | 33.5 miles | 157 |
| Woodland, MN | 33.6 miles | 477 |
| Wayzata, MN | 33.7 miles | 4,354 |
| Eden Valley, MN | 33.7 miles | 1,002 |
| Albertville, MN | 34.8 miles | 8,207 |
| Bird Island, MN | 35.4 miles | 930 |
| Clearwater, MN | 35.8 miles | 1,970 |
| Rogers, MN | 36 miles | 13,685 |
| Minnetonka, MN | 36.2 miles | 53,064 |
| Eden Prairie, MN | 36.4 miles | 63,051 |
| Shakopee, MN | 36.5 miles | 46,012 |
| Becker, MN | 36.6 miles | 5,034 |
| Fairfax, MN | 36.6 miles | 1,088 |
| Plymouth, MN | 36.9 miles | 79,220 |
| Big Lake, MN | 37.5 miles | 12,367 |
| Otsego, MN | 37.7 miles | 22,245 |
| St. Augusta, MN | 37.7 miles | 3,625 |
| Maple Grove, MN | 38.6 miles | 71,173 |
| Medicine Lake, MN | 38.6 miles | 596 |
| Clear Lake, MN | 38.7 miles | 579 |
| Hopkins, MN | 38.8 miles | 18,819 |
| Prior Lake, MN | 39.1 miles | 28,016 |
| Rockville, MN | 39.2 miles | 2,452 |
| Kandiyohi, MN | 39.2 miles | 493 |
| New Prague, MN | 39.3 miles | 8,237 |
| Cold Spring, MN | 39.8 miles | 4,249 |