Silver Rapids, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Silver Rapids, MN: Quick Facts & Overview
- Population: 5,361 residents (38 people per sq. mi.)
- Average House Price: $206,804
- Average Household Income: $62,008
Silver Rapids, MN is located in the state of Minnesota. It is home to about 5,361 people, with around 38 residents living in every square mile.
If you want to buy a house in Silver Rapids, the average price is around $206,804. That makes local housing 20% lower than the Minnesota average of $260,056, and 33% lower than the national average of $308,592.
The average household in Silver Rapids earns about $62,008 a year. This income is 24% lower than the average family in Minnesota ($82,068), and 21% lower than the national average ($78,686).
Population
5,361
Median Household Income
$62,008
Median Home Value
$206,804
Median Age
60.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $35,223 |
| Labor Force Participation | 51.8% |
| Unemployment Rate | 2.2% |
| Average Commute Time | 15.3 mins |
Housing & Community Metrics
| Home Ownership Rate | 75.0% |
| Median Rent | $644 |
| Rent Burdened (>30% Income) | 28.0% |
| Total Housing Units | 2,881 |
Additional Census & Housing Profile
Geographic Overview
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 38.2/sq mi |
| Coordinates (lat/lng) | 47.9038, -91.7554 |
| Timezone | America/Chicago |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.38 |
| Dual Income Families | 46.0% |
Marital Status
| Married | 47.2% |
| Never Married | 29.9% |
| Divorced | 16.3% |
| Widowed | 6.6% |
Gender
| Male | 49.9% |
| Female | 50.1% |
Health & Poverty
| Uninsured Rate (Health) | 5.7% |
| Poverty Rate | 10.1% |
Key Population Groups
| Veterans | 8.3% |
| Disabled Population | 16.1% |
| Limited English Proficiency | 1.1% |
All ZIP Codes in Silver Rapids
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55731 | 5,361 | $62,008 | $206,804 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Winton, MN | 2.7 miles | 124 |
| Ely, MN | 4.5 miles | 3,240 |
| Babbitt, MN | 20 miles | 1,393 |
| Soudan, MN | 23.1 miles | 415 |
| Tower, MN | 25.2 miles | 367 |
| Hoyt Lakes, MN | 29.1 miles | 2,064 |
| Aurora, MN | 34.2 miles | 1,792 |
| Biwabik, MN | 35.7 miles | 966 |
| Finland, MN | 40 miles | 257 |
| Gilbert, MN | 43.5 miles | 1,697 |
| Cook, MN | 43.5 miles | 423 |
| Virginia, MN | 44.2 miles | 8,332 |
| Mountain Iron, MN | 47.3 miles | 2,860 |
| Silver Bay, MN | 47.6 miles | 1,769 |
| Eveleth, MN | 47.7 miles | 3,448 |
| Orr, MN | 50.6 miles | 368 |