ZIP Code 55614
Located in Silver Bay, MN (Lake County)
ZIP Code 55614 (Silver Bay, MN): Quick Facts & Overview
- Population: 2,485 residents (4 people per sq. mi.)
- Average House Price: $181,985
- Average Household Income: $72,981
ZIP code 55614 primarily serves Silver Bay, MN in Lake County. An estimated 2,485 people live within this area, with about 4 residents living in every square mile.
If you are looking for a home in ZIP code 55614, the average price is around $181,985. That makes local housing 30% lower than the Minnesota average of $260,056, and 41% lower than the national average of $308,592.
The average household in 55614 earns about $72,981 a year. This income is 11% lower than the average family in Minnesota ($82,068), and 7% lower than the national average ($78,686).
Population
2,485
Median Household Income
$72,981
Median Home Value
$181,985
Median Age
51.8 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $42,734 |
| Labor Force Participation | 48.8% |
| Unemployment Rate | 2.1% |
| Average Commute Time | 21.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 85.5% |
| Median Rent | $1,138 |
| Rent Burdened (>30% Income) | 15.8% |
| Total Housing Units | 1,240 |
Additional Census & Housing Profile
Geographic Overview
| Primary City | Silver Bay |
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 4.4/sq mi |
| Coordinates (lat/lng) | 47.3641, -91.4039 |
| Timezone | America/Chicago |
Household Structure
| Average Family Size | 2.46 |
| Dual Income Families | 40.2% |
Marital Status
| Married | 49.6% |
| Never Married | 27.8% |
| Divorced | 14.5% |
| Widowed | 8.1% |
Gender
| Male | 51.1% |
| Female | 48.9% |
Health & Poverty
| Uninsured Rate (Health) | 1.4% |
| Poverty Rate | 9.7% |
Key Population Groups
| Veterans | 6.5% |
| Disabled Population | 14.0% |
| Limited English Proficiency | 0.3% |
All ZIP Codes in Silver Bay
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55614 Current | 2,485 | $72,981 | $181,985 |
Nearby ZIP Codes
| ZIP Code | City / State | Distance | Population |
|---|---|---|---|
| 55601 | Beaver Bay, MN | 9.2 miles | 128 |
| 55616 | Two Harbors, MN | 14.7 miles | 7,250 |
| 55603 | Finland, MN | 15.8 miles | 490 |
| 55607 | Isabella, MN | 19.3 miles | 192 |
| 55602 | Brimson, MN | 23.8 miles | 346 |
| 55613 | Schroeder, MN | 24.7 miles | 232 |
| 55750 | Hoyt Lakes, MN | 30 miles | 2,068 |
| 55609 | Knife River, MN | 33 miles | 131 |
| 55706 | Babbitt, MN | 33.4 miles | 1,703 |
| 55615 | Tofte, MN | 36 miles | 379 |
| 55763 | Makinen, MN | 38.4 miles | 495 |
| 55804 | Duluth, MN | 38.5 miles | 15,922 |
| 55803 | Duluth, MN | 38.7 miles | 17,662 |
| 55705 | Aurora, MN | 39.9 miles | 3,211 |
| 54844 | Herbster, WI | 40.9 miles | 243 |
| 54827 | Cornucopia, WI | 41.4 miles | 300 |
| 54814 | Bayfield, WI | 41.8 miles | 2,762 |
| 54865 | Port Wing, WI | 42.6 miles | 517 |
| 55796 | Winton, MN | 43.1 miles | 135 |
| 55612 | Lutsen, MN | 43.4 miles | 535 |
| 55732 | Embarrass, MN | 43.9 miles | 1,453 |
| 55708 | Biwabik, MN | 45.7 miles | 929 |
| 55731 | Ely, MN | 46 miles | 5,361 |
| 55741 | Gilbert, MN | 46.4 miles | 2,947 |
| 55724 | Cotton, MN | 47.2 miles | 707 |
| 54850 | La Pointe, WI | 47.7 miles | 321 |
| 55782 | Soudan, MN | 49 miles | 420 |
| 55812 | Duluth, MN | 49.5 miles | 10,859 |
| 54891 | Washburn, WI | 50.4 miles | 3,297 |
| 55805 | Duluth, MN | 50.7 miles | 10,602 |
| 55717 | Canyon, MN | 51 miles | 287 |