Silver Bay, MN
1,769Residents
$69,489Median household income
$1,140/moMedian gross rent
$158,900Median home value
47.6Median age
22%Adults with a bachelor’s degree or higher
80%Homes lived in by their owners
2.3×Home value to household income
Median rent takes about 20% of the median household income in Silver Bay.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $46,000 a year. In Minnesota that leaves roughly $3,001 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.