Silver Lake city, Minnesota Demographics & Population 2026
As of 2026, Silver Lake city, Minnesota has a total population of 922, the 374th largest city in Minnesota, with a median household income of $75,000, which is 14% lower than the state average. The poverty rate is 4.7%.
Key Takeaways
- An exceptionally low poverty rate of 4.7% — among the lowest in Minnesota.
- Housing is very affordable with a home-value-to-income ratio of just 2.5x.
Silver Lake city Quick Facts
How Silver Lake city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Silver Lake city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in McLeod County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hutchinson city | 14,629 | $71,730 | 10.7% | $210,300 |
| Glencoe city | 5,702 | $63,967 | 8.0% | $213,100 |
| Winsted city | 2,023 | $70,208 | 11.3% | $210,200 |
| Lester Prairie city | 1,848 | $87,188 | 5.3% | $217,000 |
| Stewart city | 570 | $62,692 | 9.5% | $115,900 |
| Brownton city | 530 | $77,159 | 6.8% | $148,500 |
| Plato city | 193 | $99,375 | 0.0% | $228,900 |
| Biscay city | 180 | $139,375 | 0.6% | $187,100 |
Cities Similar to Silver Lake city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Morristown city | 982 | $74,479 | $175,600 | 9.2% | 10.7% |
| Bird Island city | 964 | $71,190 | $114,600 | 19.5% | 10.6% |
| Grand Meadow city | 954 | $68,750 | $169,100 | 28.5% | 7.5% |
| Brownsdale city | 860 | $76,500 | $137,600 | 15.9% | 9.1% |
| Biwabik city | 882 | $69,620 | $109,500 | 33.8% | 5.8% |
Population Overview
Silver Lake city is a small community located in Minnesota, within McLeod County. The total population is 922. It ranks as the 374th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Silver Lake city is 40.0 years. This is 4% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Silver Lake city is $75,000. This is 14% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 5% lower. The poverty rate stands at 4.7%. This is 49% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 5.2%. This is 33% higher than the state rate of 3.9%. The median home value is $184,800. Housing costs are 40% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.5x, Silver Lake city is one of the most affordable housing markets in the area. 78.9% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 72.4%.
Race & Ethnicity
Silver Lake city has a predominantly White (non-Hispanic) population, comprising 87.4% of all residents. Hispanic or Latino residents account for 5.5%. The Black or African American population (0.8%) is well below the state average of 6.7%.
Education
12.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 68% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.5%.
Data Sources & Methodology
All demographic data for Silver Lake city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Silver Lake city, Minnesota?
Silver Lake city, Minnesota has a population of 922 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Silver Lake city, MN?
The median household income in Silver Lake city is $75,000, which is 5% lower the national median of $78,538.
What is the poverty rate in Silver Lake city, MN?
The poverty rate in Silver Lake city is 4.7%. This means approximately 42 residents live below the federal poverty line.
What is the racial makeup of Silver Lake city, Minnesota?
Silver Lake city's population is 87.4% White, 0.8% Black, 5.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Silver Lake city, MN?
The median home value in Silver Lake city is $184,800. The home-value-to-income ratio is 2.5x.
How educated is Silver Lake city, Minnesota?
12.3% of adults (25+) in Silver Lake city hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.