Silver Lake, MN
Population 922 · Minnesota
About Silver Lake, MN
Silver Lake is a small community in Minnesota with a population of 922 residents. The median household income is $75,000 per year, which is above the national average. The median age in Silver Lake is 40 years.
Housing in Silver Lake has a median home value of $184,800 and median monthly rent of $769. Of the 403 total housing units, the majority are owner-occupied, with 292 owner-occupied and 78 renter-occupied units.
The unemployment rate in Silver Lake is 5.2% and the poverty rate is 4.7%. 12.3% of residents hold a bachelor's degree or higher. The average commute time is 24.2 minutes.
Cost of Living in Silver Lake, MN
Compared to national averages, Silver Lake has a median household income of $75,000 (0% below the national median of $75,149). Home values average $184,800, which is 25% below the national median. Monthly rent at $769 is 34% below the US average of $1,163. Within Minnesota, Silver Lake's income is 1% above the state average of $74,221, and home values are 10% below the state median of $204,472.
Why Live in Silver Lake, MN?
Silver Lake offers affordable housing with a median home value of $184,800, below the US average of $244,900, and rent that’s lower than the national average at $769/month, and a low poverty rate of 4.7%, better than the national average. Additionally, the city features short commute times averaging just 24.2 minutes.
Potential considerations include median household income ($75,000) that falls below the national average. However, Silver Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Silver Lake has a population of 922 with a median age of 40 years. Compare Silver Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Silver Lake
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Browerville | 922 | $46,100 | $129,600 | Compare |
| Harris | 924 | $92,727 | $301,100 | Compare |
| Pine River | 928 | $39,858 | $133,300 | Compare |
| Henderson | 933 | $88,750 | $207,800 | Compare |
| Sherburn | 946 | $63,026 | $97,900 | Compare |
| Mazeppa | 948 | $88,929 | $231,200 | Compare |
| Carlton | 891 | $61,944 | $205,300 | Compare |
| Grand Meadow | 954 | $68,750 | $169,100 | Compare |
Demographics
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Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Silver Lake
What is the population of Silver Lake, MN?
The population of Silver Lake, MN is 922 according to the latest Census data.
What is the median household income in Silver Lake?
The median household income in Silver Lake, MN is $75,000 per year.
What is the median home value in Silver Lake?
The median home value in Silver Lake, MN is $184,800.
What is the average rent in Silver Lake?
The median monthly rent in Silver Lake, MN is $769.
What is the unemployment rate in Silver Lake?
The unemployment rate in Silver Lake, MN is 5.2%.