Silver Bay, MN Employment - Median Household Income, Unemployment Rate

B-

16%

Income/capita NAT. AVG.

1%

Household income NAT. AVG.

65%

Unemployment NAT. AVG.

Index	Silver Bay	Minnesota	National
Income per capita	$34,459	$33,225	$29,829
Median household income	$56,058	$63,217	$55,322
Median income owner occupied	$59,034	$77,618	$70,586
Median income renter occupied	$0	$34,348	$35,192
Median earnings male	$55,774	$40,933	$36,919
Median earnings female	$34,216	$29,114	$26,250
Unemployment rate	1.6%	3.4%	4.7%
Poverty level	6.1%	10.8%	15.1%

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Key findings

The income per capita in Silver Bay is 16% higher than the national average
The median household income in Silver Bay is 1% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Silver Bay is 65% lower than the national average
The poverty level in Silver Bay is 60% lower than the national average

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am i middle class

$37,368 $56,058 $112,116

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Silver Bay median earnings by income bracket

Silver Bay employment by industry

Labour Type	Male	Female
Construction industry	6.3%	6.3%
Manufacturing sector	18.1%	18.1%
Financial & insurance services	3.4%	3.4%
Wholesale & retail services	15.5%	15.5%
Public administration	4.3%	4.3%
Transportation, warehousing & utilities	5.7%	5.7%
Education, health & social services	8.9%	8.9%
Other	34.8%	34.8%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Beaver Bay, MN	64	$65,313	18.1%
Finland, MN	208	$46,250	16.4%
Silver Bay, MN	1,610	$56,058	1.3%

Cities with similar population

City	Population	Household Income	National Avg.
Dauphin Island, AL	1,610	$65,481	18.4%
Folsom, NJ	1,610	$101,250	83.0%
East Valley, NV	1,610	$107,083	93.6%
Fall Creek, WI	1,610	$47,500	14.1%
Pine Valley, CA	1,611	$107,798	94.9%
Silver Bay, MN	1,610	$56,058	1.3%

Source: The Silver Bay, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).