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

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B

9%

Income/capita NAT. AVG.

8%

Household income NAT. AVG.

68%

Unemployment NAT. AVG.

Index	Silver Lake	Minnesota	National
Income per capita	$32,382	$33,225	$29,829
Median household income	$59,792	$63,217	$55,322
Median income owner occupied	$59,375	$77,618	$70,586
Median income renter occupied	$60,833	$34,348	$35,192
Median earnings male	$52,679	$40,933	$36,919
Median earnings female	$32,679	$29,114	$26,250
Unemployment rate	1.5%	3.4%	4.7%
Poverty level	6.7%	10.8%	15.1%

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Key findings

The income per capita in Silver Lake is 9% higher than the national average
The median household income in Silver Lake is 8% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Silver Lake is 68% lower than the national average
The poverty level in Silver Lake is 55% lower than the national average

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am i middle class

$39,857 $59,792 $119,584

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 Lake median earnings by income bracket

Silver Lake employment by industry

Labour Type	Male	Female
Construction industry	19.0%	19.0%
Manufacturing sector	41.9%	41.9%
Financial & insurance services	0.6%	0.6%
Wholesale & retail services	8.4%	8.4%
Public administration	0.6%	0.6%
Transportation, warehousing & utilities	11.6%	11.6%
Education, health & social services	2.6%	2.6%
Other	15.2%	15.2%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Mayer, MN	2,313	$100,958	82.5%
Biscay, MN	213	$96,250	74.0%
Waverly, MN	1,513	$95,368	72.4%
Hamburg, MN	554	$76,667	38.6%
Montrose, MN	3,505	$72,375	30.8%
Silver Lake, MN	906	$59,792	8.1%

Cities with similar population

City	Population	Household Income	National Avg.
North Edwards, CA	906	$55,417	0.2%
Newport, DE	906	$68,355	23.6%
Elizabeth, IL	906	$36,250	34.5%
East Gull Lake, MN	906	$89,545	61.9%
Hallock, MN	906	$56,087	1.4%
Silver Lake, MN	906	$59,792	8.1%

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