Silver Bay, MN: An Awesome Community

Believing In Forgiveness

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The work force participationThe work force participation rate in Silver Bay is 56%, with an unemployment rate of 6%. For anyone into the labor force, the average commute time is 15.9 minutes. 5.5% of Silver Bay’s population have a graduate diploma, and 22% have a bachelors degree. For many without a college degree, 34.2% attended at least some college, 32.6% have a high school diploma, and only 5.7% possess an education significantly less than senior school. 7.1% are not covered by medical insurance.

The average family size in Silver Bay, MN is 2.49 family members members, with 84.6% owning their very own domiciles. The average home value is $93877. For people leasing, they pay out an average of $777 monthly. 49.9% of households have two incomes, and a median domestic income of $47639. Median income is $30343. 5.1% of inhabitants are living at or below the poverty line, and 14% are considered disabled. 6.6% of citizens are veterans associated with the military.