Last updated: 2024 BLS data · Page refreshed:
Silver Bay has a population of 1,769 with a median age of 47.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,769 |
| Median Age | 47.6 |
| White | 89.9% |
| Asian | 1.4% |
| Hispanic or Latino | 3.1% |
| Other / Two or More Races | 5.6% |
The median household income in Silver Bay is $69,489, which is 13.8% below the national median of $80,610. The per capita income is $41,711. The poverty rate is 9.9%.
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In Silver Bay, 96.6% of residents age 25+ have a high school diploma or higher, and 21.8% hold a bachelor's degree or higher (5.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.6% |
| Bachelor's Degree or Higher | 21.8% |
| Graduate or Professional Degree | 5.0% |
The median home value in Silver Bay is $158,900, below the national median of $303,400. The median monthly rent is $1,140. The homeownership rate is 80.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $158,900 |
| Median Monthly Rent | $1,140 |
| Homeownership Rate | 80.1% |
| Vacancy Rate | 11.2% |
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