Finland vs Silver Bay

A side-by-side comparison of Finland and Silver Bay: population, income, housing, and more.

Finland and Silver Bay are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Silver Bay has the higher population (1,790 vs 220 in Finland). Silver Bay has the higher median household income ($70,870 vs $51,875 in Finland). Silver Bay has the higher median home value ($150,700 vs $122,600 in Finland).

Population, income & housing

	Finland	Silver Bay
Population	220	1,790
Median age	54.9 yrs	48.0 yrs
Median household income	$51,875	$70,870
Median home value	$122,600	$150,700
Median gross rent	$699	$1,044
Housing units	177	1,001
Homeownership rate	72.9%	80.8%
Bachelor's degree or higher	10.7%	19.6%
Unemployment rate	12.1%	2.3%

Trends (ACS 5-year, 2019–2023)

	Finland	Silver Bay
Population	179 → 220 (+22.9%)	1,722 → 1,790 (+3.9%)
Median household income	$41,458 → $51,875 (+25.1%)	$47,639 → $70,870 (+48.8%)
Median home value	$143,200 → $122,600 (-14.4%)	$95,300 → $150,700 (+58.1%)
Median gross rent	$627 → $699 (+11.5%)	$777 → $1,044 (+34.4%)

Finland

Population

179220

Median household income

$41,458$51,875

Median home value

$143,200$122,600

Median gross rent

$627$699

Silver Bay

Population

1,7221,790

Median household income

$47,639$70,870

Median home value

$95,300$150,700

Median gross rent

$777$1,044

Age & race/ethnicity

Age distribution (share)

	Finland	Silver Bay
Under 5	0.0%	4.6%
5 to 17	5.0%	14.6%
18 to 24	1.8%	5.9%
25 to 34	13.2%	9.2%
35 to 44	7.3%	10.6%
45 to 54	23.2%	10.9%
55 to 64	22.3%	14.7%
65 to 74	22.7%	16.2%
75 and over	4.5%	13.2%

Race & ethnicity (share)

	Finland	Silver Bay
White (non-Hispanic)	96.4%	90.1%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	1.3%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	3.6%	5.5%
Hispanic or Latino	0.0%	3.2%

Educational attainment (age 25+)

Share of adults 25+

	Finland	Silver Bay
No high school diploma	10.7%	5.4%
High school graduate	48.8%	31.0%
Some college or associate's	29.8%	44.0%
Bachelor's degree	4.9%	15.0%
Graduate or professional degree	5.9%	4.6%

Commute to work

How workers get to work (share)

	Finland	Silver Bay
Drove alone	84.8%	83.4%
Carpooled	5.1%	4.7%
Public transit	0.0%	0.0%
Walked	0.0%	3.5%
Bicycle	0.0%	0.0%
Worked from home	10.1%	8.4%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Finland	Silver Bay
1-unit, detached	84.7%	89.4%
1-unit, attached	0.0%	0.0%
2 to 4 units	0.0%	0.0%
5 to 19 units	0.0%	6.6%
20 or more units	0.0%	2.7%
Mobile home & other	15.3%	1.3%

Poverty & households

	Finland	Silver Bay
Poverty rate	20.5%	8.9%
Average household size	1.53	1.87
Mean commute (minutes)	26	18
Median year structure built	1970	1958