Silver Lake vs Winsted

A side-by-side comparison of Silver Lake and Winsted: population, income, housing, and more.

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

Winsted has the higher population (2,023 vs 922 in Silver Lake). Silver Lake has the higher median household income ($75,000 vs $70,208 in Winsted). Winsted has the higher median home value ($210,200 vs $184,800 in Silver Lake).

Population, income & housing

	Silver Lake	Winsted
Population	922	2,023
Median age	40.0 yrs	46.3 yrs
Median household income	$75,000	$70,208
Median home value	$184,800	$210,200
Median gross rent	$769	$797
Housing units	403	1,025
Homeownership rate	78.9%	74.9%
Bachelor's degree or higher	12.3%	14.3%
Unemployment rate	5.2%	1.4%

Trends (ACS 5-year, 2019–2023)

	Silver Lake	Winsted
Population	945 → 922 (-2.4%)	2,180 → 2,023 (-7.2%)
Median household income	$64,479 → $75,000 (+16.3%)	$59,286 → $70,208 (+18.4%)
Median home value	$140,700 → $184,800 (+31.3%)	$159,300 → $210,200 (+32.0%)
Median gross rent	$525 → $769 (+46.5%)	$706 → $797 (+12.9%)

Silver Lake

Population

945922

Median household income

$64,479$75,000

Median home value

$140,700$184,800

Median gross rent

$525$769

Winsted

Population

2,1802,023

Median household income

$59,286$70,208

Median home value

$159,300$210,200

Median gross rent

$706$797

Age & race/ethnicity

Age distribution (share)

	Silver Lake	Winsted
Under 5	5.0%	4.3%
5 to 17	17.4%	12.4%
18 to 24	10.4%	13.7%
25 to 34	10.6%	9.5%
35 to 44	13.9%	9.6%
45 to 54	9.1%	11.5%
55 to 64	14.8%	21.7%
65 to 74	12.4%	8.7%
75 and over	6.5%	8.4%

Race & ethnicity (share)

	Silver Lake	Winsted
White (non-Hispanic)	87.4%	91.6%
Black or African American	0.8%	0.4%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	6.3%	5.2%
Hispanic or Latino	5.5%	2.7%

Educational attainment (age 25+)

Share of adults 25+

	Silver Lake	Winsted
No high school diploma	14.5%	6.6%
High school graduate	43.4%	45.0%
Some college or associate's	29.8%	34.1%
Bachelor's degree	8.4%	11.6%
Graduate or professional degree	3.9%	2.7%

Commute to work

How workers get to work (share)

	Silver Lake	Winsted
Drove alone	83.5%	81.2%
Carpooled	8.8%	12.8%
Public transit	0.0%	0.0%
Walked	2.4%	0.9%
Bicycle	0.0%	0.0%
Worked from home	4.7%	4.5%
Other means	0.6%	0.6%

Housing

Units in structure (share)

	Silver Lake	Winsted
1-unit, detached	75.9%	66.1%
1-unit, attached	0.5%	6.0%
2 to 4 units	13.4%	0.8%
5 to 19 units	10.2%	16.6%
20 or more units	0.0%	2.3%
Mobile home & other	0.0%	8.2%

Poverty & households

	Silver Lake	Winsted
Poverty rate	4.7%	11.3%
Average household size	2.41	2.02
Mean commute (minutes)	24	30
Median year structure built	1955	1974