Silver Lake

Population: 922
Median household income: $75,000
Median home value: $184,800

Silver Lake is a community in McLeod County, Minnesota, home to 922 residents. Its median household income of $75,000 runs below the McLeod County figure of $78,468.

From 2019 to 2023, Silver Lake's population declined 2.4% from 945 to 922, while its median home value rose 31.3% from $140,700 to $184,800.

Owners occupy 78.9% of the area's occupied homes. The median resident is 40.0 years old.

Demographics

ACS 2019–2023

Population: 922
Median age: 40.0 yrs
Median household income: $75,000
Median home value: $184,800
Median gross rent: $769
Housing units: 403
Homeownership rate: 78.9%
Bachelor's degree or higher: 12.3%
Unemployment rate: 5.2%

Trends

ACS 5-year · 2019–2023

Population

945922

Median household income

$64,479$75,000

Median home value

$140,700$184,800

Median gross rent

$525$769

Year	Population	Median household income	Median home value	Median gross rent
2019	945	$64,479	$140,700	$525
2020	906	$59,792	$134,600	$636
2021	850	$62,000	$140,400	$713
2022	822	$70,547	$163,500	$773
2023	922	$75,000	$184,800	$769

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.0%

5 to 1717.4%

18 to 2410.4%

25 to 3410.6%

35 to 4413.9%

45 to 549.1%

55 to 6414.8%

65 to 7412.4%

75 and over6.5%

	Count	Share
Under 5	46	5.0%
5 to 17	160	17.4%
18 to 24	96	10.4%
25 to 34	98	10.6%
35 to 44	128	13.9%
45 to 54	84	9.1%
55 to 64	136	14.8%
65 to 74	114	12.4%
75 and over	60	6.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	806	87.4%
Black or African American	7	0.8%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	58	6.3%
Hispanic or Latino (any race)	51	5.5%

Educational attainment (age 25+)

No high school diploma14.5%

High school graduate43.4%

Some college or associate's29.8%

Bachelor's degree8.4%

Graduate or professional degree3.9%

	Count	Share
No high school diploma	90	14.5%
High school graduate	269	43.4%
Some college or associate's	185	29.8%
Bachelor's degree	52	8.4%
Graduate or professional degree	24	3.9%

Commute to work

Mean travel time to work: 24 min

Drove alone83.5%

Carpooled8.8%

Public transit0.0%

Walked2.4%

Bicycle0.0%

Worked from home4.7%

Other means0.6%

How workers get to work

	Count	Share
Drove alone	425	83.5%
Carpooled	45	8.8%
Public transit	0	0.0%
Walked	12	2.4%
Bicycle	0	0.0%
Worked from home	24	4.7%
Other means	3	0.6%

Travel time

	Count	Share
Under 15 min	111	22.9%
15 to 29 min	237	48.9%
30 to 44 min	48	9.9%
45 to 59 min	39	8.0%
60+ min	50	10.3%

Households

Average household size: 2.41
Poverty rate: 4.7% (42 of 893)

	Count	Share
Family households	207	55.9%
Nonfamily households	163	44.1%

Housing

Median year structure built: 1955

Occupancy

	Count	Share
Occupied	370	91.8%
Vacant	33	8.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	292	78.9%
Renter-occupied	78	21.1%

1-unit, detached75.9%

1-unit, attached0.5%

2 to 4 units13.4%

5 to 19 units10.2%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	306	75.9%
1-unit, attached	2	0.5%
2 to 4 units	54	13.4%
5 to 19 units	41	10.2%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2760376
Type (LSAD): 25
Land area: 0.41 sq mi
Water area: 0 sq mi
Center point: 44.9042, -94.1986