55614 Zip Code

April 18, 2024

Zip Code:	55614
City/Town:	Silver Bay
State:	Minnesota

Population:	2,627
Per Capita Income:	$20,551
Mean Household Income:	$47,451

Total Housing Units:	1,163
Median Home Value:	$50,900
Median Year Homes Built:	1959

Land Area:	243.8 sq miles 631.4 sq kilometers
Water Area:	15.2 sq miles 39.4 sq kilometers

Population Information (55614 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,627

Male:

1,383

52.6%

49.2%

Female:

1,244

47.4%

50.8%

Median Age:

50.3 yrs

37.2 yrs

Under 5 years:

127

4.8%

6.5%

5 to 9 years:

5.8%

6.6%

10 to 19 years:

294

11.2%

13.8%

20 to 29 years:

240

9.1%

13.8%

30 to 39 years:

222

8.5%

13.0%

40 to 49 years:

317

12.1%

14.2%

50 to 59 years:

447

17.0%

13.6%

60 to 69 years:

310

11.8%

9.4%

70 to 79 years:

355

13.5%

5.4%

80 years and over:

220

8.4%

3.7%

Housing Information (55614 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$50,900

$119,600

Median year homes build:

1959

1971

Median real estate taxes:

$307 / yr.

$1,334 / yr.

Median rent:

$393 / mo.

$519 / mo.

Total households:

1,163

Family households:

772

66.4%

Nonfamily households:

391

33.6%

Households with individuals under 18 years:

259

22.3%

33.4%

Households with individuals 65 years and over:

439

37.7%

24.9%

Average household size:

2.2

Average family size:

2.7

Total housing units:

1,571

Occupied housing units:

1,163

74.0%

88.6%

Vacant housing units:

408

26.0%

11.4%

For rent:

1.0%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.7%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

338

21.5%

3.5%

All other vacants:

1.3%

2.8%

Homeowner vacancy rate:

2.5%

2.4%

Rental vacancy rate:

8.9%

9.2%

Owner-occupied housing units:

1,001

Population in owner-occupied housing units:

2,229

Average household size of owner-occupied units:

2.2

2.65

Renter-occupied housing units:

162

Population in renter-occupied housing units:

322

Average household size of renter-occupied units:

2.0

2.44

Educational Attainment (55614 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

2,004

Less than 9th grade:

4.7%

6.2%

9th to 12th grade, no diploma:

208

10.4%

8.7%

High school graduate (includes equivalency):

812

40.5%

29.0%

Some college, no degree:

454

22.7%

20.6%

Associate degree:

4.8%

7.5%

Bachelor's degree:

259

12.9%

17.6%

Graduate or professional degree:

3.9%

10.3%

Percent high school graduate or higher:

84.9%

85.0%

Percent bachelor's degree or higher:

16.9%

27.9%

Income Information (55614 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

1,133

43.1%

50.4%

Median income:

$27,306 / yr.

$27,932 / yr.

Full-time, year-round workers:

446

17.0%

59.7%

Median income:

$40,904 / yr.

$38,349 / yr.

Females 15 years and over with income:

987

37.6%

49.6%

Median income:

$10,270 / yr.

$16,327 / yr.

Full-time, year-round workers:

187

7.1%

40.3%

Median income:

$26,250 / yr.

$28,135 / yr.

All contents copyright © 2012-2024 TeraCodes.com. All rights reserved. This Internet site provides information of a general nature and is designed for educational purposes only. If you have any concerns please review the Terms of Use before using this site. Your use of the site indicates your agreement to be bound by the Terms of Use.

This site is published by TeraCodes, which is responsible for its contents as further described and qualified in the Privacy Policy and Terms of Use.