55614 ZIP Code – Silver Bay, Minnesota
ZIP code 55614 is a small ZIP code located in Silver Bay, Minnesota, within Lake County with a population of approximately 2,390 residents. At $69,924, the median household income here runs near the Minnesota average and near the U.S. average. Median home values of $157,900 are below the national average, with 85.5% owner-occupied housing (decreasing). , and the median rent of $939 is near the national average. Housing consists of 93% single-family (decreasing), 7% apartments (increasing).
The unemployment rate is 1.7%, well below the national average. An estimated 9.4% of the population falls below the poverty line, below the national figure. An estimated 22.9% of adults hold a bachelor's degree or higher, near the national average. Residents have a median age of 53.9, above the U.S. median. The surrounding area includes ZIP codes 55601, 55616, 55603.
ZIP Code 55614 Data
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ZIP 55614 vs. Minnesota vs. U.S.
| Metric | ZIP 55614 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 2,390 | 6,531 | 10k |
| Median Household Income | $69k | $77k | $73k |
| Median Home Value | $157k | $223k | $258k |
| Median Rent | $939 | $954 | $1,088 |
| Median Age | 53.9 | 43.2 | 43.2 |
| Unemployment Rate | 1.7% | 4.0% | 5.0% |
| Poverty Rate | 9.4% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 22.9% | 26.4% | 26.9% |
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Nearby ZIP Codes
- 55601 – Beaver Bay
- 55616 – Two Harbors
- 55603 – Finland
- 55607 – Isabella
- 55613 – Schroeder
- 55602 – Brimson
- 55750 – Hoyt Lakes
- 55609 – Knife River
- 55706 – Babbitt
- 55615 – Tofte
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55601 | BEAVER BAY | 152 | $71,875 |
| 55616 | TWO HARBORS | 7,300 | $75,966 |
| 55603 | FINLAND | 393 | $59,609 |
| 55607 | ISABELLA | 245 | $61,042 |
| 55613 | SCHROEDER | 187 | $70,417 |