Economy & Jobs — Silver Bay, Minnesota
Income & Employment
| Median Household Income (Census) | $69,489 |
|---|
| Estimated 2026 | ~$80,800 |
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| Per Capita Income | $42,557 |
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| Poverty Rate | 9.9% |
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| Unemployment Rate | 2.8% |
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| In Labor Force | 782 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 33.3% |
| Retail | 20.3% |
| Arts Food | 9.9% |
Local Businesses (County)
| Type | Count |
|---|
| Full Service Restaurants | 17 |
| Hotels Motels | 14 |
| Fast Food | 9 |
| Gas Stations | 7 |
| Liquor Stores | 4 |
| General Merchandise | 4 |
| Beauty Salons | 4 |
| Auto Repair | 4 |
| Insurance Agencies | 4 |
| Commercial Banks | 3 |
| Nursing Care | 3 |
| Coffee Shops | 3 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
