How many renters in Silver Bay, MN pay more than 30% of their income on rent?

Name: Rent burden in Silver Bay, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

38.9% (±19.0 points) of renting households in Silver Bay, MN spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

31.1% spend 35% or more.

The median renting household spends 19.3% of its income on rent.

Figures last updated on November 12, 2026.

Paying 30% or more: 38.9% (±19.0 points)
Paying 35% or more: 31.1% (±16.6 points)
Median share of income: 19.3% (±10.3 points)

Rent as a share of income in Silver Bay

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	Silver Bay	Lake County	Minnesota	United States
Less than 15%	28.1% (±21.4 points)	25.0%	12.9%	12.6%
15% to 19.9%	25.1% (±19.3 points)	13.8%	12.9%	12.2%
20% to 24.9%	5.4% (±7.9 points)	10.2%	13.9%	12.6%
25% to 29.9%	2.4% (±4.4 points)	6.0%	12.1%	11.5%
30% to 34.9%	7.8% (±9.2 points)	9.6%	9.7%	9.2%
35% or more	31.1% (±16.6 points)	35.4%	38.4%	41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Silver Bay against Lake County, its state and the nation

Estimate (90% margin of error)
	Silver Bay	Lake County	Minnesota	United States
Paying 30% or more	38.9% (±19.0 points)	45.0% (±14.4 points)	48.1% (±0.6 points)	51.1%
Paying 35% or more	31.1% (±16.6 points)	35.4% (±12.4 points)	38.4% (±0.5 points)	41.9%
Median share of income	19.3% (±10.3 points)	25.8% (±8.2 points)	29.2% (±0.3 points)	30.6%
Median renter household income	$92,917 (±$45,585)	$50,750 (±$20,368)	$51,080 (±$531)	$52,966
Median gross rent	$1,140 (±$109)	$1,093 (±$57)	$1,280 (±$7)	$1,413

In Silver Bay, the share of renters paying 30% or more of income is not measurably different from Lake County (45.0%).

It is not measurably different from Minnesota (48.1%).

It is not measurably different from the national figure (51.1%).

In Lake County, Silver Bay ranks 2 of 6 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 974 of 2,184.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Silver Bay

Nearest places with a published estimate, compared with Silver Bay
Place	Distance	Renters paying 30% or more of income	Compared with this place
Silver Bay	—	38.9% (±19.0 points)	—
Beaver Bay Township	6.1 mi	25.0% (±97.3 points)	Not measurably different
Silver Creek Township (Lake County)	15 mi	0.0% (±141.4 points)	Not measurably different
Crystal Bay Township	23 mi	8.0% (±53.7 points)	Not measurably different
Two Harbors	26 mi	57.0% (±20.1 points)	Not measurably different
Town of Russell (Bayfield County)	31 mi	26.6% (±12.8 points)	Not measurably different
Schroeder Township	31 mi	100.0% (±36.9 points)	Higher
Alden Township (St. Louis County)	32 mi	0.0% (±141.4 points)	Not measurably different
Town of Bayfield	32 mi	82.4% (±42.6 points)	Not measurably different

Nearby places with a measurably higher figure: Schroeder Township, MN (100.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Lake County, place by place

Rank	Place	Renters paying 30% or more of income
1	Two Harbors	57.0% (±20.1 points)
2	Silver Bay	38.9% (±19.0 points)
3	Beaver Bay Township	25.0% (±97.3 points)
4	Fall Lake Township	21.4% (±71.0 points)
5	Crystal Bay Township	8.0% (±53.7 points)
6	Silver Creek Township (Lake County)	0.0% (±141.4 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Silver Bay

Are renters in Silver Bay rent-burdened?

38.9% of renting households in Silver Bay pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Silver Bay spend on rent?

The median renting household in Silver Bay, MN spends 19.3% (±10.3 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Silver Bay city, Minnesota (place:60250, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.