What is the median household income in Silver Creek Township (Lake County), MN?
The median household income in Silver Creek Township (Lake County), MN is $87,564 (±$3,809) a year (2020–2024 American Community Survey).
In Silver Creek Township (Lake County), the median household income went from $64,911 in 2015–2019 to $87,564 in 2020–2024 (+34.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $87,564 (±$3,809)
- Median renter income
- $78,889 (±$3,859)
Income in Silver Creek Township (Lake County) against Lake County, its state and the nation
| Silver Creek Township (Lake County) | Lake County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $87,564 (±$3,809) | $75,541 (±$4,705) | $89,062 (±$409) | $80,734 |
| Median renter household income | $78,889 (±$3,859) | $50,750 (±$20,368) | $51,080 (±$531) | $52,966 |
| Median owner household income | $87,838 (±$3,595) | $79,988 (±$4,175) | $108,214 (±$476) | $100,009 |
| Median gross rent | — | $1,093 (±$57) | $1,280 (±$7) | $1,413 |
In Silver Creek Township (Lake County), median household income is higher than in Lake County ($75,541).
It is not measurably different from Minnesota ($89,062).
It is higher than the national figure ($80,734).
In Lake County, Silver Creek Township (Lake County) ranks 2 of 8 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1152 of 2,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $64,911 (±$10,210) | $87,564 (±$3,809) | +34.9% | No measurable change after inflation |
| Median home value | $225,000 (±$20,740) | $369,900 (±$38,002) | +64.4% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Silver Creek Township (Lake County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Silver Creek Township (Lake County) | — | $87,564 (±$3,809) | — |
| Pequaywan Township | 13 mi | $87,500 (±$15,095) | Not measurably different |
| Beaver Bay | 14 mi | $36,875 (±$29,968) | Lower |
| Silver Bay | 15 mi | $69,489 (±$14,321) | Lower |
| Two Harbors | 15 mi | $65,625 (±$7,338) | Lower |
| Beaver Bay Township | 16 mi | $75,556 (±$6,564) | Lower |
| Ault Township | 17 mi | $76,875 (±$39,959) | Not measurably different |
| Alden Township (St. Louis County) | 17 mi | $85,625 (±$32,775) | Not measurably different |
| Bassett Township | 22 mi | $95,625 (±$20,339) | Not measurably different |
Nearby places with a measurably lower figure: Beaver Bay, MN ($36,875), Silver Bay, MN ($69,489), Two Harbors, MN ($65,625).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lake County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Fall Lake Township | $101,250 (±$24,307) |
| 2 | Silver Creek Township (Lake County) | $87,564 (±$3,809) |
| 3 | Stony River Township | $79,167 (±$23,111) |
| 4 | Beaver Bay Township | $75,556 (±$6,564) |
| 5 | Crystal Bay Township | $70,625 (±$22,808) |
| 6 | Silver Bay | $69,489 (±$14,321) |
| 7 | Two Harbors | $65,625 (±$7,338) |
| 8 | Beaver Bay | $36,875 (±$29,968) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Silver Creek Township (Lake County)
What is the median household income in Silver Creek Township (Lake County)?
The median household income in Silver Creek Township (Lake County) is $87,564 (±$3,809) a year (2020–2024 American Community Survey).
Have incomes in Silver Creek Township (Lake County) kept up with inflation?
In Silver Creek Township (Lake County), the median household income went from $64,911 in 2015–2019 to $87,564 in 2020–2024 (+34.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Silver Creek Township (Lake County)?
The median renting household in Silver Creek Township (Lake County), MN earns $78,889 (±$3,859) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Creek township, Lake County, Minnesota (county subdivision:60304, in state:27 county:075).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
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.
Figures last updated on .
Related
- Housing in Silver Creek Township (Lake County) at a glance
- Home values in Silver Creek Township (Lake County)
- Homeowner costs in Silver Creek Township (Lake County)
- Property taxes in Silver Creek Township (Lake County)
- Types of homes in Silver Creek Township (Lake County)
- Bedrooms in Silver Creek Township (Lake County)
- Age of homes in Silver Creek Township (Lake County)
- Heating fuel in Silver Creek Township (Lake County)
- Commute and cars in Silver Creek Township (Lake County)
- Population growth in Silver Creek Township (Lake County)
- Minnesota landlord and tenant rules
- Housing across Lake County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota