Cost of Living in Silver Bay, MN
Population: 1,790 | Minnesota
78
Cost of Living Index
US Average = 100
Silver Bay is 22% less expensive than the national average.
79
Housing
49
Home Values
96
Regional Price
Income
- Median Household Income
- $70,870
- vs US Median ($75,149)
- -6%
Housing
- Median Rent
- $1,044/mo
- Median Home Value
- $150,700
- Median Monthly Housing Cost
- $803/mo
Climate in Silver Bay
NOAA 30-year normals (1991-2020)
39.5°F
Avg Temperature
25.9"
Rainfall / Year
130d
Rainy Days / Year
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 24 | 27 | 35 | 45 | 55 | 62 | 70 | 70 | 63 | 52 | 39 | 29 |
| Avg °F | 15 | 18 | 27 | 37 | 47 | 53 | 60 | 62 | 56 | 45 | 33 | 22 |
| Low °F | 7 | 10 | 20 | 30 | 38 | 44 | 51 | 54 | 48 | 38 | 26 | 14 |
| Rain" | 0.8 | 0.9 | 1.2 | 2.2 | 2.5 | 3.7 | 3.1 | 2.4 | 2.7 | 3.0 | 1.9 | 1.5 |