Income & Economy in Silver Bay city, MN (55614)
Median Income
$74,313
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+174
Wealth inflow
Population
2,450
Unemployment
1.7%
2.0pp below US avg
IRS migration statistics show a net inflow of about 174 for ZIP 55614 (Silver Bay city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 55614 (2020–Present)
Since 2020, population grew 13.2%, median income rose 4.2% (inflation-adjusted), home values increased 26.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $74,313 |
| Unemployment | 1.7% |
| Establishments | 53 |
| Employees | 376 |