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Cost of Living in Silver Bay, MN

74.3
Very Affordable · National average is 100

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$65,882
Median Income
$941/mo
Median Rent
$129,100
Median Home
1,690
Population

Cost Breakdown

🏠Housing
70.5
0Nat'l Avg (100)200
🛒Groceries
71.9
0Nat'l Avg (100)200
🚗Transportation
65.6
0Nat'l Avg (100)200
🏥Healthcare
61.9
0Nat'l Avg (100)200
⚡Utilities
72.1
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$734
est.
$828
est.
$941$1,204
est.
$1,374
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Silver Bay with cities in the area

Two Harbors, MN
Very Affordable
72.7
Washburn, WI
Very Affordable
72.8
Babbitt, MN
Very Affordable
61.5
Ashland, WI
Very Affordable
68.5
Ely, MN
Very Affordable
66.5
Hoyt Lakes, MN
Very Affordable
63
Compare Silver Bay vs Two HarborsCompare Silver Bay vs WashburnCompare Silver Bay vs Babbitt