Silver Bay, Minnesota (Zip Code 55614) is a city located in Lake Superior. It is known for its breathtaking views of the lake and the great outdoors. The 2 Bedroom Rent in Silver Bay is $1,150 which is much lower than the US average of $1,430. This makes it an affordable option for many people looking to live on the lake. Grocery Cost Index in Silver Bay is 94 versus 100 in the US. This means that groceries are cheaper here than in other parts of the country.
There are several local companies that provide services for those living in Silver Bay including Northern Air Services and Jenni's Family Restaurant. Northern Air Services provides air conditioning services as well as heating repair and installation services while Jenni's Family Restaurant serves up classic comfort food with a twist. Both companies are well-established businesses that have been serving the community for years. They both provide excellent service that residents trust and rely on.
Silver Bay (zip 55614) has an unemployment rate of 5.1%. The US average is 6.0%.
Silver Bay (zip 55614) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Silver Bay (zip 55614)
- The Sales Tax Rate for Silver Bay (zip 55614) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Silver Bay (zip 55614) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Silver Bay (zip 55614)
- The average income of a Silver Bay (zip 55614) resident is $41,596 a year. The US average is $37,638 a year.
- The Median household income of a Silver Bay (zip 55614) resident is $66,364 a year. The US average is $69,021 a year.