Silver Bay, MN 55614

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 390 520 $11,418 $2,220
(12.82% of returns)
$1,925
(10.26% of returns)
$0
$25,000 to $50,000 290 500 $26,685 $1,816
(20.69% of returns)
$6,222
(31.03% of returns)
$3,720
$50,000 to $75,000 180 380 $38,320 $2,750
(22.22% of returns)
$16,300
(27.78% of returns)
$3,900
$75,000 to $100,000 170 420 $49,373 $6,666
(17.65% of returns)
$20,600
(29.41% of returns)
$4,340
$100,000 to $200,000 150 380 $86,980 $6,140
(33.33% of returns)
$24,875
(26.67% of returns)
$7,166
For Zip 1180 2200 $38,012

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18