Assisted Living in Silver Lake, Minnesota

There are 20 assisted living facilities serving Silver Lake, Minnesota. This includes 1 facility in Silver Lake and 19 nearby. The daily costs of assisted living in Minnesota range from $29 to $240, with a median cost running around $113. The monthly cost averages around $3,403 and ranges between $867 and $7,200. Yearly, the median cost is around $40,830, which is under the national average of $42,000.

The cost of assisted living in Silver Lake, MN can range from about $2,276 per month to $4,605 per month. The median cost is approximately $3,568 per month, or about $42,810 annually.

SeniorScore™ for Silver Lake, Minnesota

The SeniorScore™ is calculated based on over 100 variables, some of which are shown below. The final score is curved based on a linear curving method. For More info visit senioradvice.com/seniorscore.

SeniorScore™ Overview

Silver Lake scores significantly higher than the Minnesota average of 70.
Silver Lake scores higher than the national average of 72.

Health & Safety

There is a high number of Medicare registered physicians within the city limits.
There are 3 hospitals within close range of the city, including Glencoe Regional Health Services, Glencoe Regional Health Servs, and Hutchinson Area Health Care.
There are 17 senior living facilities in close proximity to the city, including Cedar Crest Estates, St Marys Care Center, and Frater Home Residence.
There is a low number of home healthcare providers operating in the city.
There is a high number of fire stations serving the city.
The average life expectancy is 81.1, compared to the national average of 78.6.
There are 43 pharmacies within close range of the city.
The area has a low property crime rate.
The area has a low violent crime rate.

Recreation & Leisure

The city has a low percentage of seniors in the population (27% of residents).
There are 29 golf courses in or around the city, including ShadowBrooke Golf Course, Cokato Town & Country Club, and Glencoe Country Club.
There are 6 parks near the city center, including Crow River Winery, LLC, Collinwood Lake Park, and Collinwood Regional Park Campground.
There are 13 churches in or near the city, including Evangelical Lutheran Church, Stockholm Lutheran Church, and Albion Evangelical Free Church.
There are 3 malls / shopping centers within close range of the city.
There are 18 grocery stores within the city.
There are 2 movie theatres in or near the city.
There are 18 gyms or health clubs in or near the city.

Finances

The property taxes average 2.83% of total income, which is higher than the national average of 2.79%.
The property taxes average 1.10% of property value, which is significantly lower than the national average of 1.09%.
The city sales taxes averages 7.38%, which is higher than the national average of 6.97%.
Minnesota has an average state income tax of 4.79%, compared to the national average of 3.38%.
The city's mean household income is $61,127, which is lower than the national average of $64,580.
The city's median household income is $57,891, which is significantly higher than the national median of $51,560.
The city's per capita income is $24,827, which is lower than the national average of $25,611.
Assisted living costs average $42,810 per year, which are average compared to national figures.
Nursing home costs average $94,451 per year, which are average compared to national costs.
Adult daycare costs average $15,860 per year, which are low compared to national numbers.
Home healthcare costs average $56,628 annually, which are very high compared to national costs.
The unemployment rate is about 6.00%, which is low compared to national averages.
The overall cost of living is high compared to national averages.
1% of the senior population are financially responsible for at least one grandchild.

General Quality of Life

Silver Lake receives low levels of rainfall each year.
Silver Lake has very harsh mean temperatures, with very cold winters and pleasant summers.
This city has above average air quality.
Silver Lake has a very sparse population density of 45.2 people per square mile.
Residents of Silver Lake have a long daily commute time.
The city has a high public transportation ridership.
Silver Lake has a very high public school quality ranking.
The city has a high public school safety rating.
This city has a high graduation rate of 91.33%.

Silver Lake is a municipality in McLeod County within the State of Minnesota. It has a population of only 2,063, with 1,077,918 residents in the encompassing statistical area. People who are over 55 make up about 27% of the community.

Silver Lake has a good SeniorScore™ of 79. The city has a median per capita income of $25,000 and a median household income is $58,000 (the Minnesota state average is $53,000). The current unemployment rate is around 6% and the average home price is $241,500, which is higher than the state average of $211,500.

Silver Lake has harsh average temperatures, with severely cold winters and pleasant summers. The area receives low levels of rain annually. In relation to other American cities, Silver Lake has better than average air quality ratings and a low crime rate.

More About Silver Lake, Minnesota

Cedar Crest Estates

1401 Main St W

Silver Lake, MN 55381

1-855-221-7955

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Located at 1401 Main St W, Cedar Crest Estates is a senior care community in Silver Lake, Minnesota. The surrounding area has a sparse population, with roughly 3,000 poeple living in the zip code of 55381. With an ...

Assisted Living in Silver Lake, Minnesota

SeniorScore™ for Silver Lake, Minnesota

SeniorScore™ Overview

Health & Safety

Recreation & Leisure

Finances

General Quality of Life

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