All Countries
Silver Lake CDP (Essex County), NJ
Full City Profile · New Jersey · Essex County County
3.0
/5.0
B
Good
4,034
Population
12,224/sq mi density
$86,615
Median Income
$30,496 per capita
$483,700
Home Value
$1,103,768 Zillow
$1,501
Median Rent
21.4% income on rent
55°F
Avg Temperature
271 sunny days/yr
39
Violent Crime/100K
2,155 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$86,615 median income, 1.6% unemployment
B+
Affordability
3.5 / 5.0
$483,700 home value, $1,501/mo rent
F
Safety
1.0 / 5.0
39 violent crimes/100K
B
Education
3.1 / 5.0
26.3% bachelor's degree or higher
Income Overview
Median Household Income
$86,615
15% above
US avg: $75,149
Per Capita Income
$30,496
22% below
US avg: $39,052
Unemployment Rate
1.6%
56% below
US avg: 3.6%
Poverty Rate
9.6%
23% below
US avg: 12.4%
Income Comparison: Silver Lake CDP (Essex County) vs. U.S. Average
Each bar shows Silver Lake CDP (Essex County)’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$86,615
115%
Per Capita
US: $39,052
$30,496
78%
IRS Avg AGI
US: $72,000
$112,115
156%
Avg Weekly Wage
US: $1,432
$1,699
119%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,699
19% above US avg ($1,432)
Mean Commute Time
38 min
38% above US avg (28 min)
Work From Home
6.4%
58% below US avg (15.2%)
Drive Alone
58.9%
20% below US avg (73.2%)
Public Transit
16.9%
238% above US avg (5.0%)
County GDP
$76,180M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
58.9%
Public Transit
16.9%
Work From Home
6.4%
Other
17.8%
Average commute time
38 minutes
US avg: 28 min
Business Landscape
Total Establishments
23,692
Restaurants
1,759
Healthcare
2,593
Retail
2,565
Manufacturing
603
Tax & Financial
IRS Avg Adjusted Gross Income
$112,115
56% above US avg ($72,000)
Avg Property Tax
$16,276
365% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $86,615 |
| Per Capita Income | $30,496 |
| IRS Avg Adjusted Gross Income | $112,115 |
| Avg Weekly Wage | $1,699 |
| County GDP | $76,180M |
Hardship Indicators
| Unemployment Rate | 1.6% |
| Poverty Rate | 9.6% |
| Gini Coefficient | 0.549 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 38 minutes |
| Drive Alone | 58.9% |
| Public Transit | 16.9% |
| Work From Home | 6.4% |
Businesses
| Total Establishments | 23,692 |
| Restaurants | 1,759 |
| Healthcare | 2,593 |
| Retail | 2,565 |
| Manufacturing | 603 |
Tax
| IRS Avg AGI | $112,115 |
| Avg Property Tax | $16,276 |