Silver Lake CDP (Essex County), NJ

Silver Lake CDP (Essex County), NJ

At a Glance

How Silver Lake CDP (Essex County) Compares to the U.S. Average

Each bar shows Silver Lake CDP (Essex County)'s value as a percentage of the national average (100% = U.S. avg)

Is Silver Lake CDP (Essex County) a Good Place to Live?

Economy & Jobs

Silver Lake CDP (Essex County) residents earn a median household income of $86,615 , which is 15% above the national average of $75,149. Per capita income is $30,496. The unemployment rate stands at 1.6% (56% below the U.S. rate of 3.6%). 9.6% of residents live below the poverty line. The area is home to 23,692 business establishments, including 1,759 restaurants.

Housing & Cost of Living

The median home value in Silver Lake CDP (Essex County) is $483,700 , 72% above the national median of $281,900. Zillow estimates the typical home at $1,103,768. Median rent is $1,501/month, with 21.4% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1955.

Safety & Crime

Silver Lake CDP (Essex County) reports 39 violent crimes per 100,000 residents , which is 90% below the national average of 380/100K. Property crime is 2,155/100K.

Education

26.3% of adults in Silver Lake CDP (Essex County) hold a bachelor's degree or higher (22% below the national average). 90.9% have completed high school. Local schools score 5.8/10 in standardized testing.

Climate & Weather

Silver Lake CDP (Essex County) has an average annual temperature of 55°F (13°C). Winters average 32°F in January while summers reach 78°F in July. The area gets 271 sunny days per year. Annual precipitation totals 50.4 inches. Air quality is rated Good with a median AQI of 39.

Data Overview

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