Silver Lake, IN

Indiana

Silver Lake is a small town in Indiana with a population of 961. Residents earn $53,542 per year, which is 29% below the national average.

3.4 /5.0
B Good
961 Population 1,780/sq mi density
$53,542 Median Income $26,173 per capita
$107,300 Home Value $178,691 Zillow
$1,057 Median Rent 28.5% income on rent
50°F Avg Temperature 275 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$53,542 median income, 4.4% unemployment
A+
Affordability
5.0 / 5.0
$107,300 home value, $1,057/mo rent
D
Education
1.6 / 5.0
7.3% bachelor's degree or higher
Median Income $53,542
29% lower than US avg
Home Value $107,300
62% lower than US avg
Bachelor's+ 7.3%
78% lower than US avg
Median Rent $1,057
9% lower than US avg
Obesity Rate 39.1%
22% higher than US avg
Unemployment 4.4%
22% higher than US avg
Poverty Rate 9.0%
27% lower than US avg

How Silver Lake Compares to the U.S. Average (100% = U.S. avg)

People

Population961
Median Age46.3 yrs
Density1,780/mi²
Male / Female50% / 50%
Largest GroupWhite 97%
Veterans8.8%

Economy

B+
Median Income$53,542
Per Capita$26,173
Unemployment4.4%
Poverty9.0%
County GDP$7,836M
Commute28 min

Housing

A+
Home Value$107,300
Rent$1,057
OwnershipN/A
Zillow$178,691
Housing Units514
Rent Burden28.5%

Health

Obesity39.1%
Uninsured8.7%
Smoking18.6%
Depression27.7%
Heart Disease5.9%

Climate

Avg Temp50°F (10°C)
AQI41 (Good)
Rain40.5 in/yr
Sunny Days275/yr
Elevation899 ft (274 m)

Education

D
Bachelor's+7.3%
High School+85.3%
Graduate+0.5%
School Score6.01

Community

2024 VoteR 75% / D 23%
Commute28 min
Broadband83.1%
Libraries6

Is Silver Lake a Good Place to Live?

Based on current data, Silver Lake receives an overall livability score of 3.4 out of 5.0, earning a grade of B. Key strengths include affordable housing, abundant sunshine. Areas to be aware of include below-average incomes, high obesity rates. Silver Lake offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Silver Lake is $53,542, 29% below the national average of $75,149. Unemployment stands at 4.4%, indicating a healthy job market. 9.0% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 28 minutes.

Cost of Living & Housing

The median home value in Silver Lake is $107,300, 62% below the national median — offering relatively affordable homeownership. Renters pay a median of $1,057 per month. At just 2x median income, home prices are very affordable relative to local earnings.

Education

7.3% of residents hold a bachelor's degree, below the national average of 33.7%. 85.3% have completed high school. Area schools have an average test score of 6/10.

Climate & Weather

Silver Lake experiences four distinct seasons with an average temperature of 50°F. Winters average 25°F in January while summers reach 73°F in July. With 275 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 40.5 inches. Air quality is rated Good with a median AQI of 41.

Silver Lake has a population of 961 with a density of 1,780 people per square mile. The median age is 46.3 years, 19% older than the national median of 38.9. The city is predominantly White (96.5%), with 2.1% Hispanic.

Population

961
Total Population
1,780
People / sq mi
46.3yrs
Median Age
19% above US avg
0.5mi²
Land Area

Gender Distribution

Male 49.8%
Female 50.2%

Race & Ethnicity

Silver Lake vs U.S. Average

Language Spoken at Home

English Only99.1%
26% above US avg
Spanish0.9%
93% below US avg

Social Characteristics

Silver Lake vs U.S. Average

The median household income in Silver Lake is $53,542, which is 29% below the national average of $75,149. The unemployment rate is 4.4% (above the 3.6% US average). 9.0% of residents live below the poverty line. Workers commute an average of 28 minutes.

Income: Silver Lake vs U.S.

Commute Mode

Income

Median HH Income$53,542
29% below US avg
Per Capita Income$26,173
Avg Weekly Wage$1,133
IRS Avg AGI$77,961

Employment & Poverty

Unemployment4.4%
22% above US avg
Poverty Rate9.0%
27% below US avg
Establishments (County)2,157
County GDP$7,836M

Business (County)

Restaurants180
Healthcare173
Retail284
Manufacturing181

Tax & Cost of Living

Property Tax (IRS)$4,375
25% above US avg
Effective Tax Rate4.08%

Commute & Transportation

Commute Time27.9 min
Drive Alone85.1%
Public Transit1.0%
Work from Home1.8%

Walkability

The median home value in Silver Lake is $107,300, 62% below the national average. Monthly rent averages $1,057 (9% below US avg). Zillow estimates the typical home value at $178,691.

Home Value Sources

Ownership Split

Home Values

Census Median$107,300
62% below US avg
Zillow ZHVI$178,691
Median List Price$209,900

Real Estate Market (Redfin)

Median List Price$209,900
$/Sq Ft$112
Homes Sold4
Sale-to-List Ratio97.6%
Price Drops25.0%
Inventory4

Rental Costs

Census Median Rent$1,057
9% below US avg
Rent Burden28.5%

HUD Fair Market Rent

Studio$816
1 Bedroom$882
2 Bedrooms$1,096
3 Bedrooms$1,391
4 Bedrooms$1,590

Ownership & Property

Owner-Occupied78.0%
Housing Units514
Median Year Built1951

Property Tax

Avg Tax (IRS)$4,375
25% above US avg
Effective Rate4.08%
In Silver Lake, 39.1% of adults are obese (above the 32.1% national rate). 8.7% of residents lack health insurance. 18.6% are current smokers. 27.7% report depression. 26.6% are physically inactive.

Health Metrics: Silver Lake vs U.S. Average (%)

Chronic Conditions

Obesity39.1%
22% above US avg
Diabetes10.6%
Heart Disease5.9%
High Blood Pressure35.4%
Asthma11.6%
COPD7.7%
Cancer7.4%
Stroke3.0%

Behaviors & Mental Health

Smoking18.6%
33% above US avg
Binge Drinking18.5%
Physical Inactivity26.6%
Depression27.7%
Mental Distress19.9%
Physical Distress13.8%
Short Sleep36.2%

Healthcare Access

Insurance Rate87.5%
Uninsured8.7%
1% above US avg
Checkup Rate76.4%
Dental Visits61.8%
Premature Death9,156/100K

Food & Exercise

Food Environment8.2/10
Exercise Access59.7%
Healthcare Facilities173
Silver Lake has an average annual temperature of 50°F (10°C). Winters average 25°F in January while summers reach 73°F in July. Annual precipitation is 40.5 inches. The area enjoys 275 sunny days per year. Air quality is rated Good with a median AQI of 41.

Temperature

25°F Jan (-4°C) 73°F Jul (23°C)
Annual Average50.1°F
7% below US avg
January Average25°F (-4°C)
July Average73°F (23°C)
Sunny Days275 days/yr

Precipitation & Snow

Annual Rainfall40.5 inches
7% above US avg

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation899 ft (274 m)
Area0.5 sq mi (1.4 km²)
Population Density1,780/sq mi
Coordinates41.0743°N, 85.8929°W
TimezoneAmerica/Indiana/Indianapolis
County FIPS18085
It is classified as Nonmetro — Urban 20K+, adjacent. 7.3% of residents hold a bachelor's degree or higher (78% below US avg). In the 2024 election, the county voted Republican by a 52.3-point margin. 83.1% of households have broadband internet.

2024 Presidential Election (County)

R 75.2%
D 22.9%

Winner: Republican by 52.3 points

Education

Bachelor's Degree+7.3%
78% below US avg
High School+85.3%
Graduate Degree+0.5%
School Test Score6.01
D Education Grade (1.6/5.0)

Urban-Rural Classification

RUCC Code 4Nonmetro — Urban 20K+, adjacent
Population Density1,780/sq mi
Total Area0.5 sq mi

Infrastructure & Services

Broadband Access83.1%
Public Libraries6
Healthcare Facilities173
Restaurants180
Retail Stores284

Safety & Disasters

Fatal Crashes (County/yr)9

Commute & Transportation

Avg Commute27.9 min
Drive Alone85.1%
Public Transit1.0%
Work from Home1.8%

Nearby Cities

Akron, IN 1,061 pop · 7.3 mi North Manchester, IN 4,904 pop · 7.8 mi Winona Lake, IN 5,073 pop · 10.7 mi Warsaw, IN 16,592 pop · 12.1 mi Pierceton, IN 1,349 pop · 13.1 mi South Whitley, IN 1,412 pop · 14.0 mi Rochester, IN 6,244 pop · 15.9 mi Barbee, IN 1,298 pop · 17.6 mi Wabash, IN 10,378 pop · 19.1 mi Bourbon, IN 1,816 pop · 19.4 mi Andrews, IN 1,068 pop · 21.2 mi Mexico, IN 1,122 pop · 21.3 mi Argos, IN 1,822 pop · 21.9 mi Columbia City, IN 9,975 pop · 22.4 mi
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