Silver Lake, IN
Full City Profile · Indiana · Kosciusko County County
Silver Lake, IN
At a Glance
How Silver Lake Compares to the U.S. Average
Each bar shows Silver Lake's value as a percentage of the national average (100% = U.S. avg)
Is Silver Lake a Good Place to Live?
Economy & Jobs
Silver Lake residents earn a median household income of $53,542 , which is 29% below the national average of $75,149. Per capita income is $26,173. The unemployment rate stands at 7.9% (119% above the U.S. rate of 3.6%). 9.0% of residents live below the poverty line. The area is home to 2,157 business establishments, including 180 restaurants.
Housing & Cost of Living
The median home value in Silver Lake is $107,300 , 62% below the national median of $281,900. Zillow estimates the typical home at $198,729. Median rent is $1,057/month, with 28.5% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1951.
Safety & Crime
Silver Lake reports 115 violent crimes per 100,000 residents , which is 70% below the national average of 380/100K. Property crime is 1,038/100K.
Education
7.3% of adults in Silver Lake hold a bachelor's degree or higher (78% below the national average). 85.3% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
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 totals 39.3 inches.