Silver Lake, NC
Full City Profile · North Carolina · New Hanover County County
Silver Lake, NC
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 $73,277 , which is 2% below the national average of $75,149. Per capita income is $38,044. The unemployment rate stands at 3.7% (3% above the U.S. rate of 3.6%). 7.9% of residents live below the poverty line. The area is home to 11,216 business establishments, including 821 restaurants.
Housing & Cost of Living
The median home value in Silver Lake is $287,500 , 2% above the national median of $281,900. Zillow estimates the typical home at $408,845. Median rent is $1,289/month, with 39.6% of renters spending more than 30% of income on housing. The cost of living index is 94.3 (100 = national average). The median home was built in 1994.
Education
31.0% of adults in Silver Lake hold a bachelor's degree or higher (8% below the national average). 90.1% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Silver Lake has an average annual temperature of 64°F (18°C). Winters average 46°F in January while summers reach 82°F in July. Annual precipitation totals 65.1 inches. Air quality is rated Good with a median AQI of 39.