At a Glance
Median Income
$142,083
$74,945 per capita
Home Value
$299,500
Zillow: $370,036
Median Rent
$1,696/mo
13.5% of income on rent
Bachelor's Degree+
61.9%
98.2% high school+
Unemployment
3.3%
1.5% poverty rate
Obesity Rate
31.3%
9.0% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Silver Lake a Good Place to Live?
A+
4.9 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Silver Lake residents earn a median household income of $142,083 , which is 89% above the national average of $75,149.
Per capita income is $74,945. The unemployment rate stands at 3.3% (8% below the U.S. rate of 3.6%). 1.5% of residents live below the poverty line. The area is home to 15,834 business establishments, including 1,276 restaurants.
Housing & Cost of Living
The median home value in Silver Lake is $299,500 , 6% above the national median of $281,900.
Zillow estimates the typical home at $370,036. Median rent is $1,696/month, with 13.5% of renters spending more than 30% of income on housing. The cost of living index is 92.8 (100 = national average). The median home was built in 1955.
Education
61.9% of adults in Silver Lake hold a bachelor's degree or higher
(84% above the national average).
98.2% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Silver Lake has an average annual temperature of 49°F (10°C).
Winters average 26°F in January while summers reach 71°F in July. Annual precipitation totals 41.6 inches. Air quality is rated Good with a median AQI of 44.
Data Overview
People
Population2,514
Median Age52.5 yrs
Density1,770/mi²
Male / Female57% / 43%
Foreign Born3.1%
Veterans7.0%
Economy
A+
Median Income$142,083
Per Capita$74,945
Unemployment3.3%
Poverty1.5%
County GDP$40,349M
Avg Weekly Wage$1,209
Housing
A+
Home Value$299,500
Rent$1,696
Ownership92.1%
Zillow$370,036
Housing Units1,102
Rent Burden13.5%
Health
Obesity31.3%
Diabetes7.8%
Smoking9.0%
Heart Disease4.2%
Premature Death9,664/100K
Climate
Avg Temp49°F
Rain41.6 in/yr
AQI44 (Good)
Elevation1,023 ft
Education
A+
Bachelor's+61.9%
High School+98.2%
Graduate+24.8%
School Score5.9/10
Community
2024 VoteR 46% / D 53%
Commute25 min
Broadband94.1%
Internet Speed157 Mbps
EV Stations1
Libraries30
Did You Know?
Silver Lake was founded in 1918.
The median home in Silver Lake was built in 1955.
The nearest airport is Akron Fulton International (8 miles).
The Gini coefficient (income inequality) is 0.478 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
10.7% of the population has a disability.
Average internet download speed is 157 Mbps.
There are 1,276 restaurants in the area.
The county recorded 40 fatal vehicle crashes.