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Silver Lake, OH

Full City Profile · Ohio · Summit County County

4.0 /5.0
A Great
2,514 Population 1,770/sq mi density
$142,083 Median Income $74,945 per capita
$299,500 Home Value $351,817 Zillow
$1,696 Median Rent 13.5% income on rent
49°F Avg Temperature 275 sunny days/yr
69 Violent Crime/100K 1,908 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$142,083 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$299,500 home value, $1,696/mo rent
F
Safety
1.0 / 5.0
69 violent crimes/100K
A+
Education
5.0 / 5.0
61.9% bachelor's degree or higher

Income Overview

Median Household Income
$142,083
89% above
US avg: $75,149
Per Capita Income
$74,945
92% above
US avg: $39,052
Unemployment Rate
2.1%
42% below
US avg: 3.6%
Poverty Rate
1.5%
88% below
US avg: 12.4%

Income Comparison: Silver Lake vs. U.S. Average

Each bar shows Silver Lake’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$142,083
189%
Per Capita
US: $39,052
$74,945
192%
IRS Avg AGI
US: $72,000
$77,962
108%
Avg Weekly Wage
US: $1,432
$1,209
84%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,209
16% below US avg ($1,432)
Mean Commute Time
25 min
8% below US avg (28 min)
Work From Home
14.0%
8% below US avg (15.2%)
Drive Alone
80.8%
10% above US avg (73.2%)
Public Transit
0.3%
94% below US avg (5.0%)
County GDP
$40,349M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 80.8%
Public Transit 0.3%
Work From Home 14%
Other 4.9%
Average commute time
25 minutes
US avg: 28 min

Business Landscape

Total Establishments
15,834
Restaurants
1,276
Healthcare
1,595
Retail
1,604
Manufacturing
730

Tax & Financial

IRS Avg Adjusted Gross Income
$77,962
8% above US avg ($72,000)
Avg Property Tax
$6,724
92% above US avg ($3,500)
Cost of Living Index
92.8
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$142,083
Per Capita Income$74,945
IRS Avg Adjusted Gross Income$77,962
Avg Weekly Wage$1,209
County GDP$40,349M

Hardship Indicators

Unemployment Rate2.1%
Poverty Rate1.5%
Gini Coefficient0.478
Cost of Living Index92.8

Commute

Mean Commute25 minutes
Drive Alone80.8%
Public Transit0.3%
Work From Home14.0%

Businesses

Total Establishments15,834
Restaurants1,276
Healthcare1,595
Retail1,604
Manufacturing730

Tax

IRS Avg AGI$77,962
Avg Property Tax$6,724