Milford vs Silver Lake

A side-by-side comparison of Milford and Silver Lake: population, income, housing, and more.

Milford and Silver Lake are places in Indiana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Milford has the higher population (1,955 vs 961 in Silver Lake). Silver Lake has the higher median household income ($53,542 vs $52,014 in Milford). Milford has the higher median home value ($135,300 vs $107,300 in Silver Lake).

Population, income & housing

	Milford	Silver Lake
Population	1,955	961
Median age	37.2 yrs	46.3 yrs
Median household income	$52,014	$53,542
Median home value	$135,300	$107,300
Median gross rent	$1,038	$1,057
Housing units	771	499
Homeownership rate	81.5%	78.0%
Bachelor's degree or higher	7.0%	7.3%
Unemployment rate	0.8%	7.9%

Trends (ACS 5-year, 2019–2023)

	Milford	Silver Lake
Population	1,747 → 1,955 (+11.9%)	948 → 961 (+1.4%)
Median household income	$41,736 → $52,014 (+24.6%)	$48,281 → $53,542 (+10.9%)
Median home value	$108,000 → $135,300 (+25.3%)	$75,600 → $107,300 (+41.9%)
Median gross rent	$613 → $1,038 (+69.3%)	$687 → $1,057 (+53.9%)

Milford

Population

1,7471,955

Median household income

$41,736$52,014

Median home value

$108,000$135,300

Median gross rent

$613$1,038

Silver Lake

Population

948961

Median household income

$48,281$53,542

Median home value

$75,600$107,300

Median gross rent

$687$1,057

Age & race/ethnicity

Age distribution (share)

	Milford	Silver Lake
Under 5	8.5%	5.9%
5 to 17	19.3%	15.0%
18 to 24	7.5%	5.4%
25 to 34	11.8%	14.8%
35 to 44	11.6%	8.2%
45 to 54	6.1%	13.1%
55 to 64	14.2%	14.4%
65 to 74	10.9%	12.9%
75 and over	10.1%	10.3%

Race & ethnicity (share)

	Milford	Silver Lake
White (non-Hispanic)	66.7%	96.0%
Black or African American	0.0%	0.1%
American Indian & Alaska Native	0.7%	0.0%
Asian	0.7%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	3.1%	0.0%
Two or more races	1.3%	1.7%
Hispanic or Latino	27.6%	2.2%

Educational attainment (age 25+)

Share of adults 25+

	Milford	Silver Lake
No high school diploma	22.2%	14.7%
High school graduate	42.6%	55.8%
Some college or associate's	28.1%	22.2%
Bachelor's degree	4.7%	6.6%
Graduate or professional degree	2.4%	0.7%

Commute to work

How workers get to work (share)

	Milford	Silver Lake
Drove alone	86.6%	85.1%
Carpooled	6.9%	10.1%
Public transit	0.0%	1.0%
Walked	5.5%	1.8%
Bicycle	0.0%	0.0%
Worked from home	0.4%	1.8%
Other means	0.4%	0.3%

Housing

Units in structure (share)

	Milford	Silver Lake
1-unit, detached	83.5%	82.6%
1-unit, attached	0.0%	0.4%
2 to 4 units	5.2%	3.2%
5 to 19 units	4.3%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	7.0%	13.8%

Poverty & households

	Milford	Silver Lake
Poverty rate	4.8%	15.1%
Average household size	2.49	2.41
Mean commute (minutes)	25	28
Median year structure built	1960	1957