Silver Lake

Population: 4,034
Median household income: $86,615
Median home value: $483,700

Silver Lake, a community in Essex County, New Jersey, has 4,034 residents. At $86,615, its median household income sits above Essex County's $76,712.

Between 2019 and 2023, Silver Lake's population declined 3.9% from 4,197 to 4,034, while its median home value rose 54.7% from $312,600 to $483,700.

The typical home was built around 1945. 10.4% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 4,034
Median age: 41.2 yrs
Median household income: $86,615
Median home value: $483,700
Median gross rent: $1,501
Housing units: 1,620
Homeownership rate: 60.8%
Bachelor's degree or higher: 26.3%
Unemployment rate: 2.8%

Trends

ACS 5-year · 2019–2023

Population

4,1974,034

Median household income

$48,393$86,615

Median home value

$312,600$483,700

Median gross rent

$1,231$1,501

Year	Population	Median household income	Median home value	Median gross rent
2019	4,197	$48,393	$312,600	$1,231
2020	3,970	$45,655	$312,700	$1,310
2021	4,159	$55,690	$381,600	$1,366
2022	4,407	$80,365	$441,700	$1,697
2023	4,034	$86,615	$483,700	$1,501

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 51.2%

5 to 1717.6%

18 to 2416.5%

25 to 349.9%

35 to 448.4%

45 to 5419.9%

55 to 6414.6%

65 to 748.3%

75 and over3.5%

	Count	Share
Under 5	50	1.2%
5 to 17	708	17.6%
18 to 24	666	16.5%
25 to 34	401	9.9%
35 to 44	339	8.4%
45 to 54	802	19.9%
55 to 64	590	14.6%
65 to 74	336	8.3%
75 and over	142	3.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	924	22.9%
Black or African American	164	4.1%
American Indian & Alaska Native	0	0.0%
Asian	449	11.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	234	5.8%
Two or more races	12	0.3%
Hispanic or Latino (any race)	2,251	55.8%

Educational attainment (age 25+)

No high school diploma9.1%

High school graduate36.7%

Some college or associate's27.9%

Bachelor's degree15.9%

Graduate or professional degree10.4%

	Count	Share
No high school diploma	237	9.1%
High school graduate	957	36.7%
Some college or associate's	729	27.9%
Bachelor's degree	416	15.9%
Graduate or professional degree	271	10.4%

Commute to work

Mean travel time to work: 38 min

Drove alone58.9%

Carpooled10.9%

Public transit16.9%

Walked7.0%

Bicycle0.0%

Worked from home6.4%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	1,033	58.9%
Carpooled	191	10.9%
Public transit	296	16.9%
Walked	122	7.0%
Bicycle	0	0.0%
Worked from home	112	6.4%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	276	16.8%
15 to 29 min	312	19.0%
30 to 44 min	588	35.8%
45 to 59 min	148	9.0%
60+ min	318	19.4%

Households

Average household size: 2.86
Poverty rate: 10.4% (419 of 4,025)

	Count	Share
Family households	902	64.0%
Nonfamily households	508	36.0%

Housing

Median year structure built: 1945

Occupancy

	Count	Share
Occupied	1,410	87.0%
Vacant	210	13.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	857	60.8%
Renter-occupied	553	39.2%

1-unit, detached17.0%

1-unit, attached11.0%

2 to 4 units51.0%

5 to 19 units10.6%

20 or more units10.4%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	276	17.0%
1-unit, attached	179	11.0%
2 to 4 units	826	51.0%
5 to 19 units	171	10.6%
20 or more units	168	10.4%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3467590
Type (LSAD): 57
Land area: 0.33 sq mi
Water area: 0 sq mi
Center point: 40.7804, -74.1828