Population 2,985 · Census ACS 2020–24
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Population and households in Silver Lake
Household size in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 2.47 | 2.57 | 2.68 |
| 2010–14 | 2.67 | 2.59 | 2.73 |
| 2015–19 | 2.54 | 2.57 | 2.71 |
| 2020–24 | 2.47 | 2.54 | 2.65 |
| Change | +0.00 | −0.03 | −0.03 |
Households in Silver Lake run small, averaging 2.47 people against 2.65 nationally, which usually means more singles and couples and fewer children. The picture is much the same across Indiana.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 41.2 | 37.5 | 37.7 |
| 2010–14 | 36.3 | 38.4 | 38.6 |
| 2015–19 | 40.9 | 39.1 | 39.6 |
| 2020–24 | 45.5 | 39.3 | 40.1 |
| Change | +4.2 | +1.7 | +2.3 |
Silver Lake skews older: half of its residents are older than 45.5, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. The median age has climbed from 41.2 in 2006–10, but in a place this small, survey estimates can swing a lot from one release to the next.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 7.2% | 11.8% | 12.3% |
| 2010–14 | 10.0% | 12.0% | 12.3% |
| 2015–19 | 16.8% | 11.6% | 11.6% |
| 2020–24 | 7.2% | 11.7% | 11.6% |
| Change | +0.0 pts | −0.1 pts | −0.6 pts |
Single-parent households are relatively rare in Silver Lake: 7.2% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Silver Lake
Renters in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 12.4% | 28.5% | 33.3% |
| 2010–14 | 15.1% | 30.5% | 35.6% |
| 2015–19 | 27.7% | 30.9% | 36.0% |
| 2020–24 | 14.9% | 29.4% | 34.8% |
| Change | +2.4 pts | +1.0 pts | +1.5 pts |
Only 14.9% of households in Silver Lake rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. About a third of owners (32.9%) have paid off their mortgages, below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 13.7% | 11.2% | 11.4% |
| 2010–14 | 20.0% | 11.2% | 11.4% |
| 2015–19 | 17.6% | 10.9% | 11.1% |
| 2020–24 | 18.3% | 9.3% | 9.6% |
| Change | +4.6 pts | −2.0 pts | −1.8 pts |
Vacant homes make up 18.3% of the housing in Silver Lake, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 1961 | 1972 | 1974 |
| 2010–14 | 1968 | 1973 | 1975 |
| 2015–19 | 1965 | 1974 | 1977 |
| 2020–24 | 1966 | 1977 | 1980 |
| Change | +5 | +5 | +6 |
Silver Lake is a place of older homes: half were built before 1966, while the national median is 1980. That means established neighborhoods, and more houses that may need updating.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | $633 | $763 | $965 |
| 2010–14 | $699 | $819 | $1,040 |
| 2015–19 | $714 | $903 | $1,213 |
| 2020–24 | $1,057 | $1,146 | $1,571 |
| Change | +$424 | +$384 | +$606 |
A typical rental in Silver Lake costs $1,057 a month with utilities, well below the national median of $1,571. Rent takes 29.3% of the typical renter's income, just under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Silver Lake
Bachelor's degrees in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 7.9% | 23.8% | 28.4% |
| 2010–14 | 10.0% | 24.6% | 29.6% |
| 2015–19 | 12.7% | 27.1% | 32.1% |
| 2020–24 | 17.3% | 30.0% | 35.6% |
| Change | +9.4 pts | +6.2 pts | +7.2 pts |
College degrees are relatively uncommon in Silver Lake: 17.3% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 84.1% | 86.5% | 84.9% |
| 2010–14 | 84.2% | 87.7% | 86.1% |
| 2015–19 | 86.6% | 88.7% | 87.7% |
| 2020–24 | 90.8% | 89.9% | 89.3% |
| Change | +6.7 pts | +3.4 pts | +4.3 pts |
High school completion in Silver Lake is a bit above the national rate: 90.8% of adults have a diploma or equivalent, against 89.3%. That is in line with the rest of Indiana.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Silver Lake
| Period | Silver Lake | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 7.1% | 8.4% | 8.1% |
| 2010–14 | 9.9% | 8.9% | 9.4% |
| 2015–19 | 4.1% | 4.9% | 5.6% |
| 2020–24 | 5.2% | 4.3% | 5.4% |
| Change | −2.0 pts | −4.1 pts | −2.7 pts |
Unemployment in Silver Lake is close to the national rate: 5.2% of the labor force, against 5.4%. The rate is higher than in Indiana overall (4.3%). Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Silver Lake compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Silver Lake | 2.47 | 45.5 | 7.2% | 14.9% | 18.3% | 1966 | $1,057 | 17.3% | 90.8% | 5.2% |
| Claypool | 2.44 | 42.8 | 4.3% | 5.9% | 17.8% | 1981 | $1,025 | 16.2% | 90.5% | 2.6% |
| Laketon | 2.59 | 47.1 | 5.0% | 15.1% | 18.4% | 1952 | $921 | 17.4% | 89.8% | 3.9% |
| Sidney | 2.45 | 43.1 | 4.9% | 11.3% | 11.7% | 1987 | $1,155 | 20.6% | 91.3% | 2.4% |
| Akron | 3.00 | 34.7 | 10.9% | 12.7% | 11.7% | 1966 | $899 | 20.3% | 86.0% | 2.9% |
| Burket | 2.75 | 40.4 | 6.2% | 2.7% | 13.0% | 1961 | $982 | 13.6% | 86.8% | 3.5% |
| Sevastopol | 2.61 | 43.4 | 5.9% | 3.5% | 14.9% | 1960 | $948 | 14.6% | 84.3% | 3.2% |
| North Manchester | 2.28 | 45.0 | 9.2% | 17.6% | 14.9% | 1955 | $715 | 24.9% | 93.9% | 1.6% |
| Gilead | 2.80 | 47.5 | 5.9% | 4.4% | 6.8% | 1976 | $712 | 18.5% | 74.2% | 3.7% |
| Liberty Mills | 2.56 | 41.6 | 7.1% | 9.6% | 12.8% | 1966 | $850 | 23.1% | 93.0% | 1.8% |
| Roann | 2.30 | 47.7 | 7.4% | 7.4% | 18.7% | 1954 | $676 | 13.9% | 89.8% | 2.7% |
All figures 2020–24.
Cities with similar populations: Auburn, KS · Fairland, OK · Elko, MN · Eastanollee, GA · Darlington, PA · Crystal Falls, MI · Crane, MO · Como, WI · Clear Lake Shores, TX · Chamberlain, SD
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Silver Lake. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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