Silver Lake, New Jersey Median Income

Silver Lake, New Jersey has a population of 2,784, with a median household income of $70,441.

Current median income data for Silver Lake.

$70,441

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Population

2,784

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Median Income

$70,441

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Unemployment

4.20%

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Housing Price

$241,228

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Crime Rate

0.50

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Internet Speed

257.60 Mbps

Silver Lake is a small local community located in New Jersey. The city has a population that is below the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Silver Lake, located in New Jersey, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Silver Lake has a population of 2,784, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Silver Lake is $70,441, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Silver Lake is about $241,228, making it relatively affordable compared to many cities in New Jersey.

Employment and Safety

The unemployment rate in Silver Lake is 4.20%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Silver Lake are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in New Jersey, Silver Lake shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of New Jersey, Silver Lake contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Silver Lake

What is the population of Silver Lake?

The population of Silver Lake is approximately 2,784.

Is Silver Lake a good place to live?

Silver Lake offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Silver Lake?

The median household income in Silver Lake is around $70,441.

How expensive is housing in Silver Lake?

The average housing price in Silver Lake is approximately $241,228.