Silver Lake, FL

Census Place

2024 Population

2,350

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2024 Median Age

42.7

9.77% 1-year increase

2024 Poverty Rate

5.06%

72.5% 1-year decrease

2024 Median Household Income

$78,601

3.82% 1-year growth

2024 Median Property Value

$421,600

Population & Diversity

Silver Lake, FL is home to a population of 2.35k people, from which 97.2% are citizens.

As of 2024, 14.2% of Silver Lake, FL residents were born outside of the country (334 people).

In 2024, there were 6.02 times more White (Non-Hispanic) residents (1.77k people) in Silver Lake, FL than any other race or ethnicity. There were 293 Two Races Including Other (Hispanic) and 101 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.2%

2024 Citizenship

97.2%

2023 Citizenship

As of 2024, 97.2% of Silver Lake, FL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Silver Lake, FL was 97.2%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Silver Lake, FL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Silver Lake, FL

White (Non-Hispanic)
1.77k ± 631
Two Races Including Other (Hispanic)
293 ± 253
Black or African American (Non-Hispanic)
101 ± 107

14.1%

Hispanic Population

331 people

14.1% of the people in Silver Lake, FL are hispanic (331 people).

The following chart shows the 8 races represented in Silver Lake, FL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,051,839 ± 24,582 people
Haiti
364,479 ± 14,701 people
Colombia
327,463 ± 13,946 people

In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

Foreign-Born Population

14.2%

2024 Foreign-Born Population

334 people

12.2%

2023 Foreign-Born Population

319 people

As of 2024, 14.2% of Silver Lake, FL residents (334 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Silver Lake, FL was 12.2%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Silver Lake, FL compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (1990s)
126 ± 151
Vietnam
54 ± 44
Gulf War (2001-)
28 ± 36

Silver Lake, FL has a large population of military personnel who served in Gulf War (1990s), 2.33 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Silver Lake, FL.

Economy

The economy of Silver Lake, FL employs 1.03k people. In 2024, the largest industries in Silver Lake, FL were Construction (207 people), Other Services, Except Public Administration (165 people), and Retail Trade (138 people), and the highest paying industries were Construction ($79,541), Educational Services ($72,708), and Finance & Insurance ($53,144).

Employment

Occupations

1.03k

2024 Value

± 293

4.05%

1 Year growth

± 36.9%

From 2023 to 2024, employment in Silver Lake, FL grew at a rate of 4.05%, from 987 employees to 1.03k employees.

The most common job groups, by number of people living in Silver Lake, FL, are Office & Administrative Support Occupations (142 people), Business & Financial Operations Occupations (99 people), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (95 people). This chart illustrates the share breakdown of the primary jobs held by residents of Silver Lake, FL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Florida.

This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.03k

2024 Value

± 293

4.05%

1 Year growth

± 36.9%

From 2023 to 2024, employment in Silver Lake, FL grew at a rate of 4.05%, from 987 employees to 1.03k employees.

The most common employment sectors for those who live in Silver Lake, FL, are Construction (207 people), Other Services, Except Public Administration (165 people), and Retail Trade (138 people). This chart shows the share breakdown of the primary industries for residents of Silver Lake, FL, though some of these residents may live in Silver Lake, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$74,208

Median earning men ± $28,131

$32,476

Median earning women ± $20,477

The industries with the best median earnings for men in 2024 are Construction ($78,133), Educational Services, & Health Care & Social Assistance ($73,917), and Other Services Except Public Administration ($57,563).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($52,803), Other Services Except Public Administration ($31,835), and Retail Trade ($28,393).

Housing & Living

The median property value in Silver Lake, FL was $421,600 in 2024, which is 1.27 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $299,000 to $421,600, a 41% increase. The homeownership rate in Silver Lake, FL is 85.9%, which is higher than the national average of 65.2%.

People in Silver Lake, FL have an average commute time of 27.4 minutes, and they drove alone to work. Car ownership in Silver Lake, FL is higher than the national average, with an average of 5 cars per household.

Housing

Property

$421,600

Median Property Value 2024

±$37,907

$764

Median Property Taxes

±$215

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Silver Lake, FL the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Silver Lake, FL compared to it's parent and neighbor geographies.

Rent vs Own

85.9%

Homeownership

2024

71.4%

Homeowners with Mortgage

2024

In 2024, 85.9% of the housing units in Silver Lake, FL were occupied by their owner. This percentage declined from the previous year's rate of 87.9%.

This chart shows the percentage of owner in Silver Lake, FL compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$78,601

Median Household Income

± $12,881

889

Number of Households

± 217

In 2024, the median household income of the 889 households in Silver Lake, FL grew to $78,601 from the previous year's value of $75,709.

The following chart displays the households in Silver Lake, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Silver Lake, FL is from Florida.

0.471

2024 Wage GINI in Florida

0.473

2023 Wage GINI in Florida

In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (57.4%)
Carpooled (16.7%)
Worked At Home (15.3%)

In 2024, 57.4% of workers in Silver Lake, FL drove alone to work, followed by those who carpooled to work (16.7%) and those who worked at home (15.3%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

27.4 minutes

Average Travel Time

Using averages, employees in Silver Lake, FL have a longer commute time (27.4 minutes) than the normal US worker (26.4 minutes). Additionally, 8.28% of the workforce in Silver Lake, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Silver Lake, FL compares to that of it's neighboring and parent geographies.

Car Ownership

5 cars

Average Number

The following chart displays the households in Silver Lake, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Silver Lake, FL have 5 cars.

Poverty

Poverty & Diversity

5.06% of the population for whom poverty status is determined in Silver Lake, FL (119 out of 2.35k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Females 55 - 64 and then Females 65 - 74.

The most common racial or ethnic group living below the poverty line in Silver Lake, FL is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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