Silver Lake, IN

Census Place

2024 Population

857

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

42.1

9.07% 1-year decrease

2024 Poverty Rate

15.2%

0.992% 1-year increase

2024 Median Household Income

$55,272

3.23% 1-year growth

2024 Median Property Value

$112,000

Population & Diversity

Silver Lake, IN is home to a population of 857 people, from which 100% are citizens.

As of 2024, 0.467% of Silver Lake, IN residents were born outside of the country (4 people).

In 2024, there were 54.6 times more White (Non-Hispanic) residents (819 people) in Silver Lake, IN than any other race or ethnicity. There were 15 Two Races Excluding Other, & Three or More Races (Hispanic) and 9 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Silver Lake, IN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Silver Lake, IN was 100%, meaning that the rate of citizenship has been maintaining.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Silver Lake, IN

White (Non-Hispanic)
819 ± 210
Two Races Excluding Other, & Three or More Races (Hispanic)
15 ± 26
Asian (Non-Hispanic)
9 ± 18

1.75%

Hispanic Population

15 people

1.75% of the people in Silver Lake, IN are hispanic (15 people).

The following chart shows the 8 races represented in Silver Lake, IN 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 Indiana.

Most Common Origin

Mexico
111,417 ± 8,128 people
India
37,388 ± 4,734 people
Nigeria
18,164 ± 3,304 people

In 2024, the most common birthplace for the foreign-born residents of Indiana was Mexico, the natal country of 111,417 Indiana residents, followed by India with 37,388 and Nigeria with 18,164.

Foreign-Born Population

0.467%

2024 Foreign-Born Population

4 people

As of 2024, 0.467% of Silver Lake, IN residents (4 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, IN was 0%, meaning that the rate has been increasing.

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

Military

Veterans

Most Common Service Period

Gulf War (1990s)
18 ± 26
Vietnam
12 ± 21
Gulf War (2001-)
5 ± 14

Silver Lake, IN has a large population of military personnel who served in Gulf War (1990s), 1.5 times greater than any other conflict.

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

Economy

The economy of Silver Lake, IN employs 345 people. In 2024, the largest industries in Silver Lake, IN were Manufacturing (121 people), Accommodation & Food Services (35 people), and Retail Trade (35 people), and the highest paying industries were Professional, Scientific, & Technical Services ($55,833), Manufacturing ($55,446), and Wholesale Trade ($54,219).

Employment

Occupations

345

2024 Value

± 102

−12.9%

1 Year decline

± 44.9%

From 2023 to 2024, employment in Silver Lake, IN declined at a rate of −12.9%, from 396 employees to 345 employees.

The most common job groups, by number of people living in Silver Lake, IN, are Production Occupations (63 people), Installation, Maintenance, & Repair Occupations (34 people), and Business & Financial Operations Occupations (32 people). This chart illustrates the share breakdown of the primary jobs held by residents of Silver Lake, IN.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Indiana (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

345

2024 Value

± 102

−12.9%

1 Year decline

± 44.9%

From 2023 to 2024, employment in Silver Lake, IN declined at a rate of −12.9%, from 396 employees to 345 employees.

The most common employment sectors for those who live in Silver Lake, IN, are Manufacturing (121 people), Accommodation & Food Services (35 people), and Retail Trade (35 people). This chart shows the share breakdown of the primary industries for residents of Silver Lake, IN, though some of these residents may live in Silver Lake, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$53,068

Median earning men ± $8,131

$31,786

Median earning women ± $12,028

The industries with the best median earnings for men in 2024 are Manufacturing ($55,909), Professional, Scientific, & Management, & Administrative & Waste Management Services ($53,958), and Educational Services, & Health Care & Social Assistance ($53,594).

The industries with the best median earnings for women in 2024 are Manufacturing ($54,063), Educational Services, & Health Care & Social Assistance ($31,964), and Retail Trade ($28,125).

Housing & Living

The median property value in Silver Lake, IN was $112,000 in 2024, which is 0.337 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $107,300 to $112,000, a 4.38% increase. The homeownership rate in Silver Lake, IN is 79.2%, which is higher than the national average of 65.2%.

People in Silver Lake, IN have an average commute time of 26.6 minutes, and they drove alone to work. Car ownership in Silver Lake, IN is higher than the national average, with an average of 3 cars per household.

Housing

Property

$112,000

Median Property Value 2024

±$14,665

$297

Median Property Taxes

±$66

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, IN the largest share of households pay taxes in the $800 - $1,499 range.

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

Rent vs Own

79.2%

Homeownership

2024

62.5%

Homeowners with Mortgage

2024

In 2024, 79.2% of the housing units in Silver Lake, IN were occupied by their owner. This percentage grew from the previous year's rate of 78%.

This chart shows the percentage of owner in Silver Lake, IN 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.

$55,272

Median Household Income

± $11,669

375

Number of Households

± 74

In 2024, the median household income of the 375 households in Silver Lake, IN grew to $55,272 from the previous year's value of $53,542.

The following chart displays the households in Silver Lake, IN 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 $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Silver Lake, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (82%)
Carpooled (14.8%)
Walked (1.45%)

In 2024, 82% of workers in Silver Lake, IN drove alone to work, followed by those who carpooled to work (14.8%) and those who walked to work (1.45%).

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

26.6 minutes

Average Travel Time

Using averages, employees in Silver Lake, IN have a longer commute time (26.6 minutes) than the normal US worker (26.4 minutes). Additionally, 2.35% of the workforce in Silver Lake, IN have "super commutes" in excess of 90 minutes.

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

Car Ownership

3 cars

Average Number

The following chart displays the households in Silver Lake, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Silver Lake, IN have 3 cars.

Poverty

Poverty & Diversity

15.2% of the population for whom poverty status is determined in Silver Lake, IN (127 out of 833 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 45 - 54, followed by Males 18 - 24 and then Females 65 - 74.

The most common racial or ethnic group living below the poverty line in Silver Lake, IN 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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