Silver Lake, IN

Census Place

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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
4.38% 1-year growth
2024 Employed Population
345
12.9% 1-year decline

About

None of the households in Silver Lake, IN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

100% of the residents in Silver Lake, IN are U.S. citizens.

In 2024, the median property value in Silver Lake, IN was $112,000, and the homeownership rate was 79.2%.

Most people in Silver Lake, IN drove alone to work, and the average commute time was 26.6 minutes. The average car ownership in Silver Lake, IN was 3 cars per household.

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.

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.

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Race and Ethnicity

The 3 largest ethnic groups in Silver Lake, IN
  1. White (Non-Hispanic)
    819 ± 210
  2. Two Races Excluding Other, & Three or More Races (Hispanic)
    15 ± 26
  3. Asian (Non-Hispanic)
    9 ± 18
1.75%
Hispanic Population
15 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.

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.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Indiana.
Most Common Origin
  1. Mexico
    108,287 ± 8,015 people
  2. India
    34,966 ± 4,579 people
  3. China
    17,771 ± 3,269 people

In 2023, the most common birthplace for the foreign-born residents of Indiana was Mexico, the natal country of 108,287 Indiana residents, followed by India with 34,966 and China with 17,771.

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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.

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Veterans

Most Common Service Period
  1. Gulf War (1990s)
    18 ± 26
  2. Vietnam
    12 ± 21
  3. 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.

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Economy

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

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.

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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.

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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), Retail Trade (35 people), and Health Care & Social Assistance (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.

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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).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Indiana.
Y-Axis
2.48%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 3.21M people employed in Indiana. This represents a 2.48% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 15.4%.

The following chart shows monthly employment numbers for each industry sector in Indiana.

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Civics

In the 2024 presidential election, the popular vote in Indiana went to Donald J. Trump with 58.8% of the vote. The runner-up was Kamala Harris (39.8%), followed by Robert Kennedy (1%).

Todd Young and Jim Banks are the senators currently representing the state of Indiana. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Indiana is currently represented by 9 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

US Senators from Indiana

Senatorial voting results are only available at the state level. Showing data for Indiana.
Todd Young
Senator from Indiana3
Assumed office on January 3, 2017
Jim Banks
Senator from Indiana1
Assumed office on January 3, 2025

Todd Young and Jim Banks are the senators currently representing Indiana.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Indiana over time, excluding special elections, colored by their political party.

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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.

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.

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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.

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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.

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Wage Distribution

The closest comparable wage GINI for Silver Lake, IN is from Indiana.
0.445
2023 Wage GINI in Indiana
0.448
2022 Wage GINI in Indiana

In 2023, the income inequality in Indiana was 0.445 according to the GINI calculation of the wage distribution. Income inequality had a 0.529% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.476. 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.

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Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (82%)
  2. Carpooled (14.8%)
  3. 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.

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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.

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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.

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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.

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Health

89.7% of the population of Silver Lake, IN has health coverage, with 30.3% on employee plans, 30.1% on Medicaid, 21.9% on Medicare, 6.07% on non-group plans, and 1.28% on military or VA plans.

Primary care physicians in Indiana see 1,524 patients per year on average, which represents a 0% change from the previous year (1,524 patients). Compare this to dentists who see 1681 patients per year, and mental health providers who see 474 patients per year.

By gender, of the total number of insured persons, 50.1% were men and 49.9% were women.

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 20.7% under 18 years, 22.2% between 18 and 34 years, 33.8% between 35 and 64 years, and 23.3% over 64 years.

By gender, of the total number of insured persons, 50.1% were men and 49.9% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

10.3%
Uninsured
30.3%
Employer Coverage
30.1%
Medicaid
21.9%
Medicare
6.07%
Non-Group
1.28%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Silver Lake, IN declined by 6.02% from 10.9% to 10.3%.

The following chart shows how the percent of uninsured individuals in Silver Lake, IN changed over time compared with the percent of individuals enrolled in various types of health insurance.

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