Silver Lake, NC

Census Place

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2024 Population
6,563
US Senator
Thom Tillis
Republican Party
US Senator
Ted Budd
Republican Party
2024 Median Age
42.9
0.704% 1-year increase
2024 Poverty Rate
9.69%
7.65% 1-year decrease
2024 Median Household Income
$76,756
4.75% 1-year growth
2024 Median Property Value
$325,500
13.2% 1-year growth
2024 Employed Population
3,408
3.15% 1-year growth

About

None of the households in Silver Lake, NC 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.

93.9% of the residents in Silver Lake, NC are U.S. citizens.

In 2024, the median property value in Silver Lake, NC was $325,500, and the homeownership rate was 82.2%.

Most people in Silver Lake, NC drove alone to work, and the average commute time was 23.6 minutes. The average car ownership in Silver Lake, NC was 2 cars per household.

United StatesNorth CarolinaNew Hanover County, NCWilmington, NCNew Hanover County (South)--Wilmington City PUMA, NC

Population & Diversity

Silver Lake, NC is home to a population of 6.56k people, from which 93.9% are citizens. As of 2024, 7.45% of Silver Lake, NC residents were born outside of the country (489 people).

In 2024, there were 7.14 times more White (Non-Hispanic) residents (4.64k people) in Silver Lake, NC than any other race or ethnicity. There were 650 Other (Hispanic) and 310 Two Races Excluding Other, & Three or More Races (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

93.9%
2024 Citizenship
94.5%
2023 Citizenship

As of 2024, 93.9% of Silver Lake, NC residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Silver Lake, NC was 94.5%, meaning that the rate of citizenship has been decreasing.

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

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Silver Lake, NC
  1. White (Non-Hispanic)
    4.64k ± 944
  2. Other (Hispanic)
    650 ± 386
  3. Two Races Excluding Other, & Three or More Races (Hispanic)
    310 ± 407
20.6%
Hispanic Population
1.35k people

In 2024, there were 7.14 times more White (Non-Hispanic) residents (4.64k people) in Silver Lake, NC than any other race or ethnicity. There were 650 Other (Hispanic) and 310 Two Races Excluding Other, & Three or More Races (Hispanic) residents, the second and third most common ethnic groups.

20.6% of the people in Silver Lake, NC are hispanic (1.35k people).

The following chart shows the 8 races represented in Silver Lake, NC 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 North Carolina.
Most Common Origin
  1. Mexico
    224,963 ± 11,520 people
  2. India
    83,219 ± 7,055 people
  3. Honduras
    48,247 ± 5,380 people

In 2023, the most common birthplace for the foreign-born residents of North Carolina was Mexico, the natal country of 224,963 North Carolina residents, followed by India with 83,219 and Honduras with 48,247.

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Foreign-Born Population

7.45%
2024 Foreign-Born Population
489 people
7.37%
2023 Foreign-Born Population
460 people

As of 2024, 7.45% of Silver Lake, NC residents (489 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, NC was 7.37%, meaning that the rate has been increasing.

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

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Military

Veterans

Most Common Service Period
  1. Vietnam
    176 ± 133
  2. Gulf War (2001-)
    108 ± 135
  3. Gulf War (1990s)
    64 ± 54

Silver Lake, NC has a large population of military personnel who served in Vietnam, 1.63 times greater than any other conflict.

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

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Economy

The economy of Silver Lake, NC employs 3.41k people. In 2024, the largest industries in Silver Lake, NC were Health Care & Social Assistance (452 people), Administrative & Support & Waste Management Services (429 people), and Retail Trade (340 people), and the highest paying industries were Public Administration ($102,759), Information ($98,211), and Professional, Scientific, & Technical Services ($74,844).

Employment

Occupations

3.41k
2024 Value
± 724
3.15%
1 Year growth
± 28.6%

From 2023 to 2024, employment in Silver Lake, NC grew at a rate of 3.15%, from 3.3k employees to 3.41k employees.

The most common job groups, by number of people living in Silver Lake, NC, are Building & Grounds Cleaning & Maintenance Occupations (381 people), Installation, Maintenance, & Repair Occupations (340 people), and Management Occupations (297 people). This chart illustrates the share breakdown of the primary jobs held by residents of Silver Lake, NC.

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Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in North Carolina (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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Industries

Employment by Industries

3.41k
2024 Value
± 724
3.15%
1 Year growth
± 28.6%

From 2023 to 2024, employment in Silver Lake, NC grew at a rate of 3.15%, from 3.3k employees to 3.41k employees.

The most common employment sectors for those who live in Silver Lake, NC, are Health Care & Social Assistance (452 people), Administrative & Support & Waste Management Services (429 people), and Retail Trade (340 people). This chart shows the share breakdown of the primary industries for residents of Silver Lake, NC, though some of these residents may live in Silver Lake, NC and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$47,759
Median earning men ± $10,373
$35,485
Median earning women ± $18,300

The industries with the best median earnings for men in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($68,409), Other Services Except Public Administration ($55,956), and Transportation & Warehousing, & Utilities ($48,980).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($61,250), Construction ($46,250), and Public Administration ($45,701).

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Employment by Industry Sector

Data is only available at the state level. Showing data for North Carolina.
Y-Axis
3.04%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 4.86M people employed in North Carolina. This represents a 3.04% 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 10.9%.

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

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Housing & Living

The median property value in Silver Lake, NC was $325,500 in 2024, which is 0.978 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $287,500 to $325,500, a 13.2% increase. The homeownership rate in Silver Lake, NC is 82.2%, which is higher than the national average of 65.2%.

People in Silver Lake, NC have an average commute time of 23.6 minutes, and they drove alone to work. Car ownership in Silver Lake, NC is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$325,500
Median Property Value 2024
±$46,947
$2,252
Median Property Taxes
±$534

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, NC 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, NC compared to it's parent and neighbor geographies.

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Rent vs Own

82.2%
Homeownership
2024
61.1%
Homeowners with Mortgage
2024

In 2024, 82.2% of the housing units in Silver Lake, NC were occupied by their owner. This percentage grew from the previous year's rate of 78.6%.

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

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$76,756
Median Household Income
± $15,693
2.74k
Number of Households
± 562

In 2024, the median household income of the 2.74k households in Silver Lake, NC grew to $76,756 from the previous year's value of $73,277.

The following chart displays the households in Silver Lake, NC 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 $150k - $200k range.

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Wage Distribution

The closest comparable wage GINI for Silver Lake, NC is from North Carolina.
0.467
2023 Wage GINI in North Carolina
0.47
2022 Wage GINI in North Carolina

In 2023, the income inequality in North Carolina was 0.467 according to the GINI calculation of the wage distribution. Income inequality had a 0.639% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for North Carolina was lower than than the national average of 0.476. In other words, wages are distributed more evenly in North Carolina in comparison to the national average.

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

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (79.3%)
  2. Worked At Home (9.02%)
  3. Carpooled (8.67%)

In 2024, 79.3% of workers in Silver Lake, NC drove alone to work, followed by those who worked at home (9.02%) and those who carpooled to work (8.67%).

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

23.6 minutes
Average Travel Time

Using averages, employees in Silver Lake, NC have a shorter commute time (23.6 minutes) than the normal US worker (26.4 minutes). Additionally, 0.875% of the workforce in Silver Lake, NC have "super commutes" in excess of 90 minutes.

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

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Car Ownership

2 cars
Average Number

The following chart displays the households in Silver Lake, NC distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Silver Lake, NC have 2 cars.

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Poverty

Poverty & Diversity

9.69% of the population for whom poverty status is determined in Silver Lake, NC (636 out of 6.56k 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 Males 55 - 64, followed by Females 25 - 34 and then Females < 5.

The most common racial or ethnic group living below the poverty line in Silver Lake, NC is White, followed by Hispanic and Other.

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

88.9% of the population of Silver Lake, NC has health coverage, with 37% on employee plans, 12.9% on Medicaid, 16.5% on Medicare, 20.5% on non-group plans, and 2.07% on military or VA plans.

Primary care physicians in North Carolina see 1,413 patients per year on average, which represents a 0% change from the previous year (1,413 patients). Compare this to dentists who see 1634 patients per year, and mental health providers who see 299 patients per year.

By gender, of the total number of insured persons, 55.4% were men and 44.6% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 23.1% under 18 years, 15.1% between 18 and 34 years, 40.5% between 35 and 64 years, and 21.3% over 64 years.

By gender, of the total number of insured persons, 55.4% were men and 44.6% were women.

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

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Uninsured People

11.1%
Uninsured
37%
Employer Coverage
12.9%
Medicaid
16.5%
Medicare
20.5%
Non-Group
2.07%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Silver Lake, NC grew by 18% from 9.39% to 11.1%.

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

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