Silver Lake, NJ

Census Place

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2023 Population

4,034

8.46% 1-year decline

US Senator

N/ACory Booker

Democratic Party

US Senator

N/AAndy Kim

Democratic Party

2023 Poverty Rate

10.4%

33.5% 1-year decrease

2023 Median Property Value

$483,700

9.51% 1-year growth

About

In 2023, Silver Lake, NJ had a population of 4.03k people with a median age of N/A and a median household income of N/A. Between 2022 and 2023 the population of Silver Lake, NJ declined from 4,407 to 4,034, a −8.46% decrease and its median household income N/A from N/A to N/A, a N/A% N/A.

The 5 largest ethnic groups in Silver Lake, NJ are White (Hispanic) (32.8%), White (Non-Hispanic) (22.9%), Other (Hispanic) (13.5%), Asian (Non-Hispanic) (11.1%), and Two+ (Hispanic) (7.81%).

None of the households in Silver Lake, NJ 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.

86.8% of the residents in Silver Lake, NJ are U.S. citizens.

In 2023, the median property value in Silver Lake, NJ was $483,700, and the homeownership rate was 60.8%.

Most people in Silver Lake, NJ drove alone to work, and the average commute time was 38.1 minutes. The average car ownership in Silver Lake, NJ was 2 cars per household.

United States New Jersey Essex County, NJ New York-Newark-Jersey City, NY-NJ-PA Essex County (Northeast)--Bloomfield PUMA, NJ Essex County (Southeast)--Newark (North & East) PUMA, NJ

Population & Diversity

Silver Lake, NJ is home to a population of 4.03k people, from which 86.8% are citizens. As of N/A, N/A% of Silver Lake, NJ residents were born outside of the country (N/A people).

In 2023, there were 1.43 times more White (Hispanic) residents (1.32k people) in Silver Lake, NJ than any other race or ethnicity. There were 924 White (Non-Hispanic) and 546 Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

86.8%

2023 Citizenship

85.1%

2022 Citizenship

As of 2023, 86.8% of Silver Lake, NJ residents were US citizens, which is lower than the national average of 93.4%. In 2022, the percentage of US citizens in Silver Lake, NJ was 85.1%, meaning that the rate of citizenship has been increasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Silver Lake, NJ

White (Hispanic)
1.32k ± 933
White (Non-Hispanic)
924 ± 422
Other (Hispanic)
546 ± 531

55.8%

Hispanic Population

2.25k people

55.8% of the people in Silver Lake, NJ are hispanic (2.25k people).

The following chart shows the 7 races represented in Silver Lake, NJ 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 New Jersey.

Most Common Origin

India
273,669 ± 12,652 people
Dominican Republic
204,992 ± 10,992 people
Mexico
104,320 ± 7,885 people

In 2022, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,669 New Jersey residents, followed by Dominican Republic with 204,992 and Mexico with 104,320.

Economy

The economy of Silver Lake, NJ employs N/A people. The largest industries in Silver Lake, NJ are Retail Trade (352 people), Accommodation & Food Services (346 people), and Health Care & Social Assistance (277 people), and the highest paying industries are Transportation & Warehousing, & Utilities ($122,766), Transportation & Warehousing ($122,766), and Public Administration ($91,348).

Employment

Occupations

N/A

N/A Value

± N/A

From N/A to N/A, employment in Silver Lake, NJ stayed at a rate of NaNk%, from N/A employees to N/A employees.

The most common job groups, by number of people living in Silver Lake, NJ, are Sales & Related Occupations (349 people), Food Preparation & Serving Related Occupations (335 people), and Management Occupations (245 people). This chart illustrates the share breakdown of the primary jobs held by residents of Silver Lake, NJ.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in New Jersey (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

N/A

N/A Value

± N/A

From N/A to N/A, employment in Silver Lake, NJ stayed at a rate of NaNk%, from N/A employees to N/A employees.

The most common employment sectors for those who live in Silver Lake, NJ, are Retail Trade (352 people), Accommodation & Food Services (346 people), and Health Care & Social Assistance (277 people). This chart shows the share breakdown of the primary industries for residents of Silver Lake, NJ, though some of these residents may live in Silver Lake, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

N/A

Median earning men ± N/A

N/A

Median earning women ± N/A

The industries with the best median earnings for men in 2023 are Transportation & Warehousing, & Utilities ($123,059), Public Administration ($91,348), and Educational Services, & Health Care & Social Assistance ($81,319).

The industries with the best median earnings for women in 2023 are Finance & Insurance, & Real Estate & Rental & Leasing ($76,630), Educational Services, & Health Care & Social Assistance ($37,145), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($22,660).

Employment by Industry Sector

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

Y-Axis

2.27%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% 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 16.5%.

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

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

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

Measure

In 2022, 1.15% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

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

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.92M), Bachelors Degree (1.77M), and Some college (1.3M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Silver Lake, NJ was $483,700 in 2023, which is 1.59 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $441,700 to $483,700, a 9.51% increase. The homeownership rate in Silver Lake, NJ is 60.8%, which is approximately the same as the national average of 65%.

People in Silver Lake, NJ have an average commute time of 38.1 minutes, and they drove alone to work. Car ownership in Silver Lake, NJ is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$483,700

Median Property Value 2023

±$67,036

N/A

Median Property Taxes

±N/A

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, NJ the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

60.8%

Homeownership

2023

61.4%

Homeowners with Mortgage

2023

In 2023, 60.8% of the housing units in Silver Lake, NJ were occupied by their owner. This percentage grew from the previous year's rate of 48.9%.

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

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

The following map shows all of the places in Silver Lake, NJ colored by their Median Household Income (N/A).

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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.

N/A

Median Household Income

± N/A

1.41k

Number of Households

± 377

In N/A, the median household income of the 1.41k households in Silver Lake, NJ N/A N/A from the previous year's value of N/A.

The following chart displays the households in Silver Lake, NJ 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 N/A range.

Wage Distribution

The closest comparable wage GINI for Silver Lake, NJ is from New Jersey.

0.489

2022 Wage GINI in New Jersey

0.49

2021 Wage GINI in New Jersey

In 2022, the income inequality in New Jersey was 0.489 according to the GINI calculation of the wage distribution. Income inequality had a 0.278% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.478. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (58.9%)
Public Transit (16.9%)
Carpooled (10.9%)

In 2023, 58.9% of workers in Silver Lake, NJ drove alone to work, followed by those who used public transit to get to work (16.9%) and those who carpooled to work (10.9%).

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

38.1 minutes

Average Travel Time

Using averages, employees in Silver Lake, NJ have a longer commute time (38.1 minutes) than the normal US worker (26.6 minutes). Additionally, 6.46% of the workforce in Silver Lake, NJ have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

10.4% of the population for whom poverty status is determined in Silver Lake, NJ (419 out of 4.03k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are N/A N/A, followed by N/A N/A and then N/A N/A.

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

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

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

Health

91.3% of the population of Silver Lake, NJ has health coverage, with 57.3% on employee plans, 15.1% on Medicaid, 8.6% on Medicare, 10.2% on non-group plans, and 0% on military or VA plans.

Coverage

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 19.9% under 18 years, 25.3% between 18 and 34 years, 42.9% between 35 and 64 years, and 11.8% over 64 years.

By gender, of the total number of insured persons, 38.5% were men and 61.5% were women.

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

Uninsured People

8.73%

Uninsured

57.3%

Employer Coverage

15.1%

Medicaid

8.6%

Medicare

10.2%

Non-Group

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Silver Lake, NJ declined by 52.4% from 18.3% to 8.73%.

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

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