Silver Lake, NJ

Census Place

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2024 Population
3,917
US Senator
Cory Booker
Democratic Party
US Senator
Andy Kim
Democratic Party
2024 Median Age
47.3
14.8% 1-year increase
2024 Poverty Rate
15.1%
45.5% 1-year increase
2024 Median Household Income
$82,469
4.79% 1-year decline
2024 Median Property Value
$448,300
7.32% 1-year decline
2024 Employed Population
2,117
8.4% 1-year growth

About

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.

81.5% of the residents in Silver Lake, NJ are U.S. citizens.

In 2024, the median property value in Silver Lake, NJ was $448,300, and the homeownership rate was 40.5%.

Most people in Silver Lake, NJ drove alone to work, and the average commute time was 38.7 minutes. The average car ownership in Silver Lake, NJ was 2 cars per household.

United StatesNew JerseyEssex County, NJNew York-Newark-Jersey City, NY-NJ-PAEssex County (Northeast)--Bloomfield PUMA, NJEssex County (Southeast)--Newark (North & East) PUMA, NJ

Population & Diversity

Silver Lake, NJ is home to a population of 3.92k people, from which 81.5% are citizens. As of 2024, 49.8% of Silver Lake, NJ residents were born outside of the country (1.95k people).

In 2024, there were 1.02 times more Two Races Including Other (Hispanic) residents (1.06k people) in Silver Lake, NJ than any other race or ethnicity. There were 1.04k White (Non-Hispanic) and 757 Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

81.5%
2024 Citizenship
86.8%
2023 Citizenship

As of 2024, 81.5% of Silver Lake, NJ residents were US citizens, which is lower than the national average of 93.2%. In 2023, the percentage of US citizens in Silver Lake, NJ was 86.8%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Silver Lake, NJ 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, NJ
  1. Two Races Including Other (Hispanic)
    1.06k ± 742
  2. White (Non-Hispanic)
    1.04k ± 464
  3. Other (Hispanic)
    757 ± 436
51.2%
Hispanic Population
2.01k people

In 2024, there were 1.02 times more Two Races Including Other (Hispanic) residents (1.06k people) in Silver Lake, NJ than any other race or ethnicity. There were 1.04k White (Non-Hispanic) and 757 Other (Hispanic) residents, the second and third most common ethnic groups.

51.2% of the people in Silver Lake, NJ are hispanic (2.01k people).

The following chart shows the 8 races represented in Silver Lake, NJ 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 New Jersey.
Most Common Origin
  1. India
    273,706 ± 12,653 people
  2. Dominican Republic
    205,965 ± 11,018 people
  3. Mexico
    107,667 ± 8,009 people

In 2023, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,706 New Jersey residents, followed by Dominican Republic with 205,965 and Mexico with 107,667.

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Foreign-Born Population

49.8%
2024 Foreign-Born Population
1.95k people
39.3%
2023 Foreign-Born Population
1.59k people

As of 2024, 49.8% of Silver Lake, NJ residents (1.95k 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, NJ was 39.3%, meaning that the rate has been increasing.

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

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Military

Veterans

Most Common Service Period
  1. Gulf War (2001-)
    36 ± 44
  2. Vietnam
    6 ± 22

Silver Lake, NJ has a large population of military personnel who served in Gulf War (2001-), 6 times greater than any other conflict.

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

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Economy

The economy of Silver Lake, NJ employs 2.12k people. In 2024, the largest industries in Silver Lake, NJ were Retail Trade (528 people), Health Care & Social Assistance (488 people), and Educational Services (240 people), and the highest paying industries were Finance & Insurance ($138,603), Public Administration ($93,848), and Transportation & Warehousing, & Utilities ($65,594).

Employment

Occupations

2.12k
2024 Value
± 563
8.4%
1 Year growth
± 36%

From 2023 to 2024, employment in Silver Lake, NJ grew at a rate of 8.4%, from 1.95k employees to 2.12k employees.

The most common job groups, by number of people living in Silver Lake, NJ, are Sales & Related Occupations (450 people), Health Technologists & Technicians (202 people), and Office & Administrative Support Occupations (195 people). This chart illustrates the share breakdown of the primary jobs held by residents of Silver Lake, NJ.

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Unemployment Insurance Claims

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

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

2.12k
2024 Value
± 563
8.4%
1 Year growth
± 36%

From 2023 to 2024, employment in Silver Lake, NJ grew at a rate of 8.4%, from 1.95k employees to 2.12k employees.

The most common employment sectors for those who live in Silver Lake, NJ, are Retail Trade (528 people), Health Care & Social Assistance (488 people), and Educational Services (240 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.

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Median Earnings by Industry

$65,789
Median earning men ± $25,635
$40,523
Median earning women ± $8,268

The industries with the best median earnings for men in 2024 are Public Administration ($93,848), Transportation & Warehousing, & Utilities ($66,406), and Educational Services, & Health Care & Social Assistance ($52,348).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($138,603), Educational Services, & Health Care & Social Assistance ($43,692), and Retail Trade ($32,807).

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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.

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Housing & Living

The median property value in Silver Lake, NJ was $448,300 in 2024, which is 1.35 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $483,700 to $448,300, a 7.32% decrease. The homeownership rate in Silver Lake, NJ is 40.5%, which is lower than the national average of 65.2%.

People in Silver Lake, NJ have an average commute time of 38.7 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

$448,300
Median Property Value 2024
±$81,702
$620
Median Property Taxes
±$231

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.

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Rent vs Own

40.5%
Homeownership
2024
49.9%
Homeowners with Mortgage
2024

In 2024, 40.5% of the housing units in Silver Lake, NJ were occupied by their owner. This percentage declined from the previous year's rate of 60.8%.

This chart shows the percentage of owner in Silver Lake, NJ 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.
$82,469
Median Household Income
± $18,684
1.53k
Number of Households
± 398

In 2024, the median household income of the 1.53k households in Silver Lake, NJ declined from $82,469 from the previous year's value of $86,615.

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 $100k - $125k range.

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Wage Distribution

The closest comparable wage GINI for Silver Lake, NJ is from New Jersey.
0.486
2023 Wage GINI in New Jersey
0.489
2022 Wage GINI in New Jersey

In 2023, the income inequality in New Jersey was 0.486 according to the GINI calculation of the wage distribution. Income inequality had a 0.709% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.476. 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.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (61.3%)
  2. Carpooled (13.1%)
  3. Walked (9.98%)

In 2024, 61.3% of workers in Silver Lake, NJ drove alone to work, followed by those who carpooled to work (13.1%) and those who walked to work (9.98%).

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

38.7 minutes
Average Travel Time

Using averages, employees in Silver Lake, NJ have a longer commute time (38.7 minutes) than the normal US worker (26.4 minutes). Additionally, 12.8% 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.

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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.

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Poverty

Poverty & Diversity

15.1% of the population for whom poverty status is determined in Silver Lake, NJ (592 out of 3.91k 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 Females 55 - 64, followed by Males 55 - 64 and then Females 45 - 54.

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

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

89.4% of the population of Silver Lake, NJ has health coverage, with 48.3% on employee plans, 20.4% on Medicaid, 13.7% on Medicare, 7% on non-group plans, and 0% on military or VA plans.

Primary care physicians in New Jersey see 1,279 patients per year on average, which represents a 0% change from the previous year (1,279 patients). Compare this to dentists who see 1157 patients per year, and mental health providers who see 320 patients per year.

By gender, of the total number of insured persons, 47.3% were men and 52.7% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 13.8% under 18 years, 22% between 18 and 34 years, 46.9% between 35 and 64 years, and 17.3% over 64 years.

By gender, of the total number of insured persons, 47.3% were men and 52.7% were women.

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

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Uninsured People

10.6%
Uninsured
48.3%
Employer Coverage
20.4%
Medicaid
13.7%
Medicare
7%
Non-Group
0%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Silver Lake, NJ grew by 21.1% from 8.73% to 10.6%.

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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