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CITY

Silver Lake

Indiana · 875 residents (2025 est.) · 0.542 sq mi
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The short version

Silver Lake has notably lower household income than the US average, with a median household income of $55,272. The city has grown rapidly, with population up 57% since 2000. 8% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $112,000.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 42.1
US median: 38.9
Less educated
8% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
857
+57%since 2000
from 546 in 2000
1990 – 2025
Population density
1,581 / sq mi
+57%since 2000
from 1,007 / sq mi in 2000
US average: 281
Median age
42.1
+19%since 2000
from 35.5 in 2000
US average: 38.9

PEP 2025 EST:875 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
4986427879311K1990201020202024Silver Lake
2024857
1990201020202024
Section 02

Income & economy

Median household income
$55,272
−8%inflation adjusted, since 2000
from $33,088 in 2000
US average: $82,259
1990 – 2024
Per capita income
$27,803
+105%since 2000
from $13,561 in 2000
US average: $44,673
Households earning $100K+
33.1%
+23.9 ptssince 2009
from 9.2% in 2009
US average: 53.3%
Poverty rate
15.2%
+3.2 ptssince 2000
from 12.1% in 2000
US average: 12.5%
Income inequality (Gini)
0.357
−3%since 2010
from 0.367 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade35.1%
US avg: 9.9%
Information10.1%
US avg: 10.8%
Other services9.3%
US avg: 6.7%
Public administration7.5%
US avg: 4.8%
Transportation & warehousing3.8%
US avg: 2.2%
Wholesale trade3.2%
US avg: 6.9%
Finance & insurance2.9%
US avg: 5.9%
Professional, scientific, technical2.9%
US avg: 5.1%
Agriculture, forestry, fishing0.9%
US avg: 1.6%
Construction0.9%
US avg: 1.2%
Arts, entertainment, food0.6%
US avg: 1.9%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$112,000
+3%inflation adjusted, since 2000
from $59,500 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,158
+45%inflation adjusted, since 2000
from $438 in 2000
US average: $1,442
Owner-occupied
79.2%
−2.4 ptssince 2000
from 81.6% in 2000
20.8% rent
Vacancy rate
20.4%
+7.8 ptssince 2009
from 12.6% in 2009
US average: 10.0%
Owner cost-burdened
20.9%
+1.1 ptssince 2009
from 19.8% in 2009
US average: 22.9%
Renter cost-burdened
41.0%
−17.3 ptssince 2009
from 58.3% in 2009
US average: 47.4%
Afford Score
2.0
+13%since 2000
from 1.8 in 2000
1990 – 2024
Gentrification Score
35
RELATED:See current rent listings in Silver Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic95.6%(522)
Black0%(0)
Hispanic / Latino3.5%(19)
Asian0.2%(1)
Other0%
Diversity Score8.9%(49)
2024
White, non-Hispanic95.6%(819)
Black0.1%(1)
Hispanic / Latino1.8%(15)
Asian1.1%(9)
Other1.5%(13)
Diversity Score10.8%(92)
Diversity Score
11
+21%since 2000
from 9 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
8.3%
+4.4 ptssince 2000
from 4.0% in 2000
US average: 35.6%
High school or higher
85.7%
+18.8 ptssince 2000
from 66.9% in 2000
US average: 89.6%
Graduate degree
0.6%
−0.5 ptssince 2000
from 1.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
26.6 min
+76%since 2000
from 15.2 min in 2000
US average: 26.5
Drive alone to work
82.0%
+8.5 ptssince 2009
from 73.5% in 2009
US average: 68.9%
Carpooled to work
14.8%
−6.4 ptssince 2009
from 21.2% in 2009
US average: 8.5%
Public transit
0.0%
−0.7 ptssince 2009
from 0.7% in 2009
US average: 3.2%
Worked from home
1.4%
−1.5 ptssince 2009
from 2.9% in 2009
US average: 15.0%
Walked to work
1.4%
+0.5 ptssince 2009
from 1.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
2.4%
+1.0 ptssince 2009
from 1.4% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.3%
−12.1 ptssince 2011
from 18.3% in 2011
US average: 5.2%
Labor force participation
52.1%
−16.6 ptssince 2011
from 68.8% in 2011
US average: 63.5%
Self-employed
4.6%
−3.5 ptssince 2009
from 8.1% in 2009
US average: 13.1%
Management & professional
24.3%
−33.2 ptssince 2009
from 57.5% in 2009
US average: 42.5%
Section 08

People & community

Male
50.1%
+2.5 ptssince 2009
from 47.5% in 2009
Female
49.9%
−2.5 ptssince 2009
from 52.5% in 2009
Foreign born
0.5%
−3.3 ptssince 2009
from 3.8% in 2009
US average: 14.1%
Veterans
7.0%
−40.8 ptssince 2009
from 47.8% in 2009
US average: 6.2%
With a disability
24.2%
+8.8 ptssince 2012
from 15.4% in 2012
US average: 13.3%
Uninsured
10.3%
−74.6 ptssince 2013
from 84.9% in 2013
US average: 8.4%
Broadband at home
83.5%
+13.5 ptssince 2017
from 70.0% in 2017
US average: 91.0%
English only at home
99.0%
+0.9 ptssince 2016
from 98.1% in 2016
US average: 77.7%
Spanish at home
1.0%
+0.1 ptssince 2016
from 0.8% in 2016
US average: 13.6%
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Compare Silver Lake to nearby cities

SILVER LAKE VS
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Income$61,035+10%
Home value$181,200+62%
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SILVER LAKE VS
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SILVER LAKE VS
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SILVER LAKE VS
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Home value$92,500−17%
Population10,962+1153%
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Frequently asked

How many people live in Silver Lake, Indiana?

Silver Lake, Indiana has about 857 residents according to the 2024 American Community Survey.

What is the median household income in Silver Lake, Indiana?

The typical household in Silver Lake, Indiana earns about $55,272 a year. Half of households make more than that, and half make less.

Is Silver Lake, Indiana expensive?

In Silver Lake, Indiana, the median home is worth about $112,000, and the typical rent is about $1,158 a month.

How educated are people in Silver Lake, Indiana?

About 8.3% of adults age 25 and over in Silver Lake, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Silver Lake, Indiana?

About 15.2% of people in Silver Lake, Indiana live below the federal poverty line.

Has Silver Lake, Indiana grown since 1990?

Yes, Silver Lake, Indiana has grown since 1990. The population has added about 310 residents, a change of about 57 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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