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CITY · 2020 ACS

Silver Lake

Indiana · 875 residents · 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 $48,611. The city has grown rapidly, with population up 60% since 2000. 7% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $86,300. The poverty rate of 24.7% is well above the national figure.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 38.9
US median: 38.8
Less educated
7% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
875
+60%since 2000
from 546 in 2000
1990 – 2025
Population density
1,614 / sq mi
+60%since 2000
from 1,007 / sq mi in 2000
US average: 280
Median age
38.9
+10%since 2000
from 35.5 in 2000
US average: 38.8
Population, 1990 – 2024
4986427879311K1990201020202024Silver Lake
2024857
1990201020202024
Section 02

Income & economy

Median household income
$48,611
−2%inflation adjusted, since 2000
from $33,088 in 2000
US average: $66,278
1990 – 2024
Per capita income
$23,359
+72%since 2000
from $13,561 in 2000
US average: $35,364
Households earning $100K+
25.8%
+16.7 ptssince 2009
from 9.2% in 2009
US average: 43.9%
Poverty rate
24.7%
+12.6 ptssince 2000
from 12.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade35%
US avg: 10%
Information14.2%
US avg: 11.1%
Other services5.8%
US avg: 6.6%
Public administration5.8%
US avg: 4.7%
Finance & insurance5.2%
US avg: 5.5%
Professional, scientific, technical4.7%
US avg: 4.7%
Wholesale trade4.1%
US avg: 6.7%
Agriculture, forestry, fishing2.4%
US avg: 1.7%
Construction2.4%
US avg: 1.2%
Arts, entertainment, food1.5%
US avg: 2%
Transportation & warehousing0.4%
US avg: 2.5%
Education & health services0.4%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$86,300
−3%inflation adjusted, since 2000
from $59,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$805
+22%inflation adjusted, since 2000
from $438 in 2000
US average: $1,124
Owner-occupied
73.5%
−8.1 ptssince 2000
from 81.6% in 2000
26.5% rent
Afford Score
1.8
−1%since 2000
from 1.8 in 2000
1990 – 2024
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)
2020
White, non-Hispanic93.9%(822)
Black0.5%(4)
Hispanic / Latino3%(26)
Asian0%(0)
Other1.7%(15)
Diversity Score12.5%(109)
Diversity Score
12
+40%since 2000
from 9 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
6.8%
+2.9 ptssince 2000
from 4.0% in 2000
US average: 32.9%
High school or higher
81.0%
+14.1 ptssince 2000
from 66.9% in 2000
US average: 88.5%
Graduate degree
2.6%
+1.5 ptssince 2000
from 1.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
29.7 min
+96%since 2000
from 15.2 min in 2000
US average: 26.9
Drive alone to work
90.4%
+16.9 ptssince 2009
from 73.5% in 2009
US average: 75.1%
No vehicle available
6.2%
+4.8 ptssince 2009
from 1.4% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.3%
−14.0 ptssince 2011
from 18.3% in 2011
US average: 5.4%
Labor force participation
58.1%
−10.7 ptssince 2011
from 68.8% in 2011
US average: 63.4%
Management & professional
15.9%
−41.6 ptssince 2009
from 57.5% in 2009
US average: 39.3%
Section 08

People & community

Male
51.3%
+3.7 ptssince 2009
from 47.5% in 2009
Female
48.7%
−3.7 ptssince 2009
from 52.5% in 2009
Foreign born
0.4%
−3.4 ptssince 2009
from 3.8% in 2009
US average: 13.5%
Uninsured
9.1%
−75.8 ptssince 2013
from 84.9% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Silver Lake to nearby cities

SILVER LAKE VS
Warsaw
Income$61,035+26%
Home value$181,200+110%
Population16,130+1743%
SEE FULL COMPARISON →
SILVER LAKE VS
Wabash
Income$53,410+10%
Home value$116,500+35%
Population10,190+1065%
SEE FULL COMPARISON →
SILVER LAKE VS
Columbia City
Income$68,089+40%
Home value$189,100+119%
Population10,256+1072%
SEE FULL COMPARISON →
SILVER LAKE VS
Peru
Income$46,159−5%
Home value$92,500+7%
Population10,962+1153%
SEE FULL COMPARISON →
Frequently asked

How many people live in Silver Lake, Indiana?

Silver Lake, Indiana has about 875 residents according to the 2020 American Community Survey.

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

The typical household in Silver Lake, Indiana earns about $48,611 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 $86,300, and the typical rent is about $805 a month.

How educated are people in Silver Lake, Indiana?

About 6.8% 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 24.7% 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 328 residents, a change of about 60 percent over that period.

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

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