CITY · 2020 ACS

Silver Lake CDP (Cumberland County)

New Jersey · 1,435 residents · 1.431 sq mi

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The short version

Silver Lake CDP (Cumberland County) is significantly wealthier than the US average, with a median household income of $106,316. Population has held roughly steady since 2021. Median home value is $263,400. With a median age of 44.2, the population is older than the US median of 38.8. Poverty is rare here, at 1.5% of residents.

At a glance

Wealthier

above the US median

US median: $66,278

Older

median age 44.2

US median: 38.8

Less educated

28% 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

1,435

+10%vs 2021

vs 1,299 in 2021

2020 – 2024

Population density

1,003 / sq mi

+10%vs 2021

vs 908 / sq mi in 2021

US average: 280

Median age

44.2

+31%vs 2021

vs 33.8 in 2021

US average: 38.8

Population, 2020 – 2024

20242K

Section 02

Income & economy

Median household income

$106,316

+30%inflation adjusted, since 2021

vs $85,714 in 2021

US average: $66,278

2020 – 2024

Per capita income

$41,893

−1%vs 2021

vs $42,186 in 2021

US average: $35,364

Households earning $100K+

69.6%

+1.9 ptsvs 2021

vs 67.7% in 2021

US average: 43.9%

Poverty rate

1.5%

−0.3 ptsvs 2021

vs 1.8% in 2021

US average: 12.8%

Workforce by industry, 2020

Finance & insurance10.2%

US avg: 5.5%

Education & health services6%

US avg: 0.8%

Wholesale trade5.8%

US avg: 6.7%

Retail trade4.4%

US avg: 10%

Professional, scientific, technical4.2%

US avg: 4.7%

Other services3.7%

US avg: 6.6%

Information3.3%

US avg: 11.1%

Public administration2.8%

US avg: 4.7%

Agriculture, forestry, fishing2.3%

US avg: 1.7%

Construction2.3%

US avg: 1.2%

Transportation & warehousing1.6%

US avg: 2.5%

Manufacturing0%

US avg: 0.5%

Arts, entertainment, food0%

US avg: 2%

BARS: THIS PLACE · TICKS: US AVERAGE

Section 03

Housing

Median home value

$263,400

+4%inflation adjusted, since 2021

vs $264,800 in 2021

US average: $265,253

2020 – 2024

Owner-occupied

95.8%

+8.6 ptsvs 2021

vs 87.3% in 2021

4.2% rent

Afford Score

2.5

−20%vs 2021

vs 3.1 in 2021

2020 – 2024

RELATED:See current rent listings in Silver Lake CDP (Cumberland County) on RentDataNow

Section 04

Race & ethnicity

2021

White, non-Hispanic63.7%(827)

Black19%(247)

Hispanic / Latino12.3%(160)

Asian2.5%(32)

Other2.5%(33)

Diversity Score67.8%(880)

2020

White, non-Hispanic74.1%(1,064)

Black5.4%(78)

Hispanic / Latino9.7%(139)

Asian5.2%(75)

Other2.3%(34)

Diversity Score49.6%(712)

Diversity Score

−27%vs 2021

vs 68 in 2021

2020 – 2024

Section 05

Education

Bachelor's degree or higher

27.6%

+0.4 ptsvs 2021

vs 27.1% in 2021

US average: 32.9%

High school or higher

91.9%

−1.5 ptsvs 2021

vs 93.4% in 2021

US average: 88.5%

Graduate degree

11.6%

+1.3 ptsvs 2021

vs 10.2% in 2021

US average: 12.7%

Section 06

Commute & transportation

Average commute

26.9 min

+4%vs 2021

vs 26.0 min in 2021

US average: 26.9

Drive alone to work

84.3%

+6.3 ptsvs 2021

vs 78.0% in 2021

US average: 75.1%

No vehicle available

0.0%

−3.0 ptsvs 2021

vs 3.0% in 2021

US average: 8.4%

Section 07

Work & employment

Unemployment rate

0.0%

Unchangedvs 2021

vs 0.0% in 2021

US average: 5.4%

Labor force participation

66.1%

−6.3 ptsvs 2021

vs 72.4% in 2021

US average: 63.4%

Management & professional

35.1%

−10.2 ptsvs 2021

vs 45.2% in 2021

US average: 39.3%

Section 08

People & community

Male

56.6%

+1.2 ptsvs 2021

vs 55.4% in 2021

Female

43.4%

−1.2 ptsvs 2021

vs 44.6% in 2021

Foreign born

0.0%

Unchangedvs 2021

vs 0.0% in 2021

US average: 13.5%

Uninsured

0.0%

−11.6 ptsvs 2021

vs 11.6% in 2021

US average: 8.8%

Drill deeper

Places similar to Silver Lake CDP (Cumberland County)

Head to head

Compare Silver Lake CDP (Cumberland County) to nearby cities

SILVER LAKE CDP (CUMBERLAND COUNTY) VS

Bridgeton

Income$55,781−48%

Home value$145,500−45%

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SILVER LAKE CDP (CUMBERLAND COUNTY) VS

Millville

Income$70,275−34%

Home value$219,000−17%

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SILVER LAKE CDP (CUMBERLAND COUNTY) VS

Vineland

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SILVER LAKE CDP (CUMBERLAND COUNTY) VS

Clayton

Income$90,274−15%

Home value$252,300−4%

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Frequently asked

How many people live in Silver Lake CDP (Cumberland County), New Jersey?

Silver Lake CDP (Cumberland County), New Jersey has about 1,435 residents according to the 2020 American Community Survey.

What is the median household income in Silver Lake CDP (Cumberland County), New Jersey?

The typical household in Silver Lake CDP (Cumberland County), New Jersey earns about $106,316 a year. Half of households make more than that, and half make less.