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CITY

Silver Lake CDP (Essex County)

New Jersey · 3,917 residents · 0.326 sq mi
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The short version

Silver Lake CDP (Essex County) has roughly average household income, with a median household income of $82,469. Population has held roughly steady since 2023. Median home value is $448,300. With a median age of 47.3, the population is older than the US median of 38.9.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 47.3
US median: 38.9
Less educated
30% hold a bachelor's degree
US average: 36%
More affordable
home values down 10%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
3,917
−3%since 2023
from 4,034 in 2023
2010 – 2024
Population density
12,015 / sq mi
−3%since 2023
from 12,374 / sq mi in 2023
US average: 281
Median age
47.3
+15%since 2023
from 41.2 in 2023
US average: 38.9
Population, 2010 – 2024
3K4K4K5K5K201020202024Silver Lake CDP (Essex County)
20244K
201020202024
Section 02

Income & economy

Median household income
$82,469
−8%inflation adjusted, since 2023
from $86,615 in 2023
US average: $82,259
2010 – 2024
Per capita income
$37,033
+21%since 2023
from $30,496 in 2023
US average: $44,673
Households earning $100K+
57.9%
+1.1 ptssince 2023
from 56.7% in 2023
US average: 53.3%
Poverty rate
15.1%
+4.7 ptssince 2023
from 10.4% in 2023
US average: 12.5%
Income inequality (Gini)
0.424
+12%since 2023
from 0.378 in 2023
US average: 0.476
Workforce by industry, 2024
Information24.9%
US avg: 10.8%
Finance & insurance7.4%
US avg: 5.9%
Professional, scientific, technical7.4%
US avg: 5.1%
Other services7.1%
US avg: 6.7%
Retail trade4.4%
US avg: 9.9%
Public administration2.7%
US avg: 4.8%
Wholesale trade1.4%
US avg: 6.9%
Transportation & warehousing1.4%
US avg: 2.2%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$448,300
−10%inflation adjusted, since 2023
from $483,700 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,448
−6%inflation adjusted, since 2023
from $1,501 in 2023
US average: $1,442
Owner-occupied
40.5%
−20.2 ptssince 2023
from 60.8% in 2023
59.5% rent
Vacancy rate
2.2%
−10.7 ptssince 2023
from 13.0% in 2023
US average: 10.0%
Owner cost-burdened
55.0%
−15.9 ptssince 2023
from 70.9% in 2023
US average: 22.9%
Renter cost-burdened
30.0%
+3.8 ptssince 2023
from 26.2% in 2023
US average: 47.4%
Afford Score
5.4
−3%since 2023
from 5.6 in 2023
2010 – 2024
Gentrification Score
51
RELATED:See current rent listings in Silver Lake CDP (Essex County) on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic22.9%(924)
Black4.1%(164)
Hispanic / Latino55.8%(2,251)
Asian11.1%(449)
Other6.1%(246)
Diversity Score77.3%(3,118)
2024
White, non-Hispanic26.6%(1,040)
Black6.6%(257)
Hispanic / Latino51.2%(2,006)
Asian9.1%(355)
Other6.6%(259)
Diversity Score81.3%(3,184)
Diversity Score
81
+5%since 2023
from 77 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
30.1%
+3.8 ptssince 2023
from 26.3% in 2023
US average: 35.6%
High school or higher
87.7%
−3.2 ptssince 2023
from 90.9% in 2023
US average: 89.6%
Graduate degree
13.3%
+2.9 ptssince 2023
from 10.4% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
38.7 min
+2%since 2023
from 38.1 min in 2023
US average: 26.5
Drive alone to work
61.3%
+2.4 ptssince 2023
from 58.9% in 2023
US average: 68.9%
Carpooled to work
13.1%
+2.2 ptssince 2023
from 10.9% in 2023
US average: 8.5%
Public transit
9.8%
−7.0 ptssince 2023
from 16.9% in 2023
US average: 3.2%
Worked from home
4.9%
−1.5 ptssince 2023
from 6.4% in 2023
US average: 15.0%
Walked to work
10.0%
+3.0 ptssince 2023
from 7.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
13.3%
+0.4 ptssince 2023
from 12.8% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.4%
−1.4 ptssince 2023
from 2.8% in 2023
US average: 5.2%
Labor force participation
60.9%
+4.3 ptssince 2023
from 56.6% in 2023
US average: 63.5%
Self-employed
6.8%
+0.4 ptssince 2023
from 6.4% in 2023
US average: 13.1%
Management & professional
35.6%
+7.8 ptssince 2023
from 27.8% in 2023
US average: 42.5%
Section 08

People & community

Male
47.3%
+7.6 ptssince 2023
from 39.8% in 2023
Female
52.7%
−7.6 ptssince 2023
from 60.2% in 2023
Foreign born
49.8%
+10.5 ptssince 2023
from 39.3% in 2023
US average: 14.1%
Veterans
1.2%
−0.1 ptssince 2023
from 1.3% in 2023
US average: 6.2%
With a disability
19.8%
+4.7 ptssince 2023
from 15.1% in 2023
US average: 13.3%
Uninsured
10.6%
+1.9 ptssince 2023
from 8.7% in 2023
US average: 8.4%
Broadband at home
88.2%
+1.5 ptssince 2023
from 86.7% in 2023
US average: 91.0%
English only at home
34.3%
+2.9 ptssince 2023
from 31.4% in 2023
US average: 77.7%
Spanish at home
51.8%
−1.9 ptssince 2023
from 53.7% in 2023
US average: 13.6%
Drill deeper

Places similar to Silver Lake CDP (Essex County)

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Head to head

Compare Silver Lake CDP (Essex County) to nearby cities

SILVER LAKE CDP (ESSEX COUNTY) VS
Watsessing
Income$103,378+25%
Home value$435,400−3%
Population8,232+110%
SEE FULL COMPARISON →
SILVER LAKE CDP (ESSEX COUNTY) VS
East Orange
Income$60,830−26%
Home value$365,900−18%
Population72,159+1742%
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SILVER LAKE CDP (ESSEX COUNTY) VS
Glen Ridge
Income$250,001+203%
Home value$836,600+87%
Population8,259+111%
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SILVER LAKE CDP (ESSEX COUNTY) VS
North Arlington
Income$94,201+14%
Home value$474,500+6%
Population16,601+324%
SEE FULL COMPARISON →
Frequently asked

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

Silver Lake CDP (Essex County), New Jersey has about 3,917 residents according to the 2024 American Community Survey.

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

The typical household in Silver Lake CDP (Essex County), New Jersey earns about $82,469 a year. Half of households make more than that, and half make less.

Is Silver Lake CDP (Essex County), New Jersey expensive?

In Silver Lake CDP (Essex County), New Jersey, the median home is worth about $448,300, and the typical rent is about $1,448 a month.

How educated are people in Silver Lake CDP (Essex County), New Jersey?

About 30.1% of adults age 25 and over in Silver Lake CDP (Essex County), New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Silver Lake CDP (Essex County), New Jersey?

About 15.1% of people in Silver Lake CDP (Essex County), New Jersey live below the federal poverty line.

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

How we source and harmonize this data →