CensusEasy
CITY · 2020 ACS

Silver Lake CDP (Essex County)

New Jersey · 4,730 residents · 0.326 sq mi
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The short version

Silver Lake CDP (Essex County) has notably lower household income than the US average, with a median household income of $45,655. Population has held roughly steady since 2019. Median home value is $312,700. The poverty rate of 24.1% is well above the national figure. Households here earn about 46% less than the New Jersey median.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 36.9
US median: 38.8
Less educated
22% 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
4,730
+13%since 2019
from 4,197 in 2019
2010 – 2024
Population density
14,509 / sq mi
+13%since 2019
from 12,874 / sq mi in 2019
US average: 280
Median age
36.9
+4%since 2019
from 35.5 in 2019
US average: 38.8
Population, 2010 – 2024
3K4K4K5K5K201020202024Silver Lake CDP (Essex County)
20244K
201020202024
Section 02

Income & economy

Median household income
$45,655
−7%inflation adjusted, since 2019
from $48,393 in 2019
US average: $66,278
2010 – 2024
Per capita income
$22,013
+4%since 2019
from $21,219 in 2019
US average: $35,364
Households earning $100K+
30.0%
+0.7 ptssince 2019
from 29.3% in 2019
US average: 43.9%
Poverty rate
24.1%
+3.6 ptssince 2019
from 20.5% in 2019
US average: 12.8%
Workforce by industry, 2020
Information9.6%
US avg: 11.1%
Wholesale trade9%
US avg: 6.7%
Finance & insurance6.9%
US avg: 5.5%
Professional, scientific, technical6.9%
US avg: 4.7%
Retail trade4.4%
US avg: 10%
Other services2.5%
US avg: 6.6%
Public administration2.5%
US avg: 4.7%
Arts, entertainment, food1.3%
US avg: 2%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$312,700
−1%inflation adjusted, since 2019
from $312,600 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$1,310
+5%inflation adjusted, since 2019
from $1,231 in 2019
US average: $1,124
Owner-occupied
30.1%
−2.2 ptssince 2019
from 32.3% in 2019
69.9% rent
Afford Score
6.8
+6%since 2019
from 6.5 in 2019
2010 – 2024
RELATED:See current rent listings in Silver Lake CDP (Essex County) on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic17.7%(744)
Black18%(754)
Hispanic / Latino40%(1,679)
Asian20%(840)
Other4.3%(180)
Diversity Score91.8%(3,853)
2020
White, non-Hispanic18.4%(871)
Black9.6%(454)
Hispanic / Latino55.3%(2,614)
Asian12%(567)
Other8.5%(402)
Diversity Score82%(3,880)
Diversity Score
82
−11%since 2019
from 92 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
22.5%
−0.5 ptssince 2019
from 23.0% in 2019
US average: 32.9%
High school or higher
86.9%
+2.7 ptssince 2019
from 84.2% in 2019
US average: 88.5%
Graduate degree
12.8%
+4.8 ptssince 2019
from 8.0% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
27.9 min
−8%since 2019
from 30.3 min in 2019
US average: 26.9
Drive alone to work
56.8%
+6.0 ptssince 2019
from 50.8% in 2019
US average: 75.1%
No vehicle available
19.9%
−4.8 ptssince 2019
from 24.7% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
11.1%
+1.4 ptssince 2019
from 9.8% in 2019
US average: 5.4%
Labor force participation
60.3%
+2.6 ptssince 2019
from 57.7% in 2019
US average: 63.4%
Management & professional
24.0%
−2.0 ptssince 2019
from 26.0% in 2019
US average: 39.3%
Section 08

People & community

Male
47.7%
−4.0 ptssince 2019
from 51.6% in 2019
Female
52.3%
+4.0 ptssince 2019
from 48.4% in 2019
Foreign born
31.6%
−3.8 ptssince 2019
from 35.4% in 2019
US average: 13.5%
Uninsured
18.2%
+5.4 ptssince 2019
from 12.8% in 2019
US average: 8.8%
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+126%
Home value$435,400+39%
Population8,232+110%
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SILVER LAKE CDP (ESSEX COUNTY) VS
East Orange
Income$60,830+33%
Home value$365,900+17%
Population72,159+1742%
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SILVER LAKE CDP (ESSEX COUNTY) VS
Glen Ridge
Income$250,001+448%
Home value$836,600+168%
Population8,259+111%
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SILVER LAKE CDP (ESSEX COUNTY) VS
North Arlington
Income$94,201+106%
Home value$474,500+52%
Population16,601+324%
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Frequently asked

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

Silver Lake CDP (Essex County), New Jersey has about 4,730 residents according to the 2020 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 $45,655 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 $312,700, and the typical rent is about $1,310 a month.

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

About 22.5% 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 24.1% 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

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