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Silver Lake CDP (Essex County), New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
3,917
Population
$82,469
Median Income
$448,300
Home Value
47.3
Median Age

Demographics

Silver Lake CDP (Essex County) has a population of 3,917 with a median age of 47.3. Here is the racial and ethnic breakdown of the population:

Hispanic
51.2%
White
30.3%
Asian
9.1%
Black
7.6%
Other
1.8%
Demographic Value
Total Population3,917
Median Age47.3
White30.3%
Black or African American7.6%
Asian9.1%
Hispanic or Latino51.2%
Other / Two or More Races1.8%
Silver Lake CDP (Essex County), New Jersey — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.Hispanic/Latino: 51.2%White: 30.3%Asian: 9.1%Black: 7.6%Other: 1.8%3,917PopulationHispanic/LatinoHispanic/Latino51.2%WhiteWhite30.3%AsianAsian9.1%BlackBlack7.6%OtherOther1.8%

Income & Economy

The median household income in Silver Lake CDP (Essex County) is $82,469, which is 2.3% above the national median of $80,610. The per capita income is $37,033. The poverty rate is 15.1%.

$82,469
Median Household Income
$37,033
Per Capita Income
15.1%
Poverty Rate

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Education

In Silver Lake CDP (Essex County), 87.7% of residents age 25+ have a high school diploma or higher, and 30.1% hold a bachelor's degree or higher (13.3% with a graduate or professional degree).

HS Diploma+
87.7%
Bachelor's+
30.1%
Graduate+
13.3%
Education Level % of Adults (25+)
High School Diploma or Higher87.7%
Bachelor's Degree or Higher30.1%
Graduate or Professional Degree13.3%

Housing

The median home value in Silver Lake CDP (Essex County) is $448,300, above the national median of $303,400. The median monthly rent is $1,448. The homeownership rate is 40.5%.

$448,300
Median Home Value
$1,448/mo
Median Rent
40.5%
Homeownership Rate
Housing Metric Value
Median Home Value$448,300
Median Monthly Rent$1,448
Homeownership Rate40.5%
Vacancy Rate2.2%

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Frequently Asked Questions

What is the population of Silver Lake CDP (Essex County), New Jersey?
The population of Silver Lake CDP (Essex County), New Jersey is 3,917 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Silver Lake CDP (Essex County), New Jersey?
The median household income in Silver Lake CDP (Essex County), New Jersey is $82,469. This is 2.3% above the national median of $80,610.
What is the median home value in Silver Lake CDP (Essex County), New Jersey?
The median home value in Silver Lake CDP (Essex County), New Jersey is $448,300. The median monthly rent is $1,448.
What percentage of people in Silver Lake CDP (Essex County) have a college degree?
In Silver Lake CDP (Essex County), New Jersey, 30.1% of adults age 25 and older hold a bachelor's degree or higher, and 87.7% have a high school diploma or higher.
Is Silver Lake CDP (Essex County), New Jersey an affordable place to live?
The home price-to-income ratio in Silver Lake CDP (Essex County), New Jersey is 5.4x (median home value $448,300 vs. median income $82,469), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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