Silver Lake, IN
Population 961 · Indiana
About Silver Lake, IN
Silver Lake is a small community in Indiana with a population of 961 residents. The median household income is $53,542 per year, which is near the national average. The median age in Silver Lake is 46.3 years.
Housing in Silver Lake has a median home value of $107,300 and median monthly rent of $1,057. Of the 499 total housing units, the majority are owner-occupied, with 305 owner-occupied and 86 renter-occupied units.
The unemployment rate in Silver Lake is 7.9% and the poverty rate is 15.1%. 7.3% of residents hold a bachelor's degree or higher. The average commute time is 27.9 minutes.
Cost of Living in Silver Lake, IN
Compared to national averages, Silver Lake has a median household income of $53,542 (29% below the national median of $75,149). Home values average $107,300, which is 56% below the national median. Monthly rent at $1,057 is 9% below the US average of $1,163. Within Indiana, Silver Lake's income is 23% below the state average of $69,330, and home values are 34% below the state median of $163,409.
Why Live in Silver Lake, IN?
Silver Lake offers affordable housing with a median home value of $107,300, below the US average of $244,900, and rent that’s lower than the national average at $1,057/month.
Potential considerations include median household income ($53,542) that falls below the national average. However, Silver Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Silver Lake has a population of 961 with a median age of 46.3 years. Compare Silver Lake with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Silver Lake
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dublin | 962 | $58,520 | $102,400 | Compare |
| Elberfeld | 958 | $101,964 | $161,900 | Compare |
| Bunker Hill | 956 | $46,389 | $85,400 | Compare |
| Francesville | 966 | $65,469 | $113,600 | Compare |
| Fish Lake | 954 | $69,417 | $181,300 | Compare |
| Taylorsville | 978 | $48,640 | $179,400 | Compare |
| Brook | 979 | $57,422 | $101,200 | Compare |
| Roseland | 982 | $48,125 | $117,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Silver Lake
What is the population of Silver Lake, IN?
The population of Silver Lake, IN is 961 according to the latest Census data.
What is the median household income in Silver Lake?
The median household income in Silver Lake, IN is $53,542 per year.
What is the median home value in Silver Lake?
The median home value in Silver Lake, IN is $107,300.
What is the average rent in Silver Lake?
The median monthly rent in Silver Lake, IN is $1,057.
What is the unemployment rate in Silver Lake?
The unemployment rate in Silver Lake, IN is 7.9%.