Silver Lake CDP (Cumberland County), New Jersey, NJ
Population 1,447 · New Jersey
About Silver Lake CDP (Cumberland County), New Jersey, NJ
Silver Lake CDP (Cumberland County), New Jersey is a small town located in New Jersey with a population of 1,447 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,217 per year, which is 17% above the national median of $75,149. The median age of 45 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Silver Lake CDP (Cumberland County), New Jersey features a median home value of $304,800, which is 24% above the national median of $244,900. This positions Silver Lake CDP (Cumberland County), New Jersey in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 637 total housing units, 87% are owner-occupied (552 units) and 13% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Silver Lake CDP (Cumberland County), New Jersey shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Silver Lake CDP (Cumberland County), New Jersey have an average one-way commute time of 27.3 minutes.
Education & Demographics
21.4% of Silver Lake CDP (Cumberland County), New Jersey residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 7.4% White, 6.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Silver Lake CDP (Cumberland County), New Jersey, NJ
Compared to national averages, Silver Lake CDP (Cumberland County), New Jersey has a median household income of $88,217 (17% above the national median of $75,149). Home values average $304,800, which is 24% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Silver Lake CDP (Cumberland County), New Jersey's income is 24% below the state average of $115,667, and home values are 35% below the state median of $469,644.
Why Live in Silver Lake CDP (Cumberland County), New Jersey, NJ?
Silver Lake CDP (Cumberland County), New Jersey offers a strong local economy with a median household income of $88,217, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 2.2%, better than the national average.
Silver Lake CDP (Cumberland County), New Jersey has a population of 1,447 with a median age of 45 years. Compare Silver Lake CDP (Cumberland County), New Jersey with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Silver Lake CDP (Cumberland County), New Jersey
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bedminster | 1,463 | $123,289 | $830,800 | Compare |
| Seabrook Farms | 1,469 | $43,815 | $255,300 | Compare |
| Alloway | 1,473 | $138,260 | $282,500 | Compare |
| East Vineland | 1,475 | $98,231 | $229,500 | Compare |
| Beesleys Point | 1,476 | $0 | $299,800 | Compare |
| Avalon | 1,478 | $143,482 | $1,756,100 | Compare |
| Collings Lakes | 1,489 | $86,359 | $194,500 | Compare |
| Vernon Center | 1,490 | $74,853 | $160,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Silver Lake CDP (Cumberland County), New Jersey With Other Cities
Frequently Asked Questions about Silver Lake CDP (Cumberland County), New Jersey
What is the population of Silver Lake CDP (Cumberland County), New Jersey, NJ?
The population of Silver Lake CDP (Cumberland County), New Jersey, NJ is 1,447 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Silver Lake CDP (Cumberland County), New Jersey?
The median household income in Silver Lake CDP (Cumberland County), New Jersey, NJ is $88,217 per year, which is 17% above the national median of $75,149.
What is the median home value in Silver Lake CDP (Cumberland County), New Jersey?
The median home value in Silver Lake CDP (Cumberland County), New Jersey, NJ is $304,800, which is 24% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Silver Lake CDP (Cumberland County), New Jersey?
The median monthly rent in Silver Lake CDP (Cumberland County), New Jersey, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Silver Lake CDP (Cumberland County), New Jersey?
The unemployment rate in Silver Lake CDP (Cumberland County), New Jersey, NJ is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Silver Lake CDP (Cumberland County), New Jersey, NJ a good place to live?
Silver Lake CDP (Cumberland County), New Jersey offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,447 and a median age of 45, the city appeals to a broad range of residents.
How educated is Silver Lake CDP (Cumberland County), New Jersey, NJ?
21.4% of residents in Silver Lake CDP (Cumberland County), New Jersey aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Silver Lake CDP (Cumberland County), New Jersey?
Key cost-of-living indicators for Silver Lake CDP (Cumberland County), New Jersey, NJ: median home value is $304,800 (24% above national), median rent is $0/month, and median household income is $88,217. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Silver Lake CDP (Cumberland County), New Jersey?
The poverty rate in Silver Lake CDP (Cumberland County), New Jersey, NJ is 2.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Silver Lake CDP (Cumberland County), New Jersey, NJ?
Silver Lake CDP (Cumberland County), New Jersey's population is 7.4% White, 6.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.0% two or more races. 1.7% of residents are foreign-born.