Silver Lake, OH
Population 2,514 · Ohio
About Silver Lake, OH
Silver Lake is a small town located in Ohio with a population of 2,514 residents according to the latest US Census Bureau American Community Survey data. The median household income is $142,083 per year, which is 89% above the national median of $75,149. The median age of 52.5 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 features a median home value of $299,500, which is 22% above the national median of $244,900. This positions Silver Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,696, 46% above the national average of $1,163/month. Of the 1,014 total housing units, 92% are owner-occupied (890 units) and 8% are renter-occupied (76 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Silver Lake shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Silver Lake have an average one-way commute time of 25.3 minutes.
Education & Demographics
61.9% of Silver Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.3% White, 2.7% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 3.1% of the population being foreign-born.
How Silver Lake Ranks in Ohio
Cost of Living in Silver Lake, OH
Compared to national averages, Silver Lake has a median household income of $142,083 (89% above the national median of $75,149). Home values average $299,500, which is 22% above the national median. Monthly rent at $1,696 is 46% above the US average of $1,163. Within Ohio, Silver Lake's income is 98% above the state average of $71,814, and home values are 72% above the state median of $174,449.
Why Live in Silver Lake, OH?
Silver Lake offers a strong local economy with a median household income of $142,083, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 61.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.6%, better than the national average.
Silver Lake has a population of 2,514 with a median age of 52.5 years. Compare Silver Lake with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Silver Lake
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buckeye Lake | 2,513 | $75,179 | $179,000 | Compare |
| Burlington | 2,517 | $38,732 | $0 | Compare |
| Enon | 2,503 | $82,500 | $195,400 | Compare |
| Morrow | 2,526 | $79,345 | $242,300 | Compare |
| Hebron | 2,474 | $56,691 | $168,500 | Compare |
| Oak Harbor | 2,555 | $46,939 | $134,700 | Compare |
| Day Heights | 2,556 | $80,125 | $241,100 | Compare |
| Shawnee Hills | 2,561 | $100,000 | $183,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Silver Lake With Other Cities
Frequently Asked Questions about Silver Lake
What is the population of Silver Lake, OH?
The population of Silver Lake, OH is 2,514 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Silver Lake?
The median household income in Silver Lake, OH is $142,083 per year, which is 89% above the national median of $75,149.
What is the median home value in Silver Lake?
The median home value in Silver Lake, OH is $299,500, which is 22% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Silver Lake?
The median monthly rent in Silver Lake, OH is $1,696, which is 46% above the national average of $1,163/month.
What is the unemployment rate in Silver Lake?
The unemployment rate in Silver Lake, OH is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Silver Lake, OH a good place to live?
Silver Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,514 and a median age of 52.5, the city appeals to established professionals and retirees.
How educated is Silver Lake, OH?
61.9% of residents in Silver Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Silver Lake?
Key cost-of-living indicators for Silver Lake, OH: median home value is $299,500 (22% above national), median rent is $1,696/month, and median household income is $142,083. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Silver Lake?
The poverty rate in Silver Lake, OH is 2.6%, 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, OH?
Silver Lake's population is 0.3% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 2.7% two or more races. 3.1% of residents are foreign-born.