Silver Lake CDP (Essex County), New Jersey
CityPopulation: 4,034 (2023 estimate)
Located in New Jersey , New Jersey
Census Bureau data for Silver Lake CDP (Essex County) from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Silver Lake CDP (Essex County)
- What is the median household income in Silver Lake CDP (Essex County)?
- The median household income in Silver Lake CDP (Essex County) is $86,615 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Silver Lake CDP (Essex County)?
- The poverty rate in Silver Lake CDP (Essex County) is 9.6% (U.S. Census Bureau ACS 2023).
- What is the median home value in Silver Lake CDP (Essex County)?
- $483,700 (U.S. Census Bureau ACS 2023).
- What is the average rent in Silver Lake CDP (Essex County)?
- The median gross rent in Silver Lake CDP (Essex County) is $1,501 per month (U.S. Census Bureau ACS 2023).
- What percentage of Silver Lake CDP (Essex County) residents have a college degree?
- 26.3% of adults in Silver Lake CDP (Essex County) hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
4,034
Median Income
$86,615
Median Home Value
$483,700
Poverty Rate
9.6%
Unemployment (ACS 2023)
2.8%
Median Age
41.0 yrs
Since 2019
Median Income:
+$38,222 (+79%)
Home Value:
+$171,100 (+54.7%)
Poverty Rate:
-3.5 pp (-26.7%)
Bachelor's+:
+3.3 pp (+14.3%)
Unemployment:
-7.0 pp (-71.4%)
Demographics
Total Population
4,034
Median Age
41.0
Female
60.2%
Race & Ethnicity
Hispanic or Latino 55.8%
White (non-Hisp.) 22.9%
Black 5.2%
Asian 11.7%
Two or More 8.1%
Other 19.3%
Asian Subgroups (% of total pop.)
Filipino
6.3%
Indian
5.4%
Hispanic Subgroups (% of total pop.)
Puerto Rican
3.0%
Mexican
0.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$86,615
±$24,104
-$14,435 vs. state
Per Capita Income
$93,558
Median Family Income
$105,664
Poverty Rate
9.6%
+2.6 pp vs. state
Child Poverty Rate
17.0%
Working-Age Poverty Rate
—
SNAP Recipients
11.9%
Social Security Income
—
Retirement Income
13.9%
Household Income Distribution
< $10k
13.3%
$10–15k
1.3%
$15–25k
1.4%
$25–35k
4.8%
$35–50k
10.3%
$50–75k
12.2%
$75–100k
15.2%
$100–150k
31.7%
$150–200k
5.7%
$200k+
4.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
1,620
Owner-Occupied
60.8%
Renter-Occupied
39.2%
Vacancy Rate
13.0%
Median Home Value
$483,700
+$56,100 vs. state
Median Gross Rent
$1,501
Owner Cost Burden (30%+)
65.7%
Renter Cost Burden (30%+)
28.4%
Home Value Distribution
$100–200k
2.1%
$200–300k
19.1%
$300–500k
30.3%
$500k–$1M
45.9%
Gross Rent Distribution
< $500
3.3%
$500–1k
4.7%
$1–1.5k
42.0%
$1.5–2k
40.3%
$2–2.5k
9.8%
Vehicle Availability
No vehicle
12.8%
1 vehicle
36.0%
2 vehicles
40.5%
3+
10.7%
Housing Type
Single-fam. det.
17.0%
Single-fam. att.
11.0%
2–4 units
31.6%
5–19 units
5.7%
20+ units
10.4%
Housing Age
Pre-1940
43.1%
1940–1969
12.6%
1970–1999
13.9%
2000–2009
3.4%
2010+
1.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
90.9%
Bachelor's or Higher
26.3%
-16.6 pp vs. state
Graduate Degree
10.4%
Some College / Associate
16.4%
Less Than High School
2.9%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
56.6%
Unemployment Rate
2.8%
-3.4 pp vs. state
Work from Home
6.4%
Self-Employed
5.4%
Government Workers
12.1%
Private For-Profit
82.4%
Industry
Edu/Health
20.7%
Arts/Entmt.
18.4%
Retail
18.0%
Construction
13.3%
Finance
7.0%
Public Admin
5.9%
Prof. Services
5.0%
Transportation
4.3%
Wholesale
2.5%
Manufacturing
1.9%
Occupation
Food Prep
35.4%
Management
27.8%
Sales
25.6%
Production
5.8%
Construction
5.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
38.1 min
Drove Alone
58.9%
Carpool
10.9%
Public Transit
16.9%
Work from Home
6.4%
Walked
7.0%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
1,410
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
57.2%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
22.4%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
1.2%
5–9
2.9%
10–14
7.6%
15–19
11.3%
20–24
12.3%
25–34
9.9%
35–44
8.4%
45–54
19.9%
55–64
6.4%
65–74
8.3%
75–84
8.3%
85+
1.0%
Under 18: 18.8%
Working age (18–64): 81.2%
65 and over: 11.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
39.3%
Naturalized Citizen
66.4%
Speaks English Less Than Very Well
29.2%
Foreign-Born Origin
Latin America
81.7%
Asia
15.5%
Europe
2.8%
Veterans & Disability
Veteran
1.3%
With a Disability
15.1%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
91.3%
Uninsured
8.7%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
86.7%
Has a Computer
93.3%
Same House 1 Year Ago
96.8%
Moved from Abroad
2.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023