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The total population of Silver Lake is estimated to be 963 with 466 males (48.39%) and 497 females (51.61%). There are 31 more females than males in Silver Lake.
The median household income in Silver Lake was $53,761 in 2021, which marked an a decrease of 1,322(2.40%) from $55,083 in 2020. This income is 72.06% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Silver Lake sees its highest median household income among householders in the age group of 25 to 44 years old, at $84,671. Overall, the median household income for the town of Silver Lake stands at $53,761.
In Silver Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $36,030 for males and $21,560 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,357 for males and $38,893 for females.
In Silver Lake, population is primarily represented by White households, reporting a median income of $53,903.
In 2022, the population of Silver Lake was 875, a 0.46% increase year-by-year from 2021. Previously, in 2021, Silver Lake's population was 871, a decline of 0.11% compared to a population of 872 in 2020.
The median age in Silver Lake, IN is 45.7, as per 2021 ACS 5-Year Estimates. Of the total population, 19.19% were under the age of 15, 13.80% aged 15 to 29, 48.13% aged 30 to 64, 14.00% aged 65 to 84, and 4.88% were 85 years of age and older.
Racial distribution of Silver Lake population: 97.41% are White, 0.10% are Black or African American, 0.21% are Asian and 2.28% are multiracial.