Silver Lake is the common name for the community and surrounding area while the formal official name is the Town of Silver Lake.
The formal boundaries for the Town of Silver Lake (see map) encompass a land area of 0.54 sq. miles and a water area of 0 sq. miles.
Alternate Unofficial Names for Silver Lake: Silver Lake Junction, Silver Lakeville, Silverlake, Silverlake Junction.Photos of the local Silver Lake, IN area
|Population in Households||893|
|Population in Familes||740|
|Population in Group Qrtrs||10|
|Average Household Size||2.45|
|Average Family Size||3|
|Total Housing Units||478 (100%)|
|Owner Occupied HU||301 (63.0%)|
|Renter Occupied HU||64 (13.4%)|
|Vacant Housing Units||113 (23.6%)|
|Median Home Value||$74,161|
|Average Home Value||$85,099|
|Median Household Income||$50,068|
|Average Household Income||$55,344|
|Per Capita Income||$21,422|
|(Compound Annual Growth Rates)|
|Median Household Income||1.95%|
|Per Capita Income||2.19%|
The table below compares Silver Lake to the other 681 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2014 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 358||48th|
|Population Density1||# 213||69th|
|Diversity Index2||# 190||72nd|
|Median Household Income||# 288||58th|
|Per Capita Income||# 406||41st|
Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.