Silver Lake, IN Profile: Facts & Data

The Town of Silver Lake had a population of 935 as of July 1, 2024. Silver Lake ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Silver Lake is located at latitude 41.0723 and longitude -85.8917 in Kosciusko County. The formal boundaries for the Town of Silver Lake encompass a land area of 0.54 sq. miles and a water area of 0 sq. miles. Kosciusko County is in the Eastern time zone (GMT -5).

The Town of Silver Lake has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Silver Lake, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	935 (100%)
Population in Households	924 (98.8%)
Population in Families	683 (73.0%)
Population in Group Quarters¹	11 ( 1.2%)
Population Density	1,724
Diversity Index²	17


INCOME
Median Household Income	$58,075
Average Household Income	$71,974
% of Income for Mortgage⁴	27%
Per Capita Income	$29,579
Wealth Index⁵	53
Socioeconomic Status Index⁶	Moderate (50.7)

HOUSING
Total HU (Housing Units)	492 (100%)
Owner Occupied HU	322 (65.4%)
Renter Occupied HU	62 (12.6%)
Vacant Housing Units	108 (22.0%)
Median Home Value	$254,494
Average Home Value	$231,056
Housing Affordability Index³	93

HOUSEHOLDS
Total Households	384
Average Household Size	2.41
Family Households	246
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Silver Lake, IN - Peer Comparisons by Rank and Percentile

The table below compares Silver Lake to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.57%	0.51%
Households	1.86%	1.07%
Families		1.42%
Median Household Income		2.06%
Per Capita Income		3.71%
Owner Occupied HU		1.27%

Variable Description	Rank	Percentile
Total Population	# 352	64th
Population Density	# 167	83rd
Median Household Income	# 728	26th
Housing Affordability Index	# 282	29th
Per Capita Income	# 756	23rd
Diversity Index	# 496	49th

Silver Lake, IN Profile: Facts & Data

Silver Lake, Indiana - Basic Facts

Silver Lake, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Silver Lake, IN - Peer Comparisons by Rank and Percentile

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Kosciusko County