Moving to Silver Lake
Essex County loses about 10.6 residents per 1,000 a year to moves between counties.
Where people come from and where they go, top counties
Within New Jersey, other states or abroad
Income per tax return
People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Essex County; flows under 20 returns are not published.
- Who moves here
- 5.3% of residents arrived from another county in the past year, 1.7% from another state. County figure.
- Who arrives and who leaves
- Households moving into Essex County report $96,600 a year in income on average; those leaving, $92,400.
- Income you would need
- $57,900 a year to rent the median home at the 30% line. From your city
- Rent or buy
- Median rent is $1,448 a month; owners with a mortgage pay $3,112 a month including taxes and insurance, on a median home of $448,300.
- Getting to work
- 39 minutes each way on average; 16.1% work from home; 9.8% take transit.
- If it is close but not quite
- Norridge, IL matches it on character. Compare the two
All 5 moving measures
| Measure | Silver Lake | Among 6,645 places | Vs median |
|---|---|---|---|
| Moved here in the past year1County figure | 5.3% | 7% below | |
| Moved from another state1County figure | 1.7% | 16% below | |
| Net movers per 1,000 people7County figure | -10.6 | below (median -0.6) | |
| Income of households moving in7County figure | $96,557 | 37% above | |
| Income of households moving out7County figure | $92,357 | 31% above |
What it costs to live here
Renters paying 30%+ is 31.0%, 39% below the median place.
Could you afford it?
Uses the median rent in Silver Lake, $1,448 a month, and local prices for everything else (105.2 against a US average of 100). It runs in your browser and stores nothing.
Like Silver Lake, but easier on the budget
Close matches on income, rent, home value, education and age, where rent takes a clearly smaller share of income.
| Place | Rent to income | More left a year | |
|---|---|---|---|
| Green Hill, TN | 16.9% vs 21.1% | $18,700 | Compare |
| Birch Bay, WA | 16.9% vs 21.1% | $9,300 | Compare |
| Hawaiian Paradise Park, HI | 17.8% vs 21.1% | n/a | Compare |
Moving from somewhere else? Work out the salary you would need in Silver Lake.
All 16 cost and housing measures
| Measure | Silver Lake | Among 6,645 places | Vs median |
|---|---|---|---|
| Median gross rent1 | $1,448 | 6% above | |
| Rent to income1 | 21.1% | 3% above | |
| Property tax rate1 | 2.1% | 134% above | |
| Home price to income1 | 5.4x | 43% above | |
| Prices vs US average2Metro figure | 112.6 | 12% above | |
| Fair market rent, 2 bedrooms3County figure | $2,233 | 38% above | |
| HUD area median income4County figure | $138,400 | 29% above | |
| Property tax paid (median)1 | $9,558 | 193% above | |
| Median home value1 | $448,300 | 40% above | |
| Home prices, 1-year change5County figure | 5.8% | 82% above | |
| Home prices, 5-year change5County figure | 58.2% | 13% above | |
| Homeownership1 | 40.5% | 39% below | |
| Renters paying 30%+1 | 31.0% | 39% below | |
| Owner costs with a mortgage1 | $3,112 | 66% above | |
| Vacant homes1County figure | 5.1% | 28% below | |
| Median year built1 | 1948 | 2% below |
Work and pay
Mean commute is 39 min, 55% above the median place.
All 10 work and pay measures
| Measure | Silver Lake | Among 6,645 places | Vs median |
|---|---|---|---|
| Median household income1 | $82,469 | 3% above | |
| Income per person1 | $37,033 | 8% below | |
| Unemployment1County figure | 8.7% | 78% above | |
| Average annual pay6County figure | $91,238 | 38% above | |
| Pay growth, 1 year6County figure | 3.2% | 14% below | |
| Jobs6County figure | 353,038 | 134% above | |
| Poverty rate1 | 15.1% | 41% above | |
| Mean commute1 | 39 min | 55% above | |
| Works from home1County figure | 16.1% | 29% above | |
| Commutes by transit1 | 9.8% | above (median 0.8%) |
Who lives here
Born abroad is 49.8%, above the median place (median 8.8%).
More about who lives here, against the typical place
All 8 people measures
| Measure | Silver Lake | Among 6,645 places | Vs median |
|---|---|---|---|
| Population1 | 3,917 | 6646th largest | |
| Median age1 | 47.3 | 21% above | |
| Bachelor's or higher1 | 30.1% | 6% below | |
| High school or higher1 | 87.7% | 5% below | |
| Household size1 | 2.6 | 2% above | |
| Born abroad1 | 49.8% | above (median 8.8%) | |
| No health insurance1County figure | 11.9% | 86% above | |
| Homes with broadband1 | 88.2% | 4% below |
Life in Silver Lake
182 sites are on the National Register of Historic Places, 2 of them National Historic Landmarks.
Out the door, against the typical place
Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.
Businesses per 10,000 residents (county figures)
Counts businesses with paid staff, so small owner-run shops are not included.
All 16 schools and local life measures
| Measure | Silver Lake | Among 6,645 places | Vs median |
|---|---|---|---|
| Public schools11County figure | 244 | above (median 9) | |
| Public school students11County figure | 144,268 | above (median 4,897) | |
| Students per teacher11County figure | 13.8 | 10% below | |
| Restaurants and bars per 10k8County figure | 20.5 | 1% below | |
| Shops per 10k8County figure | 29.5 | 3% below | |
| Arts, recreation and fitness per 10k8County figure | 4.1 | 0% above | |
| Doctors' offices and clinics per 10k8County figure | 22.5 | 11% above | |
| Child care centers per 10k8County figure | 3.1 | 35% above | |
| Parks per 10k9 | 0.0 | below (median 10.2) | |
| Playgrounds per 10k9 | 0.0 | below (median 9.4) | |
| Grocery stores per 10k9 | 7.7 | 261% above | |
| Restaurants, cafes and bars per 10k9 | 51.1 | 358% above | |
| Libraries per 10k9 | 0.0 | below (median 0.9) | |
| Named paths and bike trails9 | 0.1 | 95% below | |
| Transit stops per sq mi9 | 52.1 | above (median 0.2) | |
| National Register listings10County figure | 182 | above (median 13) |
Safety, weather and risk
Wildfire risk is 10.6, 83% below the median place.
No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Silver Lake. Larger places are fetched first.
All 11 weather and risk measures
| Measure | Silver Lake | Among 6,645 places | Vs median |
|---|---|---|---|
| July average high12County figure | 86°F | 1% below | |
| January average low12County figure | 23°F | 9% below | |
| Average temperature12County figure | 54°F | 3% below | |
| Annual precipitation12County figure | 48.6 in | 11% above | |
| Natural hazard risk13County figure | 97.7 | 6% above | |
| Hurricane risk13County figure | 91.8 | 30% above | |
| Tornado risk13County figure | 94.9 | 17% above | |
| Wildfire risk13County figure | 10.6 | 83% below | |
| Heat wave risk13County figure | 99.0 | 10% above | |
| Median air quality index14Metro figure | 53 | 23% above | |
| Good air days14Metro figure | 42.2% | 38% below |
How it is changing
Five-year survey estimates, one point per release.
Median gross rent
Median household income
Median home value
Citytistics measures
Measures only Citytistics publishes, built from the figures on this page. Scores of 100 beat every place we track. Formulas
Silver Lake in 2030: where the trends point
If recent trends hold, the median rent will take about 20% of the median income in 2030, down from 21% now.
Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.
| Measure | Latest | 2030 projection | Likely range | Avg. per year |
|---|---|---|---|---|
| Median rent | $1,448/mo (2024) | $1,850/mo | $1,510 to $2,250/mo | +4.1% |
| Median household income | $82,469 (2024) | $109,500 | $92,500 to $129,500 | +4.8% |
| Median home value | $448,300 (2024) | $648,000 | $470,000 to $893,000 | +6.3% |
The median home would be worth 5.9 years of the median income in 2030, against 5.4 now.
A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.
Places like Silver Lake
The closest matches on income, rent, home value, education and age, and the places nearby.
| Place | Rent | Income | |
|---|---|---|---|
| Norridge, IL | $1,433 | $87,807 | Compare |
| Gardnerville Ranchos, NV | $1,533 | $87,785 | Compare |
| Waterford, WI | $1,374 | $82,404 | Compare |
| Santa Clara, OR | $1,706 | $88,344 | Compare |
Nearby
- Ampere North, NJ1 mi
- Watsessing, NJ1 mi
- East Orange, NJ2 mi
- Glen Ridge, NJ2 mi
- North Arlington, NJ3 mi
- Harrison, NJ3 mi
Compare Silver Lake with
Common questions
Is Silver Lake a good place to live?
It depends on what you need, so here is what the numbers say. Between the 2019 and 2024 surveys, household income rose 11.3% a year while rent rose 3.3%, so pay gained on rent more than in 95% of the 2,476 places under 10,000 people we track. 50% of residents were born outside the US, more than in 99% of places its size. On cost, space and class size it scores 13 out of 100 for families. See how it ranks with your own weights.
Is Silver Lake expensive to live in?
The median rent takes 21.1% of the median household income, against 20.4% in the typical place we track. Housing is a heavier load here than usual. The median home is valued at $448,300.
What salary do you need to live in Silver Lake?
To rent the median home without spending more than 30% of income on rent, a household needs about $57,920 a year. Work it out from your current city.
What places are similar to Silver Lake?
On income, rent, home value, education and age, the closest matches are Norridge, IL, Gardnerville Ranchos, NV, Waterford, WI and Santa Clara, OR.
Sources and methods
The small numbers beside each measure point here. Every dataset is public; links go to the publisher.
- American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
- Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
- Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
- Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
- House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
- Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
- SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
- County Business Patterns · US Census Bureau · 2023 data
- OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
- National Register of Historic Places · National Park Service · Listings through 2026-05-22
- Common Core of Data · National Center for Education Statistics · 2024 release
- 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
- National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
- Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files
Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).
What stands out compares Silver Lake with places of a similar size, using only figures measured for Silver Lake itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/silver-lake-essex-county-new-jersey
Citytistics. “Silver Lake, New Jersey.” Data as of 2026-11-14. https://www.citytistics.com/city/silver-lake-essex-county-new-jersey/
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.