Silver Lake town, Indiana Demographics & Population 2026

Population Overview

Silver Lake town is a small community located in Indiana. The total population is 961. It ranks as the 367th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Silver Lake town is 46.3 years. This is 22% higher than the state median of 38.0 years. 10.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Silver Lake town is $53,542. This is 24% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 32% lower. The poverty rate stands at 15.1%. This is 24% higher than the state poverty rate of 12.2%. The unemployment rate is 7.9%. This is 84% higher than the state rate of 4.3%. The median home value is $107,300. Housing costs are 47% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.0x, Silver Lake town is one of the most affordable housing markets in the area. 78.0% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 70.3%.

Race & Ethnicity

Silver Lake town has a predominantly White (non-Hispanic) population, comprising 96.0% of all residents. Hispanic or Latino residents account for 2.2%. The Black or African American population (0.1%) is well below the state average of 9.1%. The Hispanic or Latino population (2.2%) is well below the state average of 8.4%.

Education

7.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 75% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.3%.

Data Sources & Methodology

All demographic data for Silver Lake town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.