Silver Lake (Essex County), New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Silver Lake (Essex County), New Jersey had a total population of 3,917, the 343rd largest community in New Jersey, with a median household income of $82,469, which is 20% lower than the state average. The poverty rate is 15.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 1.4%.
Silver Lake (Essex County) Quick Facts
How Silver Lake (Essex County) Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 4,034 | 3,917 | -2.9% |
| Median household income | $86,615 | $82,469 | -4.8% |
| Median home value | $483,700 | $448,300 | -7.3% |
How Silver Lake (Essex County) Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Silver Lake (Essex County) Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Essex County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Newark | 310,178 | $52,060 | 23.4% | $373,700 |
| East Orange | 70,090 | $60,830 | 16.4% | $365,900 |
| Short Hills | 14,923 | $250,000+ | 2.3% | $1,674,100 |
| Upper Montclair | 12,457 | $250,000+ | 1.9% | $989,000 |
| Brookdale | 9,960 | $161,779 | 3.8% | $573,500 |
| Caldwell | 9,003 | $96,824 | 8.0% | $575,400 |
| Watsessing | 8,232 | $103,378 | 7.5% | $435,400 |
| Glen Ridge | 7,943 | $250,000+ | 1.1% | $836,600 |
| North Caldwell | 6,656 | $208,245 | 1.7% | $904,500 |
| Roseland | 6,268 | $164,458 | 2.5% | $665,700 |
Cities Similar to Silver Lake (Essex County)
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Oaklyn | 3,947 | $84,394 | $279,000 | 42.2% | 8.9% |
| Merchantville | 3,905 | $90,706 | $331,000 | 34.3% | 16.7% |
| The College of New Jersey | 3,658 | N/A | N/A | 82.2% | 87.2% |
| North Cape May | 3,731 | $86,962 | $393,300 | 31.5% | 6.1% |
| Netcong | 3,659 | $83,958 | $346,100 | 37.3% | 7.7% |
Population Overview
Silver Lake (Essex County) is a small community located in New Jersey, within Essex County. The total population is 3,917. It ranks as the 343rd most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Silver Lake (Essex County) is 47.3 years. This is 18% higher than the state median of 40.1 years. Only 12.9% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Silver Lake (Essex County) is $82,469. This is 20% lower than the state median of $103,556. It is also 2% higher than the national median of $80,734. The poverty rate stands at 15.1%. This is 56% higher than the state poverty rate of 9.7%. The unemployment rate is 1.4%. This is 77% lower than the state rate of 6.3%. The median home value is $448,300. Housing costs are 1% lower than the state median of $454,400. The home-value-to-income ratio is 5.4x. 40.6% of occupied housing units are owner-occupied. This homeownership rate is 36% lower than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Silver Lake (Essex County) is Hispanic or Latino, making up 51.2% of the population. White (non-Hispanic) residents account for 26.6%. The Hispanic or Latino population is significantly higher than the state average (51.2% vs 22.5%).
Education
30.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 31% lower than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.7%.
Data Sources & Methodology
All demographic data for Silver Lake (Essex County), New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Silver Lake (Essex County), New Jersey?
Silver Lake (Essex County), New Jersey has a population of 3,917 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Silver Lake (Essex County), NJ?
The median household income in Silver Lake (Essex County) is $82,469, which is 2% higher than the national median of $80,734.
What is the poverty rate in Silver Lake (Essex County), NJ?
The poverty rate in Silver Lake (Essex County) is 15.1%. This means approximately 592 residents live below the federal poverty line.
What is the racial makeup of Silver Lake (Essex County), New Jersey?
Silver Lake (Essex County)'s population is 26.6% White, 6.6% Black, 51.2% Hispanic/Latino, and 9.1% Asian.
What is the median home value in Silver Lake (Essex County), NJ?
The median home value in Silver Lake (Essex County) is $448,300. The home-value-to-income ratio is 5.4x.
How educated is Silver Lake (Essex County), New Jersey?
30.1% of adults (25+) in Silver Lake (Essex County) hold a bachelor's degree or higher, and 13.3% hold a graduate or professional degree.