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Silver Lake CDP (Essex County), New Jersey Demographics & Population 2026

As of 2026, Silver Lake CDP (Essex County), New Jersey has a total population of 4,034, the 338th largest city in New Jersey, with a median household income of $86,615, which is 14% lower than the state average. The poverty rate is 10.4%.

Silver Lake CDP (Essex County) Quick Facts

Population 4,034
Median Household Income $86,615
Median Home Value $483,700
Poverty Rate 10.4%
Unemployment Rate 2.8%
Median Age 41.2 years
Homeownership Rate 60.8%
Affordability Ratio 5.6x
Bachelor's Degree or Higher 26.3%
High School Graduation Rate 90.9%
Diversity Index 62/100
Population 4,034 338th of 700
Median Income $86,615 bottom 30%
Poverty Rate 10.4% 16% lower national
Median Home Value $483,700 above average

How Silver Lake CDP (Essex County) Compares

Economy & Housing

Employment

2.8% Unemployment Rate State: 6.2% | National: 5.2%
56.6% Labor Force Participation

Housing Overview

Owner 60.8%
Renter 39.2%
Affordability Index Expensive
5.6x home value to income ratio

People & Demographics

Diversity Index

62out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 65 | National average: 60

Education

Silver Lake CDP (Essex County) Rankings in New Jersey

#338 Population of 700
#473 Median Income of 700
#528 Education of 700
#230 Home Value of 700

Cities Similar to Silver Lake CDP (Essex County)

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Bordentown city4,006$91,208$322,30045.9%5.8%
Oaklyn borough3,934$81,514$245,00042.4%7.0%
Riverdale borough4,084$96,667$384,50047.7%10.1%
White House Station CDP3,758$85,000$426,20054.6%3.8%
Merchantville borough3,815$91,607$316,30037.0%16.7%

Population Overview

Silver Lake CDP (Essex County) is a small community located in New Jersey. The total population is 4,034. It ranks as the 338th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Silver Lake CDP (Essex County) is 41.2 years. This is 3% higher than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Silver Lake CDP (Essex County) is $86,615. This is 14% lower than the state median of $101,050. Compared to the national median of $78,538, household income here is 10% higher. The poverty rate stands at 10.4%. This is 7% higher than the state poverty rate of 9.8%. The unemployment rate is 2.8%. This is 54% lower than the state rate of 6.2%. The median home value is $483,700. Housing costs are 13% higher than the state median of $427,600. The home-value-to-income ratio is 5.6x. 60.8% of occupied housing units are owner-occupied. This homeownership rate is 5% lower than the state average of 63.7%.

Race & Ethnicity

The largest racial or ethnic group in Silver Lake CDP (Essex County) is Hispanic or Latino, making up 55.8% of the population. White (non-Hispanic) residents account for 22.9%. The White (non-Hispanic) population (22.9%) is well below the state average of 51.9%. The Black or African American population (4.1%) is well below the state average of 12.3%. The Hispanic or Latino population is significantly higher than the state average (55.8% vs 21.9%).

Education

26.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 39% lower than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.9%.

Data Sources & Methodology

All demographic data for Silver Lake CDP (Essex County), New Jersey 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 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. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Silver Lake CDP (Essex County), New Jersey?

Silver Lake CDP (Essex County), New Jersey has a population of 4,034 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Silver Lake CDP (Essex County), NJ?

The median household income in Silver Lake CDP (Essex County) is $86,615, which is 10% higher the national median of $78,538.

What is the poverty rate in Silver Lake CDP (Essex County), NJ?

The poverty rate in Silver Lake CDP (Essex County) is 10.4%. This means approximately 419 residents live below the federal poverty line.

What is the racial makeup of Silver Lake CDP (Essex County), New Jersey?

Silver Lake CDP (Essex County)'s population is 22.9% White, 4.1% Black, 55.8% Hispanic/Latino, and 11.1% Asian.

What is the median home value in Silver Lake CDP (Essex County), NJ?

The median home value in Silver Lake CDP (Essex County) is $483,700. The home-value-to-income ratio is 5.6x.

How educated is Silver Lake CDP (Essex County), New Jersey?

26.3% of adults (25+) in Silver Lake CDP (Essex County) hold a bachelor's degree or higher, and 10.4% hold a graduate or professional degree.