Silver Lake, IN population, income and ZIP codes

Silver Lake town is a very small community in Indiana, with 961 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #367 of 976 ranked by population — larger than 62% of them. The median age here is 46.3 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Silver Lake town earn a median of $53,542 a year, 31.8% below the national figure of $78,538 and 13% below the $61,527 median for the 355 Indiana cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 15.1% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Silver Lake town is valued at $107,300, 64.6% below the national figure and 26% below the $145,600 peer median, while median gross rent runs $1,057 a month, 24.8% below the national figure, or roughly $12,684 across a full year. A household on the local median income would put about 23.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 78% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

With 961 residents, a handful of survey responses moves every median on this page. Compare Silver Lake town against its county rather than against national figures.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.