New Jersey · Census place 67590
Silver Lake CDP (Essex County), NJ
Quick answer
Silver Lake CDP (Essex County) has 4,034 residents, ranking #338 of 700 places in New Jersey. Median household income is $86,615, the median home is worth $483,700 and median gross rent runs $1,501 a month.
- Population
- 4,034Silver Lake CDP (Essex County) residents
- Median household income
- $86,615Past 12 months, inflation adjusted
- Median home value
- $483,700Owner-occupied units
- Median gross rent
- $1,501Rent plus utilities, monthly
- Median age
- 41.2 yrsAll residents
- Homeownership rate
- 60.8%Owner-occupied households
What the numbers mean in Silver Lake CDP (Essex County)
Housing cost measured against local earnings.
A household earning the Silver Lake CDP (Essex County) median would spend about 20.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.4% of residents and 60.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- The College of New Jersey CDP 4,103
- Riverdale borough 4,084
- Leisure Village West CDP 4,070
- Bordentown city 4,006
- Singac CDP 3,987
- Fairview CDP 3,950
- Lawrenceville CDP 3,947
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