The Vitals: Silver Lake, New Jersey

The typical family unit size in Silver Lake, NJ is 3.98 household members, with 32.3% owning their own domiciles. The mean home valuation is $300985. For those paying rent, they pay an average of $1231 monthly. 46.3% of households have 2 incomes, and a typical household income of $48393. Average income is $24620. 20.5% of citizens exist at or below the poverty line, and 5.6% are handicapped. 1.5% of residents of the town are former members for the armed forces.

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Silver Lake, NJ is located in Essex county, and includes a population of 4197, and is part of the greater New York-Newark, NY-NJ-CT-PA metro area. The median age is 35.5, with 14.8% of the residents under 10 years old, 11% are between 10-nineteen years old, 11.8% of town residents in their 20’s, 18.2% in their 30's, 8.5% in their 40’s, 14.1% in their 50’s, 12.4% in their 60’s, 7.7% in their 70’s, and 1.4% age 80 or older. 51.6% of town residents are male, 48.4% female. 41.2% of inhabitants are reported as married married, with 11% divorced and 42.2% never married. The percentage of men or women recognized as widowed is 5.7%.

The labor force participation rate in Silver Lake is 57.7%, with an unemployment rate of 9.8%. For the people located in the labor force, the common commute time is 30.3 minutes. 8% of Silver Lake’s residents have a grad diploma, and 15% posses a bachelors degree. For all those without a college degree, 26.6% have some college, 34.7% have a high school diploma, and just 15.8% have an education significantly less than senior school. 12.8% are not covered by medical health insurance.