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Silver Lake Apartment Features
Living In Silver Lake, IN
Silver Lake, a small town in Indiana, has a population of slightly less than 1,000. At an average age of just under 37, the town's residents skew younger than most cities in Indiana. Renters tend to be in the minority in the town, and 80% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $711/month. Over the course of a year, renters in Silver Lake will save around $1,400 compared to the state average.
Averaging about 29 minutes, Silver Lake's commute time is slower than the state average of about 24 minutes. Many residents (52%) drive themselves to work, while public transportation isn't used much. Few residents walk to work.
Compared to the national average, Silver Lake has a high percentage of residents older than 25 who have earned a high school degree or GED (27%). Further, 10% possess a Bachelor's, Master's, Professional, or Doctoral degree. There are two primary industries in Silver Lake: manufacturing and retail. Combined, these industries account for 31% of the workforce in the town. Meanwhile, in terms of job function, many workers in these industries are in transportation, which ranks as the top profession in the town. With an average annual income of about $60K, Silver Lake workers bring in roughly the same as their peers elsewhere in Indiana. However, Silver Lake compares less favorably to the national average ($73,345).
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