Silver Lake is a small town of 963 in Indiana, with a median household income of $48,971
and a 7.7% unemployment rate.
Its cost of living index is 93 (US average = 100), which is
7% below the national average.
Strengths:
Silver Lake stands out for an affordable cost of living, below-average home prices.
Trade-offs:
Potential downsides include longer commutes, an elevated unemployment rate. Whether Silver Lake is right for you depends on your priorities — the full breakdown is below.
All Silver Lake city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 92.8
Silver Lake's overall cost of living index is 92.8,
where 100 represents the US national average.
Living in Silver Lake costs roughly 7% less than the average American city.
Metric
Silver Lake, IN
National Avg
Median Home Value
$103,500
$244,900
Median Monthly Rent
$975
$1,163
Homeownership Rate
76.5%
65.9%
Median Household Income
$48,971
$74,755
Crime & Safety
Very Safe
Silver Lake's violent crime rate is 206.4 per 100,000 residents
— 46% lower than the national average of ~380 per 100,000.
Violent Crime
206.4 /100k
Property Crime
865.9 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Silver Lake, IN
National Avg
School District
N/A
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
N/A
—
Student/Teacher Ratio
N/A
16:1
Bachelor's Degree or Higher
6.0%
35.4%
High School Diploma or Higher
82.6%
91.1%
Weather & Climate
Silver Lake sees average highs of 32.6°F in January
and 83.3°F in July,
with 39.3 inches of annual precipitation
and 31.9 inches of snow per year.
Silver Lake's cost of living index is 93, where 100 is the national average.
That makes Silver Lake roughly 7% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $103,500 and median rent is $975/month.
Silver Lake's violent crime rate is 206.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 865.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Silver Lake, IN has a population of 963, a median household income of $48,971, and an unemployment rate of 7.7%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Silver Lake averages 32.6°F in January and 83.3°F in July. Annual rainfall is 39.3 inches
with about 31.9 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Silver Lake, IN is covered by 1 ZIP code: 46982.
The population of Silver Lake, Indiana is 963 with a median age of 45.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Silver Lake: cost of living index 93 (100 = US average), median home $103,500, median household income $48,971, crime index 49 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Silver Lake side by side with your current city to see the trade-offs.
