Living in Silver Lake, North Carolina
Cost of living, income, home prices, rent and demographics of Silver Lake · Census data 2020–2024
Silver Lake has 6,563 residents with a median age of 42.9. The median household income is $76,756 (6% higher than the North Carolina median), the median home value is $325,500, the median rent is $1,416/month.
Silver Lake at a glance
- Population
- 6,563
- Median age
- 42.9State: 39.1
- Median household income
- $76,756State: $72,388
- Median home value
- $325,500State: $288,900
- Median rent
- $1,416/moState: $1,228
- Homeowners
- 82.2%
- Bachelor's degree or higher
- 32.2%
- Average commute
- 24 min
Is Silver Lake a good place to live?
Pros: Median household income 6% higher than the North Carolina median; an average commute of 24 minutes; a poverty rate of 9.7%.
Cons: Home values 13% higher than the state median; unemployment of 5.3%.
The weather is best in April–May and September–October.
Cost of living in Silver Lake
Housing is the biggest part of the cost of living. In Silver Lake the median home value is $325,500, about the same as the U.S. median. Renters pay a median of $1,416 per month, which is 37.3% of household income. Homeowners with a mortgage pay $1,458 a month in housing costs.
Silver Lake median household income
The median household income in Silver Lake is $76,756 and the income per person is $39,256. 9.7% of residents live below the poverty line (North Carolina: 13%).
Housing in Silver Lake: homes for sale and rent
- Housing units
- 2,818
- Owner-occupied
- 82.2%
- Renter-occupied
- 17.8%
- Vacant
- 2.8%Includes seasonal homes
- Median year built
- 1996
- Average household size
- 2.40
Silver Lake demographics
- Population
- 6,563
- Median age
- 42.9
- Under 18
- 20.6%
- 65 and older
- 21.3%
- Households
- 2,740
- Foreign-born
- 7.5%
- Veterans
- 8.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Lake ›
Education in Silver Lake
32.2% of adults 25 and older in Silver Lake have a bachelor's degree or higher (North Carolina: 35.7%), and 14.5% have a graduate or professional degree.
Jobs and commute in Silver Lake
- Unemployment rate
- 5.3%State: 4.7%
- Average commute
- 24 minState: 25 min
- Work from home
- 9%
- Drive alone
- 79.3%
- Public transit
- 1%
- Walk to work
- 0.1%
- Homes with broadband
- 93.1%
Silver Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Lake | 6,563 | $76,756 | $325,500 | $1,416 |
| Myrtle Grove | 12,637 | $113,463 | $439,100 | $1,463 |
| Wilmington | 120,805 | $66,738 | $383,800 | $1,395 |
| Sea Breeze | 1,849 | $69,942 | $405,100 | — |
| Carolina Beach | 6,745 | $94,398 | $566,200 | $1,513 |
| Belville | 2,573 | $81,944 | $282,600 | $1,798 |
| Wrightsville Beach | 2,665 | $151,563 | $1,168,700 | $2,336 |
| Hightsville | 397 | $31,402 | $228,000 | — |
| Kings Grant | 9,003 | $62,232 | $300,700 | $1,292 |
More for people moving to Silver Lake
Silver Lake ZIP code ›Weather and climate ›Living in Silver Lake: FAQ
What is the median household income in Silver Lake, NC?
The median household income in Silver Lake is $76,756, 6% higher than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Silver Lake?
The median home value in Silver Lake is $325,500, compared with $288,900 in North Carolina.
How much is rent in Silver Lake?
The median gross rent in Silver Lake is $1,416 per month, about 37.3% of household income.
Is Silver Lake, NC a good place to live?
Pluses: median household income 6% higher than the North Carolina median; an average commute of 24 minutes; a poverty rate of 9.7%. Minuses: home values 13% higher than the state median; unemployment of 5.3%.
What is the median age in Silver Lake?
The median age in Silver Lake is 42.9 years (North Carolina: 39.1).
How long is the commute in Silver Lake?
The average commute to work in Silver Lake is 24 minutes; 9% of workers work from home.
What is the unemployment rate in Silver Lake?
The unemployment rate in Silver Lake is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver Lake?
32.2% of adults in Silver Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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