Silver Lake 64 Good
Silver Lake Livability #486 ranked city in Wisconsin#12,886 ranked city in the USARanks better than 56% of areas

Pros and Cons of Living in Silver Lake

PROS
  • Crime

    This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.

  • Housing

    Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.

CONS
  • Amenities

    The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.

  • Commute

    Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.

  • Health & Safety

    Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.

New Real Estate Listings in Silver Lake Area
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What's it like Living in Silver Lake?

Silver Lake, Wisconsin is a small-sized city with a population of 2,506 people. If we look at the most recent Census, Silver Lake is known to have a predominantly White population. The next two most common races are Asian and Black. Something to be aware of when living in Silver Lake are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 33 minutes, this comes in much higher than the national average of 26 minutes.

If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a fulfilling experience if you are willing to get to know the area before actually living in Silver Lake, Wisconsin. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. To help you find the best places to live in and around Silver Lake, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living and more.

With a livability score of 63 out of 100, Silver Lake is ranked #12,985 in the United States and #479 in Wisconsin. If we probe a little deeper into each category within the livability score, we see that Silver Lake has higher than average scores for the following: crime (A+), cost of living (A-) and housing (B). On a more negative note, Silver Lake does not have favorable grades for the following: amenities (F). If we take a look at the data, we can find out why.

A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Silver Lake has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.

Silver Lake real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Silver Lake. Median real estate prices in Silver Lake come in at $196,900, which is 17.9% higher than the Wisconsin average. The home price to income ratio compares the median home prices to the median household income. In Silver Lake, the home price to income ratio is 3.2, which is 3.2% higher than the Wisconsin average.

Best Places to Live in and Around Silver Lake

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How Do You Rate The Livability In Silver Lake?

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Compare Silver Lake, WI Livability

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      Silver Lake transportation information

      Statistic Silver Lake Wisconsin National
      Average one way commute33min22min26min
      Workers who drive to work90.1%80.7%76.4%
      Workers who carpool4.8%8.3%9.3%
      Workers who take public transit0.0%1.9%5.1%
      Workers who bicycle0.4%0.8%0.6%
      Workers who walk0.0%3.3%2.8%
      Working from home4.6%4.2%4.6%
      Source: The Silver Lake, WI data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).