Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
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.
Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
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.
Schools
The high score in the schools category can be attributed to outstanding test scores, elevated graduation rates and the convenient placement of elementary and high schools in this area.
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.
Located in the state of Ohio, Silver Lake is a smaller city with a population of 2,566 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (96% White). Given that fact, Silver Lake could be considered less diverse than other cities. The Silver Lake population appears to be aging at a faster rate than normal. The median age is currently 54, which is on the high side when compared to most other cities. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Silver Lake entails a longer-than-average one-way commute time, averaging 30 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Silver Lake, Ohio could be a good experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Silver Lake and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes cost of living, commute, education, employment and other important metrics.
Silver Lake has a livability score of 83 out of 100 and is ranked #57 in Ohio and #863 in the USA. Compared to the national average, Silver Lake ranks among some of the best places to live in the country! Another exciting tidbit, is that Silver Lake ranks better than 90% of all US cities! For each of the livability categories, we see that Silver Lake ranks very well for crime (A+), cost of living (B+) and education (A+). Unfortunately for Silver Lake, there are some categories for which it does not rank well, this includes: amenities (F).
Test scores serve as a vital gauge of a school's academic prowess and the proficiency of its students. They play a pivotal role in assessing whether local schools can deliver a robust educational foundation for children. In Silver Lake, the schools boast an impressive average test score of 82%, significantly higher than the national average. This outstanding academic achievement not only reflects the excellence of the local educational system, but also indicates the potential for students to thrive academically, making it an attractive destination for families seeking a high-quality education for their children.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Silver Lake excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Silver Lake meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Silver Lake. Everything else becomes a lot less important if it turns out that home prices in Silver Lake are simply unattainable. The median home price for Silver Lake homes is $421,697, which is 79.6% higher than the Ohio average. If we take a closer look at the affordability of homes in Silver Lake, we’ll see that the home price to income ratio is 2.4, which is 22.6% lower than the Ohio average.
| Statistic | Silver Lake | Ohio | National |
| Average one way commute | 30min | 23min | 26min |
| Workers who drive to work | 82.3% | 83.4% | 76.4% |
| Workers who carpool | 5.9% | 7.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.7% | 5.1% |
| Workers who bicycle | 0.4% | 0.3% | 0.6% |
| Workers who walk | 1.0% | 2.3% | 2.8% |
| Working from home | 10.4% | 3.7% | 4.6% |
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