Silver Lake is a smaller city located in the state of Wisconsin. The city has a population of 2,599 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (92% White). Given that fact, Silver Lake could be considered less diverse than 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 33 minutes.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Silver Lake could be a positive experience compared to other cities in Wisconsin if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Silver Lake and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Wisconsin and national averages.
With a livability score of 64 out of 100, Silver Lake is ranked #12,886 in the United States and #486 in Wisconsin. If we probe a little deeper into each category within the livability score, we see that Silver Lake has higher than average grades for the following: crime (A+), cost of living (B), education (B-) and housing (A+). 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.
Finding affordable real estate and housing in Silver Lake can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Silver Lake is actually affordable. Median real estate prices in Silver Lake come in at $346,585, which is 15.1% 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 3.8, which is 2.7% higher than the Wisconsin average.
| Statistic | Silver Lake | Wisconsin | National |
| Average one way commute | 33min | 22min | 26min |
| Workers who drive to work | 90.1% | 80.7% | 76.4% |
| Workers who carpool | 4.8% | 8.3% | 9.3% |
| Workers who take public transit | 0.0% | 1.9% | 5.1% |
| Workers who bicycle | 0.4% | 0.8% | 0.6% |
| Workers who walk | 0.0% | 3.3% | 2.8% |
| Working from home | 4.6% | 4.2% | 4.6% |
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