Silver Lakes, California is a smaller city with a population of 6,248 residents. At 66%, the majority of the Silver Lakes population is White; this is followed by 9% Black and 5% Asian. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Silver Lakes offers up a higher than average one way commute time of 44 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Silver Lakes, California could be a positive 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. With useful information like commute, health & safety, employment and other key data points, finding the best places to live in Silver Lakes and in the areas around Silver Lakes is a much easier task.
Using data and statistics Silver Lakes has received a livability score of 54 out of 100. This score is ranked in the 18th percentile when compared to all other cities. Compared to the national average, this city has a score which ranks among the lowest in the nation, and it is not considered a very livable city. There are nine total categories that form the livability score. Silver Lakes scores well for employment (A+) and housing (A+) On a less positive note, Silver Lakes does not have favorable ranks for the following: amenities (F), crime (F) and cost of living (F). If we take a look at the data, we can find out why.
When contemplating a move, job prospects often top the list of priorities. In Silver Lakes, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 0.9% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
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 Lakes has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Silver Lakes is real estate affordability. Median real estate prices in Silver Lakes come in at $419,868, which is 42.6% lower than the California average. The home price to income ratio compares the median home prices to the median household income. In Silver Lakes, the home price to income ratio is 3.6, which is 53.2% lower than the California average.
| Statistic | Silver Lakes | California | National |
| Average one way commute | 44min | 28min | 26min |
| Workers who drive to work | 71.7% | 73.5% | 76.4% |
| Workers who carpool | 21.6% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 5.2% | 5.1% |
| Workers who bicycle | 0.0% | 1.1% | 0.6% |
| Workers who walk | 0.0% | 2.7% | 2.8% |
| Working from home | 6.8% | 5.4% | 4.6% |
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