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.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the 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.
Cost Of Living
This area is known for its high cost of living, which means you should anticipate higher costs for everyday goods and services, housing, groceries, and health care.
Crime
Reporting high crime rates per 100,000 people, this area may be perceived as an unsafe place to reside. These statistics encompass both violent and property crime rates.
Located in the state of California, Silver Lakes is a small city with a population of 6,050 residents. The majority of Silver Lakes residents report their race to be White; this is followed by Black and Asian. Something to be aware of when living in Silver Lakes 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 44 minutes, this comes in much higher than the national average of 26 minutes.
Living in Silver Lakes can be a great experience for anyone relocating to the town. Having said that, in the state of California, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like amenities, cost of living, education, employment, housing, you can easily compare the best places to live in Silver Lakes and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Silver Lakes to California and the national average.
Silver Lakes has a livability score of 53 out of 100 and is ranked #956 in California and #23,686 in the USA. This is a poor rating when compared to the average of other places in the country. Based on the grades for each individual category, Silver Lakes has been rewarded with high marks for employment (A+) and housing (A). There are some categories that Silver Lakes ranks poorly for, including: amenities (F), crime (D) and cost of living (F). It might be worth taking a closer look to find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Silver Lakes, the unemployment rate stands at 0.82%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Silver Lakes apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
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 $235,800, which is 42.4% 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 3.1, which is 51.6% 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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