Silver Lake is a residential and commercial neighborhood in the central region of Los Angeles, California. Originally named Ivanhoe in the 1900s by a resident from Scotland, it was built around what was then a city reservoir which gives the district its name. The “Silver” in Silver Lake is not because of the water’s color, but named for a local politician who helped create the reservoir. The area is known for its restaurants and hipster hangouts, and many notable people have made their homes there. The neighborhood has several public and private schools.
The median yearly household income in 2008 dollars was $54,339, about the same as the rest of Los Angeles, but a high rate of households earned $20,000 or less per year. The average household size of 2.3 people was low for the city. Renters occupied 64.3% of the housing stock, and house or apartment owners the rest.