Silver Lake, IN Cost of Living


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Silver Lake cost of living score
82.3
Less expensive
17.7% lower
than the US average
1.7% lower
than the Indiana average
Silver Lake, Indiana gets a BestPlaces Cost of Living score of 82.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.7% lower than the U.S. average and 1.7% higher than the average for Indiana.

Silver Lake, IN

Housing costs in Silver Lake?
A typical home costs $149,900, which is 55.7% less expensive than the national average of $338,100 and 32.4% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Silver Lake costs $900 per month, which is 37.1% cheaper than the national average of $1,430 and 8.9% cheaper than the state average of $980.

Can I afford Silver Lake?
To live comfortably in Silver Lake, Indiana, a minimum annual income of $28,800 for a family, and $30,800 for a single person is recommended.

What does A.I. say about Silver Lake?
The cost of living in Silver Lake, IN is quite reasonable. The housing costs are some of the most affordable in the region, with average home prices around $175,000. Utilities and transportation costs are also fairly low compared to other areas. Groceries and restaurants are a bit more expensive than some other locations due to the town's rural location. However, overall it's still an affordable place to live for those looking for a quiet alternative to larger cities or towns.
   Cost of living score
     CategoriesSilver LakeIndianaUnited States
  82.383.7100.0
  90.492.9100
  94.394.4100.0
  43.663.8100.0
  $149,900$221,600$338,100
  95.2%97.2%100.0%
  80.785.4100.0
  87.0102.0100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Silver Lake
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Over 3 years ago

Great place to live. It's  More

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