Housing costs in Silver Lake?
A typical home costs
$223,300, which is 34.0% less expensive than the national average of
$338,100 and 22.8% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Silver Lake costs
$1,320 per month, which is 7.7% cheaper than the national average of
$1,430 and 15.9% more than the state average of
$1,110.
Can I afford Silver Lake?
To live comfortably in Silver Lake, North Carolina, a minimum annual income of
$42,840 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Silver Lake?
The cost of living in Silver Lake, NC is relatively low compared to other cities in the area. The cost of housing is quite attractive for those looking to buy a home, with median prices hovering around $187,000. Groceries and utilities remain fairly inexpensive as well, while transportation costs are slightly higher than the national average. Overall, the cost of living in Silver Lake is quite affordable when compared to neighboring cities and towns.