Housing costs in Silver Lake?
A typical home costs
$292,300, which is 13.5% less expensive than the national average of
$338,100 and 48.4% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Silver Lake costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 18.3% more than the state average of
$980.
Can I afford Silver Lake?
To live comfortably in Silver Lake, Ohio, a minimum annual income of
$56,160 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Silver Lake?
The cost of living in Silver Lake, OH is quite reasonable. The housing market is affordable, with the median home price being just over $100,000. Additionally, utilities are also reasonably priced, and the overall cost of living index is lower than the national average. Residents have access to quality public schools and are able to take advantage of a variety of community amenities such as parks, libraries, and recreational facilities. All these factors make Silver Lake an attractive place for those looking for a more affordable lifestyle without sacrificing quality of life.