Housing costs in Silver Lake?
A typical home costs
$245,500, which is 27.4% less expensive than the national average of
$338,100 and 26.5% more expensive than the average Kansas home, at
$194,100. Renting a two-bedroom unit in Silver Lake costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 21.3% cheaper than the state average of
$970.
Can I afford Silver Lake?
To live comfortably in Silver Lake, Kansas, a minimum annual income of
$47,160 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Silver Lake?
The cost of living in Silver Lake, KS is relatively low compared to the rest of the state and country. The median home value in Silver Lake is $97,200, which is far below the Kansas average of $156,000 and the national average of $231,200. The cost of living index in Silver Lake is 80.1 versus a US average of 100. This means that basic groceries and goods are approximately 20% less expensive than the national average. Furthermore, utility costs are also very reasonable due to milder weather conditions and lower taxes on energy. All these factors help make Silver Lake an attractive place for people looking for a more affordable place to live.