Housing costs in Silver Lake?
A typical home costs
$190,900, which is 43.5% less expensive than the national average of
$338,100 and 59.2% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Silver Lake costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 76.7% cheaper than the state average of
$1,520.
Can I afford Silver Lake?
To live comfortably in Silver Lake (zip 97638), Oregon, a minimum annual income of
$36,720 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Silver Lake?
The cost of living in Silver Lake, OR (97638) is relatively low. The median home value in the area is just under $120,000, making it more affordable than many nearby towns and cities. Additionally, the average utility costs are very reasonable compared to other cities in the state. Renters can also find relatively inexpensive housing in this small town, with the average rent being just over $650 per month. Groceries, transportation, and health care services are all reasonably priced as well. Overall, Silver Lake offers a pleasant living experience at an affordable cost for those who call it home.