Silver Lakes, CA Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Silver Lakes, CA Summary

Cost of living in Silver Lakes research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Silver Lakes is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Silver Lakes is 120, with 100 being the average.

  • The cost of living index in Silver Lakes is 1.2x higher than the national average.

  • Silver Lakes ranks as the #193 cheapest in California out of 635.

  • Silver Lakes ranks as the #4,798 cheapest out of 6,412 in the US.

  • The median home value in Silver Lakes is $267,200.

  • The median income in Silver Lakes is $89,511.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
120
Silver Lakes's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Silver Lakes, CA?

According to the most recent data on the cost of living, Silver Lakes has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.

Compared to California, Silver Lakes has a cost of living index that's 0.9x lower than California's index of 139.

The standard of living in Silver Lakes ranks as #193 most affordable out of the 635 places we measured in California. By definition, that implies Silver Lakes ranks as the #442 most expensive place in the Golden State.

For more reading on life in Silver Lakes, check out:

193 out of 635
In California
4,798 out of 6,412
In America

Silver Lakes Cost Of Living Vs. California

Six factors go into calculating the cost of living index in Silver Lakes. Here is how it fairs on each of the criteria:

  • The Services index in Silver Lakes is 115.

  • The Groceries index in Silver Lakes is 112.

  • The Health index in Silver Lakes is 111.

  • The Housing index in Silver Lakes is 126.

  • The Transportation index in Silver Lakes is 136.

  • The Utilities index in Silver Lakes is 109.

Living Expense Silver Lakes California National Average
Overall 120 139 100
Services 115 110 100
Groceries 112 112 100
Health 111 109 100
Housing 126 204 100
Transportation 136 126 100
Utilities 109 124 100
For more reading on cost of living around California, check out:
Silver Lakes Cost of Living Vs. CA

Silver Lakes, CA Housing Cost Breakdown

Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Silver Lakes is $267,200.

  • The Median Rent in Silver Lakes is $1,637.

  • The Median Income in Silver Lakes is $89,511.

  • The Home Value To Income in Silver Lakes is 3.0x.

  • The Rent To Monthly Income in Silver Lakes is 0.22x.

Statistic Silver Lakes California United States
Median Home Value $267,200 $573,200 $244,900
Median Rent $1,637 $1,698 $1,163
Median Income $89,511 $84,097 $69,021
Home Value To Income 3.0x 6.8x 3.5x
Rent To Monthly Income 0.22x 0.24x 0.2x
Search Homes For Sale In Silver Lakes, CA
$267,200
Median Home Value
$1,637
Median Rent
$89,511
Median Income

Silver Lakes, CA Costs By Category

Detailed Silver Lakes Services Costs Vs. California

Item Silver Lakes California
Shampoo $1.17 $1.06
Movie $16.3 $10.68
Bowling $21.33 $14.67
Haircut $22.57 $18.62
Beauty Salon $76.5 $39.05

Detailed Silver Lakes Groceries Costs Vs. California

Item Silver Lakes California
Ground Beef $4.58 $4.22
Fried Chicken $1.72 $1.39
Milk $2.19 $2.05
Potatoes $2.99 $3.29
Pizza $11.66 $10.62
Beer $9.82 $9.38
Toothpaste $2.51 $2.34

Detailed Silver Lakes Health Costs Vs. California

Item Silver Lakes California
Optometrist $125.58 $108.57
Doctor $125.0 $116.17
Dentist $110.78 $99.13

Detailed Silver Lakes Transportation Costs Vs. California

Item Silver Lakes California
Gasoline $3.31 $2.22
Tire Balancing $50.62 $50.07

Detailed Silver Lakes Utilities Costs Vs. California

Item Silver Lakes California
All Electricity $185.68 $167.67
Phone $189.51 $175.64

Silver Lakes SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
6
Diversity
10
Safety
N/A
Amenities
8
Education
8.5
Commute
2

Cost Of Living In Cities Around Silver Lakes

The cost of living varies in the cities and towns around Silver Lakes. Here's a quick look at the cost of living in the most populous nearby places:

  • Victorville, CA has a cost of living index of 110, 0.9x Silver Lakes.

  • Hesperia, CA has a cost of living index of 109, 0.9x Silver Lakes.

  • Apple Valley, CA has a cost of living index of 111, 0.9x Silver Lakes.

City Population Cost Of Living Vs. Silver Lakes
Victorville, CA 132,924 110 0.9x
Hesperia, CA 99,287 109 0.9x
Apple Valley, CA 75,311 111 0.9x
Adelanto, CA 37,229 103 0.9x
Barstow, CA 25,123 97 0.8x
Phelan, CA 18,599 106 0.9x
Oak Hills, CA 9,123 129 1.1x
Spring Valley Lake, CA 8,266 122 1.0x

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