What is the cost of living in Silver Lake, NC?
According to the most recent data on the cost of living, Silver Lake has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to North Carolina, Silver Lake has a cost of living index that's 1.0x higher than North Carolina's index of 95.
The standard of living in Silver Lake ranks as #72 most affordable out of the 159 places we measured in North Carolina. By definition, that implies Silver Lake ranks as the #87 most expensive place in the Tar Heel State.
For more reading on life in Silver Lake, check out:
Silver Lake Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Silver Lake. Here is how it fares on each of the criteria:
The Services index in Silver Lake is 100.
The Groceries index in Silver Lake is 98.
The Health index in Silver Lake is 98.
The Housing index in Silver Lake is 98.
The Transportation index in Silver Lake is 98.
The Utilities index in Silver Lake is 100.
| Living Expense | Silver Lake | North Carolina | National Average |
|---|---|---|---|
| Overall | 98 | 95 | 100 |
| Services | 100 | 98 | 100 |
| Groceries | 98 | 98 | 100 |
| Health | 98 | 89 | 100 |
| Housing | 98 | 100 | 100 |
| Transportation | 98 | 97 | 100 |
| Utilities | 100 | 101 | 100 |
Silver Lake Cost Of Living Compared To North Carolina Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around North Carolina, check out:
- Most Expensive Cities In North Carolina
- Most Affordable Cities In North Carolina
- Average Rent In North Carolina
Source: Cost-of-living index 2026, normalized to US average = 100
Silver Lake, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Silver Lake is $379,026.
The Median Rent in Silver Lake is $1,416.
The Median Income in Silver Lake is $76,756.
The Home Value To Income in Silver Lake is 4.9x.
The Rent To Monthly Income in Silver Lake is 0.22x.
| Statistic | Silver Lake | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $379,026 | $336,407 | $332,700 |
| Median Rent | $1,416 | $1,228 | $1,413 |
| Median Income | $76,756 | $72,388 | $80,734 |
| Home Value To Income | 4.9x | 4.6x | 4.1x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
Silver Lake, NC Costs By Category
Detailed Silver Lake Services costs vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| Shampoo | $1.09 | $1.28 |
| Movie | $10.27 | $12.13 |
| Bowling | $11.0 | $18 |
| Haircut | $19.0 | $24.26 |
| Beauty Salon | $29.58 | $45.56 |
Detailed Silver Lake Groceries costs vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| Ground Beef | $5.93 | $5.84 |
| Fried Chicken | $1.59 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.18 | $4.93 |
| Pizza | $10.47 | $12.09 |
| Beer | $10.29 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Silver Lake Health costs vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| Optometrist | $141.56 | $125.68 |
| Doctor | $136.38 | $135.78 |
| Dentist | $100.17 | $113.29 |
Detailed Silver Lake Transportation costs vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $63.55 | $59.92 |
Detailed Silver Lake Utilities costs vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| All Electricity | $201.14 | $193.99 |
| Phone | $187.32 | $192.25 |
Silver Lake SnackAbility
Cost Of Living In Cities Around Silver Lake
The cost of living varies in the cities and towns around Silver Lake. Here's a quick look at the cost of living in the most populous nearby places:
Wilmington, NC has a cost of living index of 108, 1.1x Silver Lake.
Leland, NC has a cost of living index of 110, 1.1x Silver Lake.
Murraysville, NC has a cost of living index of 106, 1.1x Silver Lake.
| City | Population | Cost Of Living | Vs. Silver Lake |
|---|---|---|---|
| Wilmington, NC | 120,805 | 108 | 1.1x |
| Leland, NC | 29,607 | 110 | 1.1x |
| Murraysville, NC | 16,339 | 106 | 1.1x |
| Myrtle Grove, NC | 12,637 | 114 | 1.2x |
| Kings Grant, NC | 9,003 | 102 | 1.0x |
| Ogden, NC | 8,249 | 122 | 1.2x |
| Porters Neck, NC | 7,654 | 124 | 1.3x |
| Carolina Beach, NC | 6,745 | 122 | 1.2x |
| Boiling Spring Lakes, NC | 6,347 | 99 | 1.0x |
