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 only 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 #2,890 most affordable out of the 6,418 places we measured in North Carolina. By definition, that implies Silver Lake ranks as the #3,528 most expensive place in the Tar Heel State.
Living Expense | Silver Lake | North Carolina | National Average | |
---|---|---|---|---|
Overall | 98 | 95 | 100 | |
Services | 103 | 102 | 100 | |
Groceries | 97 | 100 | 100 | |
Health | 109 | 108 | 100 | |
Housing | 90 | 87 | 100 | |
Transportation | 108 | 96 | 100 | |
Utilities | 104 | 98 | 100 |
Housing swings affordability the most between places in North Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Silver Lake | North Carolina | United States |
---|---|---|---|
Median Home Value | $173,700 | $182,100 | $229,800 |
Median Rent | $1,055 | $932 | $1,096 |
Median Income | $68,150 | $56,642 | $64,994 |
Home Value To Income | 2.5x | 3.2x | 3.5x |
Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Item | Silver Lake | North Carolina |
---|---|---|
Shampoo | $1.07 | $1.06 |
Movie | $10.35 | $10.68 |
Bowling | $13.67 | $14.67 |
Item | Silver Lake | North Carolina |
---|---|---|
Ground Beef | $4.32 | $4.22 |
Fried Chicken | $1.48 | $1.39 |
Milk | $2.58 | $2.05 |
Item | Silver Lake | North Carolina |
---|---|---|
Haircut | $15.0 | $18.62 |
Beauty Salon | $42.5 | $39.05 |
Toothpaste | $3.23 | $2.34 |
Item | Silver Lake | North Carolina |
---|---|---|
Potatoes | $4.3 | $3.29 |
Pizza | $8.99 | $10.62 |
Beer | $9.69 | $9.38 |
Optometrist | $116.4 | $108.57 |
Doctor | $121.67 | $116.17 |
Dentist | $120.22 | $99.13 |
Item | Silver Lake | North Carolina |
---|---|---|
Gasoline | $2.5 | $2.22 |
Tire Balancing | $63.96 | $50.07 |
All Electricity | $180.8 | $167.67 |
Phone | $177.09 | $175.64 |
City | Population | Cost Of Living | Vs. Silver Lake |
---|---|---|---|
Wilmington, NC | 122,162 | 105 | 1.1x |
Leland, NC | 21,903 | 103 | 1.1x |
Murraysville, NC | 16,174 | 102 | 1.0x |
Myrtle Grove, NC | 11,921 | 111 | 1.1x |
Ogden, NC | 9,071 | 112 | 1.1x |
Kings Grant, NC | 8,596 | 97 | 1.0x |
Porters Neck, NC | 7,693 | 128 | 1.3x |
Carolina Beach, NC | 6,324 | 117 | 1.2x |
Boiling Spring Lakes, NC | 6,156 | 98 | 1.0x |