Silver Lake, NC Cost Of Living
Silver Lake's Overall Cost Of Living
Lower Than The National Average
In North Carolina
In America
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 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.
Silver Lake Cost Of Living Vs. North Carolina
| 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 | |
Silver Lake, NC Housing Cost Breakdown
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.
Median Home Value
Median Rent
Median Income
| 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 |
Detailed Silver Lake Services Costs Vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $10.35 | $10.68 |
| Bowling | $13.67 | $14.67 |
Detailed Silver Lake Groceries Costs Vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| Ground Beef | $4.32 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $2.58 | $2.05 |
Detailed Silver Lake Health Costs Vs. North Carolina
| Item | Silver Lake | North Carolina |
|---|---|---|
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $42.5 | $39.05 |
| Toothpaste | $3.23 | $2.34 |
Detailed Silver Lake Transportation Costs Vs. North Carolina
| 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 |
Detailed Silver Lake Utilities Costs Vs. North Carolina
| 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 |
Silver Lake SnackAbility
/10
Cost Of Living In Cities Around Silver Lake
| 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 |
