Silver Lake, NC Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
Silver Lake's Overall Cost Of Living
Lower Than The National Average
92 out of 153
In North Carolina
2,890 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Silver Lake is expensive, while a number below 100 means it's a relatively cheap place to live.

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.

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

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
For more reading on cost of living around North Carolina, check out:
Silver Lake Cost of Living Vs. NC

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

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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

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