Housing costs in Silver Lake?
A typical home costs
$154,000, which is 54.5% less expensive than the national average of
$338,100 and 30.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Silver Lake costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 6.5% cheaper than the state average of
$980.
Can I afford Silver Lake?
To live comfortably in Silver Lake (zip 46982), Indiana, a minimum annual income of
$29,520 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Silver Lake?
The cost of living in 46982 Silver Lake, IN is relatively low compared to many other cities and towns across America. The median home value sits around $75,000, which is significantly lower than the national average. In addition, groceries, utilities and transportation are all considered to be below the national average. This makes Silver Lake a great town for those looking to stretch their dollar further than most cities. With a low unemployment rate and plenty of local businesses it's a great place to call home.