Cost of Living in Silver Lake, IN

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16%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
42%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Silver Lake Indiana National
Cost of living8489100
Groceries9797100
Health care9697100
Housing5872100
Transportation9596100
Utilities9796100
Lifestyle & Entertainment9495100
Household Items9998100
Education & Childcare9194100
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Homes For Sale In Silver Lake, IN

property for sale

5246 W Warren Ave

Silver Lake, IN
property for sale

Lakeshore Dr

Silver Lake, IN
property for sale

7404 W 1400 N

Silver Lake, IN
property for sale

TBD Lakeshore Dr

Pleasant Township, IN

Cost Of Living Quick Facts

  • The cost of living in Silver Lake is 5% lower than the Indiana average
  • The cost of living in Silver Lake is 16% lower than the national average
  • Silver Lake housing is 42% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Silver Lake

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Compare Silver Lake, IN Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,713$7,059$1,977$2,542
      Renters$50,027$4,169$1,167$1,501

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

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      Macy, IN1887822.3%
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      Claypool, IN5418119.2%
      Burket, IN1878317.2%
      Roann, IN3478416.1%
      Silver Lake, IN1,0908415.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Skyline, AL1,0908218.3%
      Young Harris, GA1,0908910.7%
      Lawton, IA1,090955.0%
      Mortons Gap, KY1,0908217.6%
      Utica, NE1,090928.3%
      Silver Lake, IN1,0908415.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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