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Silver Lake, OH Cost of Living

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2%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
9%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Silver Lake Ohio National
Cost of living10291100
Goods & Services9799100
Groceries10399100
Health care10497100
Housing10973100
Transportation9798100
Utilities9892100

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Key findings

  • The cost of living in Silver Lake is 12% higher than the Ohio average
  • The cost of living in Silver Lake is 2% higher than the national average
  • Silver Lake housing is 9% higher than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 16% higher than the national average

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Compare Silver Lake, OH Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$99,375$8,281$2,319$2,982
      Renters$38,929$3,244$908$1,168

      Ohio Sales Tax

      State General Sales Tax With Max Surtax
      Ohio 5.75% 8%

      Ohio Income Tax

      State Income Tax (Low) Income Tax (High)
      Ohio 2.85% 4.797%

      Goods & Services

      Item Silver Lake National avg. Difference
      Haircut $19.82$20.272.2%
      Beauty Salon $32.55$40.3919.4%
      Toothpaste $2.53$2.367.1%
      Shampoo $1.08$1.080.6%
      Movie $11.71$10.996.6%
      Bowling $16.78$15.498.3%

      Groceries

      Item Silver Lake National avg. Difference
      Ground Beef $4.45$4.303.6%
      Fried Chicken $1.65$1.4017.7%
      Milk $1.75$2.2020.6%
      Potatoes $2.97$3.227.6%
      Pizza $10.83$10.740.8%
      Beer $8.99$9.606.3%

      Health Care

      Item Silver Lake National avg. Difference
      Optometrist $90.58$109.7317.4%
      Doctor $116.73$118.341.4%
      Dentist $110.67$100.949.6%
      Ibuprofen $10.58$9.936.6%
      Lipitor $518.98$469.5310.5%

      Housing

      Item Silver Lake National avg. Difference
      Home Price $198,100.00$184,700.007.3%
      Avg. Mortgage Payment $951.68$1,229.6222.6%
      Apartment Rent $1,083.00$949.0014.1%

      Transportation

      Item Silver Lake National avg. Difference
      Gasoline $2.74$2.711.2%
      Tire Balancing $46.16$51.8611.0%

      Utilities

      Item Silver Lake National avg. Difference
      All Electricity $165.92$170.842.9%
      Phone $183.98$187.181.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Sawyerwood, OH1,3168317.4%
      Marlboro, OH2318316.7%
      Akron, OH198,5088515.5%
      Barberton, OH26,2668515.0%
      Ravenna, OH11,5828613.6%
      Silver Lake, OH2,4521021.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Woodside East, DE2,452946.4%
      Sale Creek, TN2,4528317.3%
      Spring Valley, MN2,4518317.1%
      Rio Hondo, TX2,4516930.7%
      Woodville, TX2,4518514.7%
      Silver Lake, OH2,4521021.6%
      Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
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