Cost of Living in Silver lake, MN
Housing
The housing market plays a significant role in determining the cost of living in Silver lake, MN.
- Housing Index: Data is updating
- Median Home Price is: $265,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering moving to Silver lake, MN? The median home price sits at a reasonable 265000, making it an attractive option for prospective buyers. However, with a housing index of 0.0, it's essential to analyze the market shifts and affordability further. The absence of data for average rents for a 2-bedroom apartment and house may indicate limited rental options or a market that's not fully developed. Potential residents should explore local amenities and job opportunities as pivotal factors alongside housing to ensure a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Silver lake, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Silver lake, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Silver lake is a financially viable option for your relocation.