Barnesville, MN vs Silver Lake, MN

Barnesville, MN and Silver Lake, MN have a very similar cost of living, with only a 4.4% difference in their overall index. Barnesville scores 75 while Silver Lake scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Barnesville is $862/month compared to $769/month in Silver Lake — a 12% difference. Home values follow the same pattern: Silver Lake is more affordable at $184,800 median vs $218,300.

Median household income in Barnesville is $83,333 compared to $75,000 in Silver Lake (+11.1%). While Barnesville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Barnesville spend roughly 12.4% of their income on rent, more than the 12.3% in Silver Lake.