Buckman, MN vs Silver Lake, MN

Buckman, MN and Silver Lake, MN have a very similar cost of living, with only a 4.6% difference in their overall index. Buckman 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 Buckman is $775/month compared to $769/month in Silver Lake — a 1% difference. Home values follow the same pattern: Silver Lake is more affordable at $184,800 median vs $222,600.

Median household income in Buckman is $98,750 compared to $75,000 in Silver Lake (+31.7%). While Buckman is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Buckman spend roughly 9.4% of their income on rent, less than the 12.3% in Silver Lake.