Centerville, IN vs Silver Lake, IN

Centerville is moderately more affordable than Silver Lake, with a 7.8% lower cost of living index. Centerville scores 68 compared to 73 for Silver Lake, where the US average is 100. This difference means residents of Silver Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Centerville is $799/month compared to $1,057/month in Silver Lake — a 24% difference. Interestingly, home values tell a different story: while Centerville has cheaper rent, Silver Lake actually has lower median home values ($107,300 vs $133,200).

Median household income in Centerville is $50,724 compared to $53,542 in Silver Lake (-5.3%). The higher salaries in Silver Lake partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Centerville spend roughly 18.9% of their income on rent, less than the 23.7% in Silver Lake.