Chandler, MN vs Silver Lake, MN

Chandler is moderately more affordable than Silver Lake, with a 7% lower cost of living index. Chandler scores 67 compared to 72 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 Chandler is $823/month compared to $769/month in Silver Lake — a 7% difference. Interestingly, home values tell a different story: while Silver Lake has cheaper rent, Chandler actually has lower median home values ($102,900 vs $184,800).

Median household income in Chandler is $77,188 compared to $75,000 in Silver Lake (+2.9%). Chandler offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Chandler spend roughly 12.8% of their income on rent, more than the 12.3% in Silver Lake.