Cleveland, MN vs Silver Bay, MN

Cleveland, MN and Silver Bay, MN have a very similar cost of living, with only a 2.7% difference in their overall index. Cleveland scores 76 while Silver Bay scores 78 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 Cleveland is $735/month compared to $1,044/month in Silver Bay — a 30% difference. Interestingly, home values tell a different story: while Cleveland has cheaper rent, Silver Bay actually has lower median home values ($150,700 vs $204,200).

Median household income in Cleveland is $83,281 compared to $70,870 in Silver Bay (+17.5%). Cleveland offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cleveland spend roughly 10.6% of their income on rent, less than the 17.7% in Silver Bay.