Cohasset, MN vs Silver Lake, MN

There is a significant gap in the cost of living between these two cities. Silver Lake is 21.1% cheaper than Cohasset. With a cost index of 72 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Silver Lake to Cohasset should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cohasset is $917/month compared to $769/month in Silver Lake — a 19% difference. Home values follow the same pattern: Silver Lake is more affordable at $184,800 median vs $315,700.

Median household income in Cohasset is $87,833 compared to $75,000 in Silver Lake (+17.1%). The higher salaries in Cohasset partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cohasset spend roughly 12.5% of their income on rent, more than the 12.3% in Silver Lake.