Drexel, OH vs Silverton, OH

Drexel is moderately more affordable than Silverton, with a 10.9% lower cost of living index. Drexel scores 66 compared to 74 for Silverton, where the US average is 100. This difference means residents of Silverton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Drexel is $942/month compared to $842/month in Silverton — a 12% difference. Interestingly, home values tell a different story: while Silverton has cheaper rent, Drexel actually has lower median home values ($58,700 vs $185,300).

Median household income in Drexel is $43,691 compared to $49,563 in Silverton (-11.8%). While Silverton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Drexel spend roughly 25.9% of their income on rent, more than the 20.4% in Silverton.