Eagle Bend, MN vs Silver Bay, MN

There is a significant gap in the cost of living between these two cities. Eagle Bend is 16.2% cheaper than Silver Bay. With a cost index of 65 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Eagle Bend to Silver Bay should plan for substantially higher expenses across most categories.

On the housing front, median rent in Eagle Bend is $775/month compared to $1,044/month in Silver Bay — a 26% difference. Home values follow the same pattern: Eagle Bend is more affordable at $96,700 median vs $150,700.

Median household income in Eagle Bend is $48,924 compared to $70,870 in Silver Bay (-31%). While Silver Bay is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eagle Bend spend roughly 19% of their income on rent, more than the 17.7% in Silver Bay.