Elkader, IA vs Silver City, IA

Elkader, IA and Silver City, IA have a very similar cost of living, with only a 2.9% difference in their overall index. Elkader scores 69 while Silver City scores 71 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 Elkader is $851/month compared to $889/month in Silver City — a 4% difference. Home values follow the same pattern: Elkader is more affordable at $134,300 median vs $139,000.

Median household income in Elkader is $61,786 compared to $68,214 in Silver City (-9.4%). While Silver City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elkader spend roughly 16.5% of their income on rent, more than the 15.6% in Silver City.