Ellendale, MN vs Silver Bay, MN

Ellendale is moderately more affordable than Silver Bay, with a 8.8% lower cost of living index. Ellendale scores 71 compared to 78 for Silver Bay, where the US average is 100. This difference means residents of Silver Bay can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ellendale is $820/month compared to $1,044/month in Silver Bay — a 22% difference. Home values follow the same pattern: Ellendale is more affordable at $150,000 median vs $150,700.

Median household income in Ellendale is $80,417 compared to $70,870 in Silver Bay (+13.5%). Ellendale offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ellendale spend roughly 12.2% of their income on rent, less than the 17.7% in Silver Bay.