Foley, MN vs Silver Lake, MN

Silver Lake is moderately more affordable than Foley, with a 7.6% lower cost of living index. Foley scores 78 compared to 72 for Silver Lake, where the US average is 100. This difference means residents of Foley can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Foley is $1,006/month compared to $769/month in Silver Lake — a 31% difference. Home values follow the same pattern: Silver Lake is more affordable at $184,800 median vs $192,600.

Median household income in Foley is $58,092 compared to $75,000 in Silver Lake (-22.5%). Silver Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Foley spend roughly 20.8% of their income on rent, more than the 12.3% in Silver Lake.

Climate-wise, Silver Lake is notably warmer with an average of 46.7°F compared to 42.9°F in Foley. Silver Lake receives more rainfall at 30.6" per year compared to 28.5" in Foley.