Four Oaks, NC vs Silver Lake, NC

Four Oaks is moderately more affordable than Silver Lake, with a 10.6% lower cost of living index. Four Oaks scores 86 compared to 96 for Silver Lake, where the US average is 100. This difference means residents of Silver Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Four Oaks is $1,096/month compared to $1,289/month in Silver Lake — a 15% difference. Home values follow the same pattern: Four Oaks is more affordable at $222,100 median vs $287,500.

Median household income in Four Oaks is $69,974 compared to $73,277 in Silver Lake (-4.5%). Silver Lake does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Four Oaks spend roughly 18.8% of their income on rent, less than the 21.1% in Silver Lake.