Freeborn, MN vs Silver Lake, MN

Freeborn is moderately more affordable than Silver Lake, with a 8.3% lower cost of living index. Freeborn scores 66 compared to 72 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 Freeborn is $833/month compared to $769/month in Silver Lake — a 8% difference. Interestingly, home values tell a different story: while Silver Lake has cheaper rent, Freeborn actually has lower median home values ($87,900 vs $184,800).

Median household income in Freeborn is $44,545 compared to $75,000 in Silver Lake (-40.6%). While Silver Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Freeborn spend roughly 22.4% of their income on rent, more than the 12.3% in Silver Lake.

Climate-wise, both cities share similar average temperatures (45.6°F vs 46.7°F). Freeborn receives more rainfall at 36.3" per year compared to 30.6" in Silver Lake.