Gary, MN vs Silver Lake, MN

There is a significant gap in the cost of living between these two cities. Silver Lake is 16.2% cheaper than Gary. With a cost index of 72 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Silver Lake to Gary should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Gary are $123,700 compared to $184,800 in Silver Lake, a 33% gap.

Median household income in Gary is $72,500 compared to $75,000 in Silver Lake (-3.3%). Silver Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Climate-wise, Silver Lake is notably warmer with an average of 46.7°F compared to 42.2°F in Gary. Silver Lake receives more rainfall at 30.6" per year compared to 24" in Gary.