Graham, NC vs Silver Lake, NC

There is a significant gap in the cost of living between these two cities. Graham is 17.8% cheaper than Silver Lake. With a cost index of 79 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Graham to Silver Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Graham is $990/month compared to $1,289/month in Silver Lake — a 23% difference. Home values follow the same pattern: Graham is more affordable at $200,600 median vs $287,500.

Median household income in Graham is $54,783 compared to $73,277 in Silver Lake (-25.2%). 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 Graham spend roughly 21.7% of their income on rent, more than the 21.1% in Silver Lake.