Grissom AFB, IN vs Silver Lake, IN

Grissom AFB is moderately more affordable than Silver Lake, with a 12.2% lower cost of living index. Grissom AFB scores 64 compared to 73 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 Grissom AFB is $864/month compared to $1,057/month in Silver Lake — a 18% difference. Home values follow the same pattern: Grissom AFB is more affordable at $84,700 median vs $107,300.

Median household income in Grissom AFB is $52,829 compared to $53,542 in Silver Lake (-1.3%). 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 Grissom AFB spend roughly 19.6% of their income on rent, less than the 23.7% in Silver Lake.