Lagrange, IN vs Silver Lake, IN

Lagrange is moderately more affordable than Silver Lake, with a 10.7% lower cost of living index. Lagrange scores 66 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 Lagrange is $752/month compared to $1,057/month in Silver Lake — a 29% difference. Interestingly, home values tell a different story: while Lagrange has cheaper rent, Silver Lake actually has lower median home values ($107,300 vs $124,000).

Median household income in Lagrange is $51,786 compared to $53,542 in Silver Lake (-3.3%). 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 Lagrange spend roughly 17.4% of their income on rent, less than the 23.7% in Silver Lake.