Laurel, NE vs Silver Creek, NE

Silver Creek is moderately more affordable than Laurel, with a 6.1% lower cost of living index. Laurel scores 66 compared to 62 for Silver Creek, where the US average is 100. This difference means residents of Laurel can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Laurel is $719/month compared to $824/month in Silver Creek — a 13% difference. Interestingly, home values tell a different story: while Laurel has cheaper rent, Silver Creek actually has lower median home values ($83,800 vs $152,500).

Median household income in Laurel is $56,250 compared to $57,321 in Silver Creek (-1.9%). Silver Creek offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Laurel spend roughly 15.3% of their income on rent, less than the 17.3% in Silver Creek.

Climate-wise, Silver Creek is notably warmer with an average of 51.8°F compared to 48.7°F in Laurel. Laurel receives more rainfall at 28.7" per year compared to 26.6" in Silver Creek.