Lexington, MN vs Silver Lake, MN

The cost of living difference between Lexington, MN and Silver Lake, MN is dramatic. Silver Lake is 44.2% cheaper than Lexington, a gap that translates to thousands of dollars per year in household expenses. Lexington has a cost index of 104 while Silver Lake sits at 72, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Lexington is $1,462/month compared to $769/month in Silver Lake — a 90% difference. Home values follow the same pattern: Silver Lake is more affordable at $184,800 median vs $282,000.

Median household income in Lexington is $72,955 compared to $75,000 in Silver Lake (-2.7%). Silver Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lexington spend roughly 24% of their income on rent, more than the 12.3% in Silver Lake.

Climate-wise, both cities share similar average temperatures (45.8°F vs 46.7°F). Lexington receives more rainfall at 30.7" per year compared to 30.6" in Silver Lake.