Navassa, NC vs Silver Lake, NC

Navassa is moderately more affordable than Silver Lake, with a 7.3% lower cost of living index. Navassa scores 89 compared to 96 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 Navassa is $1,305/month compared to $1,289/month in Silver Lake — a 1% difference. Interestingly, home values tell a different story: while Silver Lake has cheaper rent, Navassa actually has lower median home values ($196,300 vs $287,500).

Median household income in Navassa is $57,571 compared to $73,277 in Silver Lake (-21.4%). 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 Navassa spend roughly 27.2% of their income on rent, more than the 21.1% in Silver Lake.