Newberry, FL vs Silver Lake, FL

Newberry is moderately more affordable than Silver Lake, with a 11.9% lower cost of living index. Newberry scores 88 compared to 100 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 Newberry is $1,047/month compared to $1,306/month in Silver Lake — a 20% difference. Home values follow the same pattern: Newberry is more affordable at $268,800 median vs $299,000.

Median household income in Newberry is $100,513 compared to $75,709 in Silver Lake (+32.8%). Newberry offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Newberry spend roughly 12.5% of their income on rent, less than the 20.7% in Silver Lake.

Climate-wise, Silver Lake is notably warmer with an average of 72.8°F compared to 69.3°F in Newberry. Newberry receives more rainfall at 48.3" per year compared to 43.8" in Silver Lake.