Silver Bay, MN vs Wabasso, MN

There is a significant gap in the cost of living between these two cities. Wabasso is 26.4% cheaper than Silver Bay. With a cost index of 61 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Wabasso to Silver Bay should plan for substantially higher expenses across most categories.

On the housing front, median rent in Silver Bay is $1,044/month compared to $633/month in Wabasso — a 65% difference. Home values follow the same pattern: Wabasso is more affordable at $105,100 median vs $150,700.

Median household income in Silver Bay is $70,870 compared to $63,900 in Wabasso (+10.9%). Silver Bay 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 Silver Bay spend roughly 17.7% of their income on rent, more than the 11.9% in Wabasso.

Climate-wise, Wabasso is notably warmer with an average of 45.4°F compared to 39.5°F in Silver Bay. Wabasso receives more rainfall at 28" per year compared to 25.9" in Silver Bay.