Silver Lake, KS vs Waverly, KS

Waverly is moderately more affordable than Silver Lake, with a 7.8% lower cost of living index. Silver Lake scores 70 compared to 65 for Waverly, 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 Silver Lake is $877/month compared to $935/month in Waverly — a 6% difference. Interestingly, home values tell a different story: while Silver Lake has cheaper rent, Waverly actually has lower median home values ($85,000 vs $168,900).

Median household income in Silver Lake is $56,857 compared to $58,958 in Waverly (-3.6%). Waverly offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Silver Lake spend roughly 18.5% of their income on rent, less than the 19% in Waverly.