Cost of Living in Silver Creek, MN

With a cost of living index of 109, Silver Creek, MN is somewhat more expensive than average. Living here is 9% more expensive than the national average and 27% above the Minnesota state average of 82. Silver Creek is a small community of 156 residents.

The median household income in Silver Creek is $66,500, which is 12% lower than the national median of $75,149.

Climate is another factor for anyone considering a move to Silver Creek. The area sees an average annual temperature of 42.9°F, with summers averaging 68°F and winters around 15°F. Annual rainfall totals 28.5 inches spread over roughly 111 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Minneapolis-St. Paul-Bloomington, MN-WI (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.