Silver Lakes, CA Cost Of Living
Cost Of Living In Silver Lakes, CA Summary
Cost of living in Silver Lakes research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Silver Lakes is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Silver Lakes is 120, with 100 being the average.
The cost of living index in Silver Lakes is 1.2x higher than the national average.
Silver Lakes ranks as the #193 cheapest in California out of 635.
Silver Lakes ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Silver Lakes is $267,200.
The median income in Silver Lakes is $89,511.
Table Of Contents
Silver Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Silver Lakes, CA?
According to the most recent data on the cost of living, Silver Lakes has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to California, Silver Lakes has a cost of living index that's 0.9x lower than California's index of 139.
The standard of living in Silver Lakes ranks as #193 most affordable out of the 635 places we measured in California. By definition, that implies Silver Lakes ranks as the #442 most expensive place in the Golden State.
For more reading on life in Silver Lakes, check out:
- Living In Silver Lakes
- Search Homes For Sale In Silver Lakes, CA
In California
In America
Silver Lakes Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Silver Lakes. Here is how it fairs on each of the criteria:
The Services index in Silver Lakes is 115.
The Groceries index in Silver Lakes is 112.
The Health index in Silver Lakes is 111.
The Housing index in Silver Lakes is 126.
The Transportation index in Silver Lakes is 136.
The Utilities index in Silver Lakes is 109.
| Living Expense | Silver Lakes | California | National Average | |
|---|---|---|---|---|
| Overall | 120 | 139 | 100 | |
| Services | 115 | 110 | 100 | |
| Groceries | 112 | 112 | 100 | |
| Health | 111 | 109 | 100 | |
| Housing | 126 | 204 | 100 | |
| Transportation | 136 | 126 | 100 | |
| Utilities | 109 | 124 | 100 | |
Silver Lakes, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Silver Lakes is $267,200.
The Median Rent in Silver Lakes is $1,637.
The Median Income in Silver Lakes is $89,511.
The Home Value To Income in Silver Lakes is 3.0x.
The Rent To Monthly Income in Silver Lakes is 0.22x.
| Statistic | Silver Lakes | California | United States |
|---|---|---|---|
| Median Home Value | $267,200 | $573,200 | $244,900 |
| Median Rent | $1,637 | $1,698 | $1,163 |
| Median Income | $89,511 | $84,097 | $69,021 |
| Home Value To Income | 3.0x | 6.8x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.24x | 0.2x |
Median Home Value
Median Rent
Median Income
Silver Lakes, CA Costs By Category
Detailed Silver Lakes Services Costs Vs. California
| Item | Silver Lakes | California |
|---|---|---|
| Shampoo | $1.17 | $1.06 |
| Movie | $16.3 | $10.68 |
| Bowling | $21.33 | $14.67 |
| Haircut | $22.57 | $18.62 |
| Beauty Salon | $76.5 | $39.05 |
Detailed Silver Lakes Groceries Costs Vs. California
| Item | Silver Lakes | California |
|---|---|---|
| Ground Beef | $4.58 | $4.22 |
| Fried Chicken | $1.72 | $1.39 |
| Milk | $2.19 | $2.05 |
| Potatoes | $2.99 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $9.82 | $9.38 |
| Toothpaste | $2.51 | $2.34 |
Detailed Silver Lakes Health Costs Vs. California
| Item | Silver Lakes | California |
|---|---|---|
| Optometrist | $125.58 | $108.57 |
| Doctor | $125.0 | $116.17 |
| Dentist | $110.78 | $99.13 |
Detailed Silver Lakes Transportation Costs Vs. California
| Item | Silver Lakes | California |
|---|---|---|
| Gasoline | $3.31 | $2.22 |
| Tire Balancing | $50.62 | $50.07 |
Detailed Silver Lakes Utilities Costs Vs. California
| Item | Silver Lakes | California |
|---|---|---|
| All Electricity | $185.68 | $167.67 |
| Phone | $189.51 | $175.64 |
Silver Lakes SnackAbility
/10
Cost Of Living In Cities Around Silver Lakes
The cost of living varies in the cities and towns around Silver Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Victorville, CA has a cost of living index of 110, 0.9x Silver Lakes.
Hesperia, CA has a cost of living index of 109, 0.9x Silver Lakes.
Apple Valley, CA has a cost of living index of 111, 0.9x Silver Lakes.
| City | Population | Cost Of Living | Vs. Silver Lakes |
|---|---|---|---|
| Victorville, CA | 132,924 | 110 | 0.9x |
| Hesperia, CA | 99,287 | 109 | 0.9x |
| Apple Valley, CA | 75,311 | 111 | 0.9x |
| Adelanto, CA | 37,229 | 103 | 0.9x |
| Barstow, CA | 25,123 | 97 | 0.8x |
| Phelan, CA | 18,599 | 106 | 0.9x |
| Oak Hills, CA | 9,123 | 129 | 1.1x |
| Spring Valley Lake, CA | 8,266 | 122 | 1.0x |
