States › California › Silver Lakes

Is Silver Lakes, CA expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8244% higher than U.S. average
💵 Families earn per year (2026)$124,922about $10,410/month · 43% higher than U.S. average
🔑 House price$383,60015% higher than U.S. average

Rent is higher than in 59% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are long, about 41.8 minutes each way. Most homes (85.1%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $72,960 a year. That is $35 an hour at a full-time job.

Is rent cheaper than other California cities?

Yes. Rent here is cheaper than in most of California. It is number 162 of 653 cities from cheapest to most expensive.

Silver Lakes
$1,824
Atherton
$3,500+
San Martin
$2,771
Fort Bragg
$1,776
Kentfield
$2,906
Contra Costa Centre
$2,883
Piñon Hills
$1,773

How much do households earn in Silver Lakes?

Under $25k
10.8%
$25k–50k
12.3%
$50k–100k
38.5%
$100k–150k
18.6%
$150k+
18.8%

Share of households by yearly income. 37.3% of households earn $100,000 or more.

How expensive is Silver Lakes overall?

Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).

Housing
154
Goods (food, clothes…)
106
Utilities
159
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Silver Lakes, so the California figure is shown.

Taxes and bills in Silver Lakes

🏛️ Property tax$3,188a year · 0.83% of home value · U.S. $3,119
⚡ Electric bill$116a month (typical) · U.S. $156

Life in Silver Lakes

Commute to work41.8 minU.S.: 26.4 min
College degree24.8%U.S.: 35.7%
Own their home85.1%U.S.: 65.2%
Below poverty line4.9%U.S.: 12.5%
Unemployment5.2%U.S.: 5.2%

Is it cheaper to rent or buy in Silver Lakes?

Renting is cheaper right now: about $838 a month less.

Renting
$1,824
Owning
$2,662

Owning assumes a typical $383,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,360 for the down payment.

Frequently asked questions

What is the average rent in Silver Lakes, CA?

Renting in Silver Lakes costs a median of about $1,824 a month in 2026, including utilities. The California median is $2,357.

How much do I need to make to live in Silver Lakes?

To keep rent under 30% of income, you need about $72,960 a year, or $35 an hour at a full-time job.

Is Silver Lakes cheap or expensive?

Silver Lakes is rated Cheap: rent takes 17.5% of the typical household income of $124,922. It ranks 162nd cheapest of 653 California cities we track.

How much are property taxes in Silver Lakes?

The median homeowner in Silver Lakes pays $3,188 a year in property taxes, about 0.83% of the median home value.

Is Silver Lakes more expensive than the national average?

Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Silver Lakes?

The median home value in Silver Lakes is $383,600, about 3.1 times the typical yearly household income.

6,977 people live in Silver Lakes. Numbers are typical (middle) values.