Housing costs in Silver City?
A typical home costs
$217,000, which is 35.8% less expensive than the national average of
$338,100 and 18.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Silver City costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 25.9% cheaper than the state average of
$1,020.
Can I afford Silver City?
To live comfortably in Silver City, New Mexico, a minimum annual income of
$41,400 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Silver City?
Silver City, NM is known for its relatively low cost of living compared to other cities in the United States. According to data from the US Census Bureau, the median household income in Silver City is $31,844 while the median home value in Silver City is estimated at $125,000. The overall cost of living is 6% lower than the national average. This makes Silver City an affordable place to live for those within a moderate budget. Groceries and housing are particularly affordable with prices lower than the national average. With its pleasant climate and outdoor recreation opportunities, Silver City is an excellent place to call home without breaking the bank.