Housing costs in Silver City?
A typical home costs
$261,200, which is 22.7% less expensive than the national average of
$338,100 and 34.0% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Silver City costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 8.8% more than the state average of
$930.
Can I afford Silver City?
To live comfortably in Silver City, Iowa, a minimum annual income of
$50,040 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Silver City?
Silver City, IA is known for its low cost of living. The overall cost of living index in Silver City is approximately 10% lower than the national average. With a median home price of just over $100,000, this small town offers affordable housing for those looking to settle down in an area that is safe and family-friendly. The transportation costs are also low due to the rural nature of the town, making it an ideal place for commuters who need to save on gas money. Additionally, groceries and other necessities can be found at low prices in the local supermarkets and discount stores. All in all, Silver City provides a great quality of life without breaking the bank.