Silver City, NM Cost of Living

11 Reviews

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Silver City cost of living score
Less expensive
24.9% lower
than the US average
15.0% lower
than the New Mexico average
Silver City, New Mexico gets a BestPlaces Cost of Living score of 75.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.9% lower than the U.S. average and 15.0% higher than the average for New Mexico.

Silver City, NM

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.
   Cost of living score
     CategoriesSilver CityNew MexicoUnited States

   100=National Average

   Average Rent by Bedroom Size
Reviews for Silver City
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We moved to SC about a year ago. People are genuinely friendly-we actually have dinner in each other’s homes in our neighborhood. Historic downtown is quirky and fun  More

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Over 6 years ago

I've lived all over the US. This is my perspective on Silver city. Beautiful country, nice weather but full of unhappy, unpleasant people.Every city has a soul and for  More

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Over 7 years ago

I have lived here for a large potion of my life. Silver City has many positive aspects that have been mentioned in other comments. For a small town, the Arts Concil  More

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