Zip 51571 (Silver City, IA) Cost of Living


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Silver City cost of living score
86.9
Less expensive
13.1% lower
than the US average
8.5% higher
than the Iowa average
Silver City (zip 51571), Iowa gets a BestPlaces Cost of Living score of 86.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.1% lower than the U.S. average and 8.5% lower than the average for Iowa.

Zip 51571 (Silver City, IA)

Housing costs in Silver City?
A typical home costs $265,000, which is 21.6% less expensive than the national average of $338,100 and 36.0% 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 9.7% more than the national average of $930 and 5.9% cheaper than the state average of $1,080.

Can I afford Silver City?
To live comfortably in Silver City (zip 51571), Iowa, a minimum annual income of $50,760 for a family, and $33,600 for a single person is recommended.

What does A.I. say about Silver City?
The cost of living in 51571 Silver City, IA is relatively low compared to other parts of the country. According to CNNMoney, the city has a comparative cost of living index of 87.6, which is significantly lower than the national average. This makes it an attractive place to live for individuals and families who are looking for an affordable place to call home. There are also many amenities available including grocery stores, restaurants, parks, and more. All in all, Silver City is an excellent place to settle down and enjoy life at a reasonable cost.
   Cost of living score
     CategoriesSilver CityIowaUnited States
  86.980.1100.0
  95.294.4100
  110.8108.2100.0
  70.755.4100.0
  $265,000$194,900$338,100
  91.5%98.5%100.0%
  91.171.4100.0
  109.996.3100.0

   100=National Average

   Average Rent by Bedroom Size
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