Housing costs in Silver City?
A typical home costs
$227,800, which is 32.6% less expensive than the national average of
$338,100 and 14.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Silver City costs
$800 per month, which is 21.6% cheaper than the national average of
$1,020 and close to the state average of
$800.
Can I afford Silver City?
To live comfortably in Silver City (zip 88061), New Mexico, a minimum annual income of
$43,560 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Silver City?
The cost of living in 88061 Silver City, NM is quite reasonable, especially when compared to other cities in the United States. Prices for housing and groceries are below the national average, while utilities remain close to the median. The median home value in 88061 Silver City, NM is approximately $171,000, which is far lower than many other cities across the country. Additionally, the cost of living is 4% lower than the national average overall. This makes 88061 Silver City an ideal spot for those looking to save money while still enjoying a comfortable lifestyle.