Silver City, NC is a charming city located in North Carolina. Not far from larger cities like Raleigh and Charlotte, it offers the best of both worlds. The cost of living is much lower than the national average, with an average two-bedroom rent of $970 compared to $1,430 nationally. Grocery costs are similarly low with an index of 96 versus 100 in the US. This makes Silver City a great place for families and young professionals alike. The city is home to many local businesses including Silver City Brewery, Gleam Cleaners, Artisan Pizza Cafe and Country Electric LCM. All of these offer great products and services to residents of Silver City.
Silver City has an unemployment rate of 6.2%. The US average is 6.0%.
Silver City has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Silver City
- The Sales Tax Rate for Silver City is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Silver City is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Silver City
- The average income of a Silver City resident is $14,280 a year. The US average is $28,555 a year.
- The Median household income of a Silver City resident is $21,477 a year. The US average is $69,021 a year.