Silver City, NM 88061 is an ideal place to live in with its low cost of living. The average 2 bedroom rent in this city is only $800, lower than the national average of $1,430. Similarly, the grocery cost index for Silver City is 94 versus 100 in the US. This allows residents to stretch their money further while still enjoying the amenities and lifestyle Silver City has to offer. Local businesses like Southwest Quality Meats & Produce, La Tienda de Mino Grocery Store, and Miller's Market offer quality products at reasonable prices. Silver City's unique combination of affordability and quality of life make it an attractive place to call home.
Silver City (zip 88061) has an unemployment rate of 8.2%. The US average is 6.0%.
Silver City (zip 88061) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Silver City (zip 88061)
- The Sales Tax Rate for Silver City (zip 88061) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Silver City (zip 88061) is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Silver City (zip 88061)
- The average income of a Silver City (zip 88061) resident is $25,936 a year. The US average is $28,555 a year.
- The Median household income of a Silver City (zip 88061) resident is $40,229 a year. The US average is $69,021 a year.