Silver City, NM Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
88
Silver City's Overall Cost Of Living
0.9x
Lower Than The National Average
21 out of 46
In New Mexico
1,324 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Silver City is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Silver City, NM?

According to the most recent data on the cost of living, Silver City has an overall cost of living index of 88 which is 0.9x lower than the national index of 100.

Compared to only New Mexico, Silver City has a cost of living index that's 1.0x lower than New Mexico's index of 92.

The standard of living in Silver City ranks as #1,324 most affordable out of the 6,522 places we measured in New Mexico. By definition, that implies Silver City ranks as the #5,083 most expensive place in the Land of Enchantment.

For more reading on life in Silver City, check out:

Silver City Cost Of Living Vs. New Mexico

Living Expense Silver City New Mexico National Average
Overall 88 92 100
Services 91 92 100
Groceries 107 99 100
Health 97 99 100
Housing 72 86 100
Transportation 99 97 100
Utilities 83 87 100
For more reading on cost of living around New Mexico, check out:
Silver City Cost of Living Vs. NM

Silver City, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$134,400
Median Home Value
$666
Median Rent
$31,620
Median Income
Statistic Silver City New Mexico United States
Median Home Value $134,400 $171,400 $217,500
Median Rent $666 $844 $1,062
Median Income $31,620 $49,754 $62,843
Home Value To Income 4.3x 3.4x 3.5x
Rent To Monthly Income 0.25x 0.2x 0.2x

Detailed Silver City Services Costs Vs. New Mexico

Item Silver City New Mexico
Shampoo $1.08 $1.01
Movie $10.75 $10.72
Bowling $12.33 $13.86

Detailed Silver City Groceries Costs Vs. New Mexico

Item Silver City New Mexico
Ground Beef $4.49 $3.9
Fried Chicken $1.57 $1.4
Milk $2.2 $1.96

Detailed Silver City Health Costs Vs. New Mexico

Item Silver City New Mexico
Haircut $18.33 $17.49
Beauty Salon $34.59 $38.17
Toothpaste $2.33 $2.32

Detailed Silver City Transportation Costs Vs. New Mexico

Item Silver City New Mexico
Potatoes $3.42 $3.18
Pizza $9.99 $10.39
Beer $8.32 $9.23
Optometrist $113.15 $106.34
Doctor $104.4 $115.25
Dentist $96.38 $98.38

Detailed Silver City Utilities Costs Vs. New Mexico

Item Silver City New Mexico
Gasoline $2.52 $2.59
Tire Balancing $51.44 $48.9
All Electricity $116.21 $167.6
Phone $183.15 $163.42

Silver City SnackAbility

6
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
4
Diversity
8.5
Safety
N/A
Amenities
8
Education
8
Commute
10

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