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 92, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Silver City has a cost of living index that's 1.0x lower than New Mexico's index of 93.
The standard of living in Silver City ranks as #21 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Silver City ranks as the #24 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
Six factors go into calculating the cost of living index in Silver City. Here is how it fares on each of the criteria:
The Services index in Silver City is 96.
The Groceries index in Silver City is 99.
The Health index in Silver City is 76.
The Housing index in Silver City is 100.
The Transportation index in Silver City is 98.
The Utilities index in Silver City is 98.
| Living Expense | Silver City | New Mexico | National Average |
|---|---|---|---|
| Overall | 92 | 93 | 100 |
| Services | 96 | 98 | 100 |
| Groceries | 99 | 96 | 100 |
| Health | 76 | 86 | 100 |
| Housing | 100 | 99 | 100 |
| Transportation | 98 | 95 | 100 |
| Utilities | 98 | 94 | 100 |
Silver City Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in Silver City Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Silver City, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Silver City is $225,704.
The Median Rent in Silver City is $866.
The Median Income in Silver City is $38,711.
The Home Value To Income in Silver City is 5.8x.
The Rent To Monthly Income in Silver City is 0.27x.
| Statistic | Silver City | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $225,704 | $316,750 | $332,700 |
| Median Rent | $866 | $1,067 | $1,413 |
| Median Income | $38,711 | $64,059 | $80,734 |
| Home Value To Income | 5.8x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.21x |
Silver City, NM Costs By Category
Detailed Silver City Services costs vs. New Mexico
| Item | Silver City | New Mexico |
|---|---|---|
| Shampoo | $1.09 | $1.28 |
| Movie | $13.0 | $12.13 |
| Bowling | $14.33 | $18 |
| Haircut | $24.56 | $24.26 |
| Beauty Salon | $46.0 | $45.56 |
Detailed Silver City Groceries costs vs. New Mexico
| Item | Silver City | New Mexico |
|---|---|---|
| Ground Beef | $5.69 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.53 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $12.38 | $12.09 |
| Beer | $10.68 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Silver City Health costs vs. New Mexico
| Item | Silver City | New Mexico |
|---|---|---|
| Optometrist | $150.67 | $125.68 |
| Doctor | $140.33 | $135.78 |
| Dentist | $113.72 | $113.29 |
Detailed Silver City Transportation costs vs. New Mexico
| Item | Silver City | New Mexico |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $53.65 | $59.92 |
Detailed Silver City Utilities costs vs. New Mexico
| Item | Silver City | New Mexico |
|---|---|---|
| All Electricity | $192.0 | $193.99 |
| Phone | $189.63 | $192.25 |
