Living in Silver City, Iowa
Cost of living, income, home prices, rent and demographics of Silver City · Census data 2020–2024
Silver City has 504 residents with a median age of 30.5. The median household income is $67,250 (10% lower than the Iowa median), the median home value is $156,800, the median rent is $1,188/month.
Silver City is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Silver City at a glance
- Population
- 504
- Median age
- 30.5State: 38.6
- Median household income
- $67,250State: $75,059
- Median home value
- $156,800State: $208,000
- Median rent
- $1,188/moState: $972
- Homeowners
- 82.5%
- Bachelor's degree or higher
- 10.7%
- Average commute
- 25 min
Is Silver City a good place to live?
Pros: Home values 25% lower than the state median.
Cons: Median household income 10% lower than the Iowa median; an average commute of 25 minutes; unemployment of 4.9%; a poverty rate of 19.8%.
The weather is best in May–June and August–September.
Cost of living in Silver City
Housing is the biggest part of the cost of living. In Silver City the median home value is $156,800, 53% lower than the U.S. median. Renters pay a median of $1,188 per month, which is 18.8% of household income. Homeowners with a mortgage pay $1,331 a month in housing costs.
Silver City median household income
The median household income in Silver City is $67,250 and the income per person is $36,900. 19.8% of residents live below the poverty line (Iowa: 11.1%).
Housing in Silver City: homes for sale and rent
- Housing units
- 165
- Owner-occupied
- 82.5%
- Renter-occupied
- 17.5%
- Vacant
- 13.3%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.52
Silver City demographics
- Population
- 504
- Median age
- 30.5
- Under 18
- 31%
- 65 and older
- 15.5%
- Households
- 143
- Foreign-born
- 0%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver City ›
Education in Silver City
10.7% of adults 25 and older in Silver City have a bachelor's degree or higher (Iowa: 31.4%), and 2.1% have a graduate or professional degree.
Jobs and commute in Silver City
- Unemployment rate
- 4.9%State: 3.6%
- Average commute
- 25 minState: 20 min
- Work from home
- 16.2%
- Drive alone
- 74.5%
- Public transit
- 0%
- Walk to work
- 3.4%
- Homes with broadband
- 95.8%
Silver City vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver City | 504 | $67,250 | $156,800 | $1,188 |
| Glenwood | 5,144 | $71,790 | $206,200 | $924 |
| Malvern | 1,323 | $84,223 | $174,700 | $839 |
| Treynor | 1,126 | $121,696 | $263,500 | $1,122 |
| Hastings | 164 | $84,375 | $90,700 | — |
| Henderson | 143 | $54,375 | $77,500 | — |
| Macedonia | 249 | $71,042 | $155,500 | $775 |
| Emerson | 570 | $49,063 | $119,500 | $1,034 |
| Council Bluffs | 62,586 | $64,578 | $171,800 | $1,030 |
More for people moving to Silver City
Silver City ZIP code ›Weather and climate ›Living in Silver City: FAQ
What is the median household income in Silver City, IA?
The median household income in Silver City is $67,250, 10% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Silver City?
The median home value in Silver City is $156,800, compared with $208,000 in Iowa.
How much is rent in Silver City?
The median gross rent in Silver City is $1,188 per month, about 18.8% of household income.
Is Silver City, IA a good place to live?
Pluses: home values 25% lower than the state median. Minuses: median household income 10% lower than the Iowa median; an average commute of 25 minutes; unemployment of 4.9%; a poverty rate of 19.8%.
What is the median age in Silver City?
The median age in Silver City is 30.5 years (Iowa: 38.6).
How long is the commute in Silver City?
The average commute to work in Silver City is 25 minutes; 16.2% of workers work from home.
What is the unemployment rate in Silver City?
The unemployment rate in Silver City is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver City?
10.7% of adults in Silver City have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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