Living in Silver City, New Mexico
Cost of living, income, home prices, rent and demographics of Silver City · Census data 2020–2024
Silver City has 9,536 residents with a median age of 40.8. The median household income is $38,711 (40% lower than the New Mexico median), the median home value is $182,100, the median rent is $866/month.
Silver City at a glance
- Population
- 9,536
- Median age
- 40.8State: 39.4
- Median household income
- $38,711State: $64,059
- Median home value
- $182,100State: $248,100
- Median rent
- $866/moState: $1,067
- Homeowners
- 60.5%
- Bachelor's degree or higher
- 35.8%
- Average commute
- 15 min
Is Silver City a good place to live?
Pros: Home values 27% lower than the state median; an average commute of 15 minutes.
Cons: Median household income 40% lower than the New Mexico median; unemployment of 13.1%; a poverty rate of 23.7%.
The weather is best in March to May and October.
Cost of living in Silver City
Housing is the biggest part of the cost of living. In Silver City the median home value is $182,100, 45% lower than the U.S. median. Renters pay a median of $866 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,112 a month in housing costs.
Silver City median household income
The median household income in Silver City is $38,711 and the income per person is $28,322. 23.7% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Silver City: homes for sale and rent
- Housing units
- 4,980
- Owner-occupied
- 60.5%
- Renter-occupied
- 39.5%
- Vacant
- 22.1%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.37
Silver City demographics
- Population
- 9,536
- Median age
- 40.8
- Under 18
- 22%
- 65 and older
- 25.9%
- Households
- 3,878
- Foreign-born
- 5.6%
- Veterans
- 9.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver City ›
Education in Silver City
35.8% of adults 25 and older in Silver City have a bachelor's degree or higher (New Mexico: 31%), and 17.3% have a graduate or professional degree.
Jobs and commute in Silver City
- Unemployment rate
- 13.1%State: 6%
- Average commute
- 15 minState: 24 min
- Work from home
- 13.2%
- Drive alone
- 62.4%
- Public transit
- 0%
- Walk to work
- 8.7%
- Homes with broadband
- 88%
Silver City vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver City | 9,536 | $38,711 | $182,100 | $866 |
| Little Walnut Village | 1,445 | $125,175 | $292,700 | — |
| Arenas Valley | 1,247 | $44,300 | $189,900 | — |
| Tyrone | 814 | $47,031 | $166,100 | — |
| Santa Clara | 1,809 | $57,898 | $141,500 | $543 |
| Bayard | 2,057 | $34,477 | $117,700 | $716 |
| Hurley | 1,044 | $36,202 | $89,700 | $545 |
| Hanover | 263 | $31,000 | — | — |
| White Signal | 177 | $96,625 | — | — |
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, NM?
The median household income in Silver City is $38,711, 40% lower than the New Mexico median of $64,059 (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 $182,100, compared with $248,100 in New Mexico.
How much is rent in Silver City?
The median gross rent in Silver City is $866 per month, about 28.8% of household income.
Is Silver City, NM a good place to live?
Pluses: home values 27% lower than the state median; an average commute of 15 minutes. Minuses: median household income 40% lower than the New Mexico median; unemployment of 13.1%; a poverty rate of 23.7%.
What is the median age in Silver City?
The median age in Silver City is 40.8 years (New Mexico: 39.4).
How long is the commute in Silver City?
The average commute to work in Silver City is 15 minutes; 13.2% of workers work from home.
What is the unemployment rate in Silver City?
The unemployment rate in Silver City is 13.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver City?
35.8% 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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