Silver City, NM
Full City Profile · New Mexico · Grant County County
Silver City, NM
At a Glance
How Silver City Compares to the U.S. Average
Each bar shows Silver City's value as a percentage of the national average (100% = U.S. avg)
Is Silver City a Good Place to Live?
Economy & Jobs
Silver City residents earn a median household income of $39,025 , which is 48% below the national average of $75,149. Per capita income is $27,083. The unemployment rate stands at 12.5% (247% above the U.S. rate of 3.6%). 14.9% of residents live below the poverty line. The area is home to 743 business establishments, including 74 restaurants.
Housing & Cost of Living
The median home value in Silver City is $160,900 , 43% below the national median of $281,900. Zillow estimates the typical home at $222,202. Median rent is $851/month, with 29.0% of renters spending more than 30% of income on housing. The cost of living index is 92.2 (100 = national average). The median home was built in 1970.
Education
32.4% of adults in Silver City hold a bachelor's degree or higher (4% below the national average). 90.3% have completed high school. Local schools score 4.7/10 in standardized testing.
Climate & Weather
Silver City has an average annual temperature of 60°F (15°C). Winters average 44°F in January while summers reach 76°F in July. Annual precipitation totals 16.2 inches.