salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.4 years of household income. Commutes are short, about 14.7 minutes.
How much money do I need?
To rent here comfortably, you should earn about $36,320 a year. That is $17 an hour at a full-time job.
Is rent cheaper than other New Mexico cities?
Yes. Rent here is cheaper than in most of New Mexico. It is number 9 of 44 cities from cheapest to most expensive.
How much do households earn in Silver City?
Share of households by yearly income. 11.2% of households earn $100,000 or more.
Rent by apartment size in Silver City
| Size | Silver City | U.S. average |
|---|---|---|
| 1 bedroom | $770 | $1,324 |
| 2 bedrooms | $922 | $1,509 |
| 3 bedrooms | $1,005 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Silver City overall?
Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Silver City, so the New Mexico figure is shown.
Taxes and bills in Silver City
Life in Silver City
Is it cheaper to rent or buy in Silver City?
Renting is cheaper right now: about $356 a month less.
Owning assumes a typical $182,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,210 for the down payment.
Frequently asked questions
What is the average rent in Silver City, NM?
Renting in Silver City costs a median of about $908 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Silver City?
To keep rent under 30% of income, you need about $36,320 a year, or $17 an hour at a full-time job.
Is Silver City cheap or expensive?
Silver City is rated OK: rent takes 26.1% of the typical household income of $41,750. It ranks 9th cheapest of 44 New Mexico cities we track.
How much are property taxes in Silver City?
The median homeowner in Silver City pays $852 a year in property taxes, about 0.47% of the median home value.
Is Silver City more expensive than the national average?
Overall prices in New Mexico are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Silver City?
The median home value in Silver City is $182,100, about 4.4 times the typical yearly household income.
9,536 people live in Silver City. Numbers are typical (middle) values.