Pros and Cons of Living In Silver City, New Mexico. Is Silver City, NM a Nice Place To Live or Retire?

Silver City, New Mexico

Moving to Silver City In New Mexico ? Is Silver City, NM a Nice Place To Live? Pros and Cons of Living in Silver City, New Mexico. Find out the best and worst about to live, raise a family or retire in Silver City.

DEMOGRAPHICS

Population
9530
Unemployment
10.9%
132% NAT AVG.
Poverty
35.7%
155% NAT AVG.
Cost Of Living
84
16% NAT AVG.

ECONOMICS

Median Home Cost
$139600
39% NAT AVG.
Median Income
$30821
54% NAT AVG.
Median Rent
$709
39% NAT AVG.
Overall Score
6

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 3
Unemployed People
1 in 9
People Earning < $10,000
1 in 6
People Earning < $50,000
70.3%
People With Any Degree
1 in 2.7

ETHNICITY

Ethnicity Silver City USA
White 45.4% 60.1%
African American 0.3% 12.2%
American Indian 1.3% 0.6%
Asian 1.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 0.6% 2.8%
Hispanic 50.4% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Silver City USA
Less than $10,000 15.4% 5.8%
$10,000 to $14,999 9% 4.1%
$15,000 to $24,999 16.5% 8.5%
$25,000 to $34,999 17.7% 8.6%
$35,000 to $49,999 11.7% 12.0%
$50,000 to $74,999 6.6% 17.2%
$75,000 to $99,999 8.8% 12.8%
$100,000 to $149,999 10.1% 15.6%
$150,000 to $199,999 3.2% 7.1%

EDUCATION

Education Silver City USA
< 9th Grade 4% 5.0%
9-12th Grade 8% 7.0%
High School or GED 28% 27.0%
Other College 23% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 18% 20.0%
Master's Degree 7% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 3% 1.0%
Silver City is a city in New Mexico state in USA with a population of 9530 residents.. The poverty rate of Silver City is 35.7%, which is 155% higher than national average. The typical household in Silver City earns $30821 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 70.3% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Silver City are struggling financially. Nearly one in every 1 in every 9 workers in Silver City is unemployed. The unemployment rate of Silver City remained 10.9%, which is 132% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.

Cost of living in Silver City is 84, which is 16% lower than national average. In Silver City, only 30% of adults have a bachelor's degree and 30% have some college but no degree. Median home value in Silver City is $139600 , which is 39% lower than national average. While median income in Silver City remained $30821, which is 54% lower than national average.
Silver City Scorecard

Jobs30%

Housing60%

Affordability40%

Safety80%

Amenities80%

Diversity90%

Education80%

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