Silver City, New Mexico
Moving to or Living in Silver City Pros and Cons, Cost of Living, Crime Rate, Demographics
Living In Silver City, New Mexico
Moving to Silver City In New Mexico ? Find out the best and worst about to live, raise a family or retire in Silver City, the Pros and Cons of Living in Silver City.
Explore the life in Silver City based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.
About Silver City, New Mexico
Is Silver City, New Mexico a good place to live?
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 high jobless rate has likely contributed to the widespread poverty in the city.
A high school education is a basic prerequisite for most jobs, and in Silver City, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. 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. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Silver City, only 30% of adults have a bachelor's degree and 30% have some college but no degree.
Cost of living in Silver City is 84, which is 16% lower than national average. 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.
A high school education is a basic prerequisite for most jobs, and in Silver City, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. 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. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Silver City, only 30% of adults have a bachelor's degree and 30% have some college but no degree.
Cost of living in Silver City is 84, which is 16% lower than national average. 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.
Population
9530
Unemployment
10.9%
Poverty
35.7%
Overall Score
6
Median Home
$139600
39%
NAT AVG.
Median Income
$30821
54%
NAT AVG.
Median Rent
$709
39%
NAT AVG.
Cost Of Living
84
16%
NAT AVG.
People Living BPL
1 in 3
Unemployed People
1 in 9
People Earning < $10,000
1 in 6
People Earning < $50,000
70.3%
People with <= High School
1 in 2.5
People With Any Degree
1 in 2.7
Pros & Cons Overview
Jobs30%
Housing60%
Affordability40%
Safety80%
Amenities80%
Diversity90%
Education80%
Commute100%
Cost of Living
| Expense | Silver City | New Mexico | National Avg. |
|---|---|---|---|
| Services | 92 | 92 | 100 |
| Groceries | 93 | 94 | 100 |
| Health | 100 | 98 | 100 |
| Housing | 73 | 87 | 100 |
| Transportation | 97 | 88 | 100 |
| Utilities | 84 | 91 | 100 |
Cost of Living
Gender
| Gender | Silver City | New Mexico | Country |
|---|---|---|---|
| Female | 53.3% | 50.5% | 50.8% |
| Male | 46.7% | 49.5% | 49.2% |
Gender
Household Income
| Income | Silver City | New Mexico | Country |
|---|---|---|---|
| Less than $10,000 | 15.4% | 8.4% | 5.8% |
| $10,000 to $14,999 | 9% | 5.7% | 4.1% |
| $15,000 to $24,999 | 16.5% | 11.2% | 8.5% |
| $25,000 to $34,999 | 17.7% | 10.3% | 8.6% |
| $35,000 to $49,999 | 11.7% | 13.2% | 12.0% |
| $50,000 to $74,999 | 6.6% | 17.8% | 17.2% |
| $75,000 to $99,999 | 8.8% | 11.7% | 12.8% |
| $100,000 to $149,999 | 10.1% | 12.8% | 15.6% |
| $150,000 to $199,999 | 3.2% | 4.7% | 7.1% |
| $200,000 or more | 1% | 4.1% | 8.3% |
Education
| Education | Silver City | New Mexico | Country |
|---|---|---|---|
| < 9th Grade | 4% | 5% | 5.0% |
| 9-12th Grade | 8% | 8% | 7.0% |
| High School or GED | 28% | 26% | 27.0% |
| Other College | 23% | 23% | 20.0% |
| Associate's Degree | 7% | 9% | 9% |
| Bachelor's Degree | 18% | 16% | 20.0% |
| Master's Degree | 7% | 9% | 9.0% |
| Professional Degree | 2% | 2% | 2.0% |
| Doctorate Degree | 3% | 2% | 1.0% |
Household Income
Education
Race / Ethnicity
| Ethnicity | Silver City | New Mexico | Country |
|---|---|---|---|
| White | 45.4% | 36.7% | 60.1% |
| African American | 0.3% | 1.8% | 12.2% |
| American Indian | 1.3% | 8.6% | 0.6% |
| Asian | 1.9% | 1.5% | 5.6% |
| Hawaiian | 0% | 0.1% | 0.2% |
| Other | 0% | 0.3% | 0.3% |
| Multiracial | 0.6% | 1.9% | 2.8% |
| Hispanic | 50.4% | 49.2% | 18.2% |