What is the median household income in Silver City, NM?
The median household income in Silver City, NM is $38,711 (±$7,855) a year (2020–2024 American Community Survey).
Paying the median gross rent of $866 a month would take about $34,600 a year at the common guideline of spending no more than 30% of income on rent.
In Silver City, the median household income went from $31,620 in 2015–2019 to $38,711 in 2020–2024 (+22.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $38,711 (±$7,855)
- Median renter income
- $35,347 (±$5,482)
- Income to afford median rent
- about $34,600
Income in Silver City against Grant County, its state and the nation
| Silver City | Grant County | New Mexico | United States | |
|---|---|---|---|---|
| Median household income | $38,711 (±$7,855) | $44,958 (±$4,212) | $64,059 (±$808) | $80,734 |
| Median renter household income | $35,347 (±$5,482) | $30,710 (±$3,894) | $40,497 (±$955) | $52,966 |
| Median owner household income | $50,036 (±$5,416) | $51,708 (±$5,606) | $77,401 (±$970) | $100,009 |
| Median gross rent | $866 (±$24) | $825 (±$28) | $1,067 (±$11) | $1,413 |
In Silver City, median household income is not measurably different from Grant County ($44,958).
It is also lower than in New Mexico ($64,059).
It is lower than the national figure ($80,734).
In Grant County, Silver City ranks 4 of 6 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 158 of 188.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Silver City
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $866 a month ($10,392 a year) needs an income of about $34,600 a year.
The median renting household in Silver City earns $35,347 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $31,620 (±$5,181) | $38,711 (±$7,855) | +22.4% | No measurable change after inflation |
| Median gross rent | $666 (±$47) | $866 (±$24) | +30.0% | No measurable change after inflation |
| Median home value | $134,400 (±$15,118) | $182,100 (±$30,062) | +35.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Silver City
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Silver City | — | $38,711 (±$7,855) | — |
| Little Walnut Village | 3.4 mi | $125,175 (±$42,132) | Higher |
| Arenas Valley | 3.9 mi | $44,300 (±$28,256) | Not measurably different |
| Santa Clara | 7.0 mi | $57,898 (±$23,959) | Not measurably different |
| Bayard | 8.0 mi | $34,477 (±$9,859) | Not measurably different |
| Hurley | 9.8 mi | $36,202 (±$11,221) | Not measurably different |
| Lordsburg | 39 mi | $36,607 (±$9,378) | Not measurably different |
| Virden | 43 mi | $126,094 (±$110,446) | Not measurably different |
| Keeler Farm | 44 mi | $43,750 (±$37,399) | Not measurably different |
Nearby places with a measurably higher figure: Little Walnut Village, NM ($125,175).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Grant County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Little Walnut Village | $125,175 (±$42,132) |
| 2 | Santa Clara | $57,898 (±$23,959) |
| 3 | Arenas Valley | $44,300 (±$28,256) |
| 4 | Silver City | $38,711 (±$7,855) |
| 5 | Hurley | $36,202 (±$11,221) |
| 6 | Bayard | $34,477 (±$9,859) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Silver City
What is the median household income in Silver City?
The median household income in Silver City is $38,711 (±$7,855) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Silver City?
About $34,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $866 a month.
Have incomes in Silver City kept up with inflation?
In Silver City, the median household income went from $31,620 in 2015–2019 to $38,711 in 2020–2024 (+22.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Silver City?
The median renting household in Silver City, NM earns $35,347 (±$5,482) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Silver City town, New Mexico
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Silver City town, New Mexico
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Silver City town, New Mexico
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Silver City town, New Mexico
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Silver City town, New Mexico
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Silver City town, New Mexico
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Silver City town, New Mexico (place:73260, in state:35).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Silver City at a glance
- Median rent in Silver City
- Rent by bedrooms in Silver City
- Rent burden in Silver City
- Renters and owners in Silver City
- Home values in Silver City
- Homeowner costs in Silver City
- Property taxes in Silver City
- Types of homes in Silver City
- Bedrooms in Silver City
- Age of homes in Silver City
- Heating fuel in Silver City
- Commute and cars in Silver City
- Population growth in Silver City
- How long people stay in Silver City
- Crowding and facilities in Silver City
- New Mexico landlord and tenant rules
- Housing across Grant County
- New Mexico places ranked by median household income
- Housing data for every place in New Mexico