Silver City, New Mexico Median Income

Silver City, New Mexico has a population of 9,814, with a median household income of $48,114.

Current median income data for Silver City.

$48,114

👥

Population

9,814

💰

Median Income

$48,114

📉

Unemployment

5.80%

🏠

Housing Price

$188,114

🚨

Crime Rate

0.50

🌐

Internet Speed

148.70 Mbps

Silver City is a small local community located in New Mexico. The city has a population that is above the average city population in New Mexico, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in New Mexico, Silver City provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Silver City has a population of 9,814, which is higher than the state average. This indicates a relatively larger urban presence within New Mexico.

Income and Economy

The median household income in Silver City is $48,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Silver City average around $188,114, which is relatively high compared to other cities in New Mexico.

Employment and Safety

The unemployment rate in Silver City is 5.80%, which is lower than the state average, indicating a relatively strong job market. Silver City has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Mexico, Silver City shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of New Mexico, Silver City contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Silver City

What is the population of Silver City?

The population of Silver City is approximately 9,814.

Is Silver City a good place to live?

Silver City offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Silver City?

The median household income in Silver City is around $48,114.

How expensive is housing in Silver City?

The average housing price in Silver City is approximately $188,114.