Baxter, IA vs Silver City, IA

Baxter is moderately more affordable than Silver City, with a 5.6% lower cost of living index. Baxter scores 67 compared to 71 for Silver City, where the US average is 100. This difference means residents of Silver City can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Baxter is $693/month compared to $889/month in Silver City — a 22% difference. Interestingly, home values tell a different story: while Baxter has cheaper rent, Silver City actually has lower median home values ($139,000 vs $162,300).

Median household income in Baxter is $60,625 compared to $68,214 in Silver City (-11.1%). While Silver City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Baxter spend roughly 13.7% of their income on rent, less than the 15.6% in Silver City.