Meadow Lake, NM vs Silver City, NM

Meadow Lake is moderately more affordable than Silver City, with a 11% lower cost of living index. Meadow Lake scores 63 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 Meadow Lake is $783/month compared to $851/month in Silver City — a 8% difference. Home values follow the same pattern: Meadow Lake is more affordable at $83,500 median vs $160,900.

Median household income in Meadow Lake is $38,872 compared to $39,025 in Silver City (-0.4%). Silver City does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Meadow Lake spend roughly 24.2% of their income on rent, less than the 26.2% in Silver City.