Montezuma, IA vs Silver City, IA

Montezuma, IA and Silver City, IA have a very similar cost of living, with only a 0.6% difference in their overall index. Montezuma scores 70 while Silver City scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Montezuma is $843/month compared to $889/month in Silver City — a 5% difference. Interestingly, home values tell a different story: while Montezuma has cheaper rent, Silver City actually has lower median home values ($139,000 vs $157,800).

Median household income in Montezuma is $63,375 compared to $68,214 in Silver City (-7.1%). 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 Montezuma spend roughly 16% of their income on rent, more than the 15.6% in Silver City.

Climate-wise, both cities share similar average temperatures (50.7°F vs 52.4°F). Montezuma receives more rainfall at 37" per year compared to 31.9" in Silver City.