Cost of Living in Silver City, NV

With a cost of living index of 102, Silver City, NV is somewhat more expensive than average. Living here is 2% more expensive than the national average and 7% below the Nevada state average of 109. Silver City is a small community of 111 residents.

The median household income in Silver City is $69,375, which is 8% lower than the national median of $75,149.

Climate is another factor for anyone considering a move to Silver City. The area sees an average annual temperature of 55°F, with summers averaging 74°F and winters around 38°F. Annual rainfall totals 7.4 inches spread over roughly 51 days.

Everyday prices in the Reno, NV (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.