Cost of Living in Silver City, NC

With a cost of living index of 74, Silver City, NC is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 11% below the North Carolina state average of 84. Silver City is a small community of 789 residents.

Housing costs are the biggest factor in Silver City's cost of living. The median monthly rent is $958 (27% below the US median of $1,319), and the median home value sits at $153,200 (50% below the national median of $304,900). At current prices, the median home costs roughly 9.3x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Silver City is $16,466, which is 78% lower than the national median of $75,149. Residents spend roughly 70% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Fayetteville, NC (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.