Silver City is a city in New Mexico state in USA with a population of 9530 residents.. The poverty rate of Silver City is 35.7%, which is 155% higher than national average. The typical household in Silver City earns $30821 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 70.3% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Silver City are struggling financially. Nearly one in every 1 in every 9 workers in Silver City is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Silver City, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Silver City remained 10.9%, which is 132% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Silver City, only 30% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Silver City is 84, which is 16% lower than national average. Median home value in Silver City is $139600 , which is 39% lower than national average. While median income in Silver City remained $30821, which is 54% lower than national average.