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 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.
Cost of living in Silver City is 84, which is 16% lower than national average.
In Silver City, only 30% of adults have a bachelor's degree and 30% have some college but no degree.
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.