Cost of Living in Silver City, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.9
100 = national avg
-1.1 vs national average
Living Wage (1 Adult)
$43,511
per year
Living Wage (Family of 4)
$102,844
per year
Cost Index by Category
Housing91.9
Food102.1
Transportation104.3
Healthcare101.7
Utilities99.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,148
per month
2 Bedroom
$1,368
per month
The overall cost of living index in Silver City is 98.9, which is 1.1% below the national average. Housing costs are below the national average at an index of 91.9. A single adult needs to earn approximately $43,511 per year to cover basic expenses.