Cost of Living in Silver City, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
49.6
100 = national avg
-50.4 vs national average
Living Wage (1 Adult)
$21,842
per year
Living Wage (Family of 4)
$51,627
per year
Cost Index by Category
Housing40.4
Utilities82.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$768
per month
2 Bedroom
$842
per month
The overall cost of living index in Silver City is 49.6, which is 50.4% below the national average. Housing costs are below the national average at an index of 40.4. A single adult needs to earn approximately $21,842 per year to cover basic expenses.