Cost of living in Silver City
Silver City, located in New Mexico, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.
This guide provides a detailed breakdown of expenses in Silver City, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18 on average, with a range between $8 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $57.5, with prices ranging from $35 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11, with a range between $9 and $13.99.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.5 to $7, imported beer $4.5 to $9, cappuccino $3.69 to $8, and Coke/Pepsi $2.25 to $3.23.
Grocery Prices
- Milk - Milk is priced between $0.66 and $1.32 per liter, averaging $0.79.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $4.95, with an average price of $3.53.
- Eggs (Dozen) - A dozen eggs range from $2.6 to $5.39, averaging $4.07.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.14 to $8.82 per kg, while oranges range from $1.12 to $8.8 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.52 and $3.31 per kg, and lettuce costs $1.5 to $2.5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.79 and $1.17 per liter.
- Taxi Fares - Taxi fares start at $2.75, with a cost of $1.37 to $3.11 per km and $36 per hour of waiting.
Housing Costs
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1500.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1991.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $1991.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $154.55 and $450, averaging $275.
- Internet - Internet services range from $60 to $160, with an average cost of $70.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Silver City offers a relatively affordable cost of living compared to larger urban areas. Dining out can be budget-friendly, especially at casual restaurants.
Grocery prices are reasonable, with essentials like milk and bread being quite affordable. Transportation costs are moderate, with gasoline prices being competitive.
Housing is accessible, with rental and purchase prices being lower than many metropolitan areas. Utilities and internet services are reasonably priced, contributing to the overall affordability.
Conclusion
In conclusion, Silver City, NM, presents a cost-effective living environment with a balanced mix of affordable dining, reasonable grocery prices, and accessible housing options.
For those considering relocation or a visit, Silver City offers a charming lifestyle without the high costs associated with larger cities, making it an attractive option for many.