How much rent can you afford in Silver City, NM?
Run your salary against Silver City's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Silver City
At a median rent of $1,350/mo, Silver City is stretched for most renters when measured against Silver City median household income of $38,711/yr. Rent would consume roughly 42% of pre-tax income, and a salary of about $54,000 keeps rent at the recommended 30% threshold.
Frequently asked
How much rent can I afford in Silver City?
On a $38,711 salary (the Silver City median household income), the recommended ceiling is 30% of pre-tax income, or about $968/mo. Silver City's median rent is $1,350/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Silver City?
To keep Silver City's $1,350/mo median rent under 30% of income, you'd need about $54,000/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Silver City affordable on the median New Mexico income?
Silver City is stretched for most renters on a $38,711 income. Rent would take 42% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".