Silver City, IA
Population 435 · Iowa
About Silver City, IA
Silver City is a small community located in Iowa with a population of 435 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,214 per year, which is 9% below the national median of $75,149. The median age of 31.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Silver City features a median home value of $139,000, which is 43% below the national median of $244,900. This makes Silver City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $889, 24% below the national average of $1,163/month. Of the 151 total housing units, 85% are owner-occupied (111 units) and 15% are renter-occupied (19 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Silver City shows an unemployment rate of 5.0%, which is near the national rate of 3.7%. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Silver City have an average one-way commute time of 23.5 minutes.
Education & Demographics
6.4% of Silver City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Silver City, IA
Compared to national averages, Silver City has a median household income of $68,214 (9% below the national median of $75,149). Home values average $139,000, which is 43% below the national median. Monthly rent at $889 is 24% below the US average of $1,163. Within Iowa, Silver City's income is 0% above the state average of $67,947, and home values are 5% above the state median of $132,237.
Why Live in Silver City, IA?
Silver City offers affordable housing with a median home value of $139,000, below the US average of $244,900, and rent that’s lower than the national average at $889/month, and a low poverty rate of 9.4%, better than the national average. Additionally, the city features short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($68,214) that falls below the national average. However, Silver City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Silver City has a population of 435 with a median age of 31.7 years. Compare Silver City with other cities to see how it stacks up, or explore all cities in Iowa.
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Cities in Iowa with a similar population size.
Demographics
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Economy & Education
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Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Silver City
What is the population of Silver City, IA?
The population of Silver City, IA is 435 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Silver City?
The median household income in Silver City, IA is $68,214 per year, which is 9% below the national median of $75,149.
What is the median home value in Silver City?
The median home value in Silver City, IA is $139,000, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Silver City?
The median monthly rent in Silver City, IA is $889, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Silver City?
The unemployment rate in Silver City, IA is 5.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Silver City, IA a good place to live?
Silver City offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 435 and a median age of 31.7, the city appeals to young professionals and families.
How educated is Silver City, IA?
6.4% of residents in Silver City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Silver City?
Key cost-of-living indicators for Silver City, IA: median home value is $139,000 (43% below national), median rent is $889/month, and median household income is $68,214. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Silver City?
The poverty rate in Silver City, IA is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Silver City, IA?
Silver City's population is 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 8.3% two or more races. 0.0% of residents are foreign-born.