Silver City, IA Profile: Facts & Data

The City of Silver City had a population of 239 as of July 1, 2024. Silver City ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for Silver City is located at latitude 41.1133 and longitude -95.6372 in Mills County. The formal boundaries for the City of Silver City encompass a land area of 0.22 sq. miles and a water area of 0 sq. miles. Mills County is in the Central time zone (GMT -6).

The City of Silver City has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Silver City, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	239 (100%)
Population in Households	239 (100.0%)
Population in Families	212 (88.7%)
Population in Group Quarters¹	0
Population Density	1,142
Diversity Index²	18


INCOME
Median Household Income	$96,530
Average Household Income	$111,392
% of Income for Mortgage⁴	22%
Per Capita Income	$45,676
Wealth Index⁵	107
Socioeconomic Status Index⁶	Moderate (57.3)

HOUSING
Total HU (Housing Units)	105 (100%)
Owner Occupied HU	88 (83.8%)
Renter Occupied HU	10 ( 9.5%)
Vacant Housing Units	7 ( 6.7%)
Median Home Value	$340,000
Average Home Value	$367,898
Housing Affordability Index³	107

HOUSEHOLDS
Total Households	98
Average Household Size	2.44
Family Households	75
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Silver City, IA - Peer Comparisons by Rank and Percentile

The table below compares Silver City to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.58%	-0.76%
Households	-0.71%	-0.62%
Families		-0.27%
Median Household Income		-0.52%
Per Capita Income		1.75%
Owner Occupied HU		-1.16%

Variable Description	Rank	Percentile
Total Population	# 627	39th
Population Density	# 192	81st
Median Household Income	# 150	85th
Housing Affordability Index	# 328	32nd
Per Capita Income	# 300	71st
Diversity Index	# 430	58th

Silver City, IA Profile: Facts & Data

Silver City, Iowa - Basic Facts

Silver City, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Silver City, IA - Peer Comparisons by Rank and Percentile

Silver City, IA - Most Popular Things to Do

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Mills County