Living in Silver Springs, Alaska
Cost of living, income, home prices, rent and demographics of Silver Springs · Census data 2020–2024
Silver Springs has 71 residents with a median age of 59.1. The median household income is $117,500 (27% higher than the Alaska median), the median home value is $267,300.
Silver Springs is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Silver Springs at a glance
- Population
- 71
- Median age
- 59.1State: 35.8
- Median household income
- $117,500State: $92,788
- Median home value
- $267,300State: $352,900
- Homeowners
- 92.1%
- Bachelor's degree or higher
- 37.3%
- Average commute
- 18 min
Is Silver Springs a good place to live?
Pros: Median household income 27% higher than the Alaska median; home values 24% lower than the state median; an average commute of 18 minutes; a poverty rate of 4.2%.
The weather is best in May to August.
Cost of living in Silver Springs
Housing is the biggest part of the cost of living. In Silver Springs the median home value is $267,300, 20% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,475 a month in housing costs.
Silver Springs median household income
The median household income in Silver Springs is $117,500 and the income per person is $59,956. 4.2% of residents live below the poverty line (Alaska: 10.1%).
Housing in Silver Springs: homes for sale and rent
- Housing units
- 51
- Owner-occupied
- 92.1%
- Renter-occupied
- 7.9%
- Vacant
- 25.5%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 1.87
Silver Springs demographics
- Population
- 71
- Median age
- 59.1
- Under 18
- 16.9%
- 65 and older
- 21.1%
- Households
- 38
- Foreign-born
- 0%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Springs ›
Education in Silver Springs
37.3% of adults 25 and older in Silver Springs have a bachelor's degree or higher (Alaska: 31.7%), and 20.3% have a graduate or professional degree.
Jobs and commute in Silver Springs
- Unemployment rate
- 0%State: 5.9%
- Average commute
- 18 minState: 19 min
- Work from home
- 0%
- Drive alone
- 93.5%
- Public transit
- 0%
- Walk to work
- 6.5%
- Homes with broadband
- 100%
Silver Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Springs | 71 | $117,500 | $267,300 | — |
| Copper Center | 346 | $59,750 | $217,900 | $925 |
| Tazlina | 365 | $100,208 | $313,000 | $1,338 |
| Willow Creek | 144 | $79,519 | $448,400 | — |
| Glennallen | 450 | $89,609 | $226,800 | $1,308 |
| Gakona | 181 | $96,250 | $350,000 | $795 |
| Kenny Lake | 289 | $76,161 | $252,800 | — |
More for people moving to Silver Springs
Weather and climate ›Living in Silver Springs: FAQ
What is the median household income in Silver Springs, AK?
The median household income in Silver Springs is $117,500, 27% higher than the Alaska median of $92,788 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Silver Springs?
The median home value in Silver Springs is $267,300, compared with $352,900 in Alaska.
Is Silver Springs, AK a good place to live?
Pluses: median household income 27% higher than the Alaska median; home values 24% lower than the state median; an average commute of 18 minutes; a poverty rate of 4.2%.
What is the median age in Silver Springs?
The median age in Silver Springs is 59.1 years (Alaska: 35.8).
How long is the commute in Silver Springs?
The average commute to work in Silver Springs is 18 minutes; 0% of workers work from home.
What is the unemployment rate in Silver Springs?
The unemployment rate in Silver Springs is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver Springs?
37.3% of adults in Silver Springs have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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