Living in Silver Springs, Florida
Cost of living, income, home prices, rent and demographics of Silver Springs · Census data 2020–2024
Silver Springs has 2,712 residents with a median age of 32. The median household income is $32,074 (57% lower than the Florida median), the median home value is $30,800, the median rent is $1,176/month.
Silver Springs at a glance
- Population
- 2,712
- Median age
- 32State: 42.6
- Median household income
- $32,074State: $74,568
- Median home value
- $30,800State: $359,000
- Median rent
- $1,176/moState: $1,669
- Homeowners
- 40.4%
- Bachelor's degree or higher
- 16.1%
- Average commute
- 23 min
Is Silver Springs a good place to live?
Pros: Home values 91% lower than the state median; an average commute of 23 minutes; unemployment of 0%.
Cons: Median household income 57% lower than the Florida median; a poverty rate of 29.8%.
The weather is best in February–March and November–December.
Cost of living in Silver Springs
Housing is the biggest part of the cost of living. In Silver Springs the median home value is $30,800, 91% lower than the U.S. median. Renters pay a median of $1,176 per month, which is 51% of household income. Homeowners with a mortgage pay — a month in housing costs.
Silver Springs median household income
The median household income in Silver Springs is $32,074 and the income per person is $32,568. 29.8% of residents live below the poverty line (Florida: 12.6%).
Housing in Silver Springs: homes for sale and rent
- Housing units
- 1,639
- Owner-occupied
- 40.4%
- Renter-occupied
- 59.6%
- Vacant
- 14.1%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 1.93
Silver Springs demographics
- Population
- 2,712
- Median age
- 32
- Under 18
- 25%
- 65 and older
- 19.1%
- Households
- 1,408
- Foreign-born
- 2.9%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Springs ›
Education in Silver Springs
16.1% of adults 25 and older in Silver Springs have a bachelor's degree or higher (Florida: 34.1%), and 5% have a graduate or professional degree.
Jobs and commute in Silver Springs
- Unemployment rate
- 0%State: 4.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 12.3%
- Drive alone
- 85.7%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 92.9%
Silver Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Springs | 2,712 | $32,074 | $30,800 | $1,176 |
| Ocala | 66,584 | $56,376 | $241,400 | $1,359 |
| Silver Springs Shores | 28,537 | $63,611 | $201,300 | $1,430 |
| Belleview | 5,805 | $57,813 | $210,200 | $1,257 |
| Liberty Triangle | 24,888 | $64,943 | $275,500 | $1,711 |
| Ocklawaha | 1,586 | $37,894 | $189,700 | $1,542 |
| Silver Springs Shores East | 1,777 | $59,861 | $233,100 | $1,692 |
| On Top of the World | 16,007 | $60,670 | $303,900 | $1,212 |
| Marion Oaks | 23,972 | $72,392 | $257,700 | $1,658 |
More for people moving to Silver Springs
Silver Springs ZIP code ›Weather and climate ›Living in Silver Springs: FAQ
What is the median household income in Silver Springs, FL?
The median household income in Silver Springs is $32,074, 57% lower than the Florida median of $74,568 (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 $30,800, compared with $359,000 in Florida.
How much is rent in Silver Springs?
The median gross rent in Silver Springs is $1,176 per month, about 51% of household income.
Is Silver Springs, FL a good place to live?
Pluses: home values 91% lower than the state median; an average commute of 23 minutes; unemployment of 0%. Minuses: median household income 57% lower than the Florida median; a poverty rate of 29.8%.
What is the median age in Silver Springs?
The median age in Silver Springs is 32 years (Florida: 42.6).
How long is the commute in Silver Springs?
The average commute to work in Silver Springs is 23 minutes; 12.3% 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?
16.1% 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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