Living in Silver Springs, Nevada
Cost of living, income, home prices, rent and demographics of Silver Springs · Census data 2020–2024
Silver Springs has 5,060 residents with a median age of 56.4. The median household income is $48,944 (37% lower than the Nevada median), the median home value is $244,400, the median rent is $1,201/month.
Silver Springs at a glance
- Population
- 5,060
- Median age
- 56.4State: 39.1
- Median household income
- $48,944State: $78,260
- Median home value
- $244,400State: $435,400
- Median rent
- $1,201/moState: $1,597
- Homeowners
- 84.8%
- Bachelor's degree or higher
- 11.3%
- Average commute
- 34 min
Is Silver Springs a good place to live?
Pros: Home values 44% lower than the state median.
Cons: Median household income 37% lower than the Nevada median; an average commute of 34 minutes; unemployment of 11%; a poverty rate of 19.6%.
The weather is best in May–June and September–October.
Cost of living in Silver Springs
Housing is the biggest part of the cost of living. In Silver Springs the median home value is $244,400, 27% lower than the U.S. median. Renters pay a median of $1,201 per month, which is 33.6% of household income. Homeowners with a mortgage pay $1,469 a month in housing costs.
Silver Springs median household income
The median household income in Silver Springs is $48,944 and the income per person is $28,543. 19.6% of residents live below the poverty line (Nevada: 12.4%).
Housing in Silver Springs: homes for sale and rent
- Housing units
- 2,649
- Owner-occupied
- 84.8%
- Renter-occupied
- 15.2%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1993
- Average household size
- 2.20
Silver Springs demographics
- Population
- 5,060
- Median age
- 56.4
- Under 18
- 13.7%
- 65 and older
- 28.5%
- Households
- 2,300
- Foreign-born
- 4.3%
- Veterans
- 12.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Springs ›
Education in Silver Springs
11.3% of adults 25 and older in Silver Springs have a bachelor's degree or higher (Nevada: 27.9%), and 4.2% have a graduate or professional degree.
Jobs and commute in Silver Springs
- Unemployment rate
- 11%State: 7%
- Average commute
- 34 minState: 25 min
- Work from home
- 4.4%
- Drive alone
- 68.6%
- Public transit
- 2.7%
- Walk to work
- 0.4%
- Homes with broadband
- 95%
Silver Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Springs | 5,060 | $48,944 | $244,400 | $1,201 |
| Stagecoach | 1,892 | $70,000 | $322,400 | $1,029 |
| Fernley | 24,225 | $89,517 | $366,700 | $1,570 |
| Wadsworth | 705 | $63,056 | $86,400 | $950 |
| Dayton | 15,781 | $102,819 | $433,200 | $1,521 |
| Virginia City | 644 | $114,000 | $414,300 | — |
| Silver City | 118 | $68,056 | $319,000 | — |
| Fallon | 9,463 | $73,389 | $282,700 | $1,230 |
| Fallon Station | 1,399 | $67,301 | — | $1,635 |
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, NV?
The median household income in Silver Springs is $48,944, 37% lower than the Nevada median of $78,260 (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 $244,400, compared with $435,400 in Nevada.
How much is rent in Silver Springs?
The median gross rent in Silver Springs is $1,201 per month, about 33.6% of household income.
Is Silver Springs, NV a good place to live?
Pluses: home values 44% lower than the state median. Minuses: median household income 37% lower than the Nevada median; an average commute of 34 minutes; unemployment of 11%; a poverty rate of 19.6%.
What is the median age in Silver Springs?
The median age in Silver Springs is 56.4 years (Nevada: 39.1).
How long is the commute in Silver Springs?
The average commute to work in Silver Springs is 34 minutes; 4.4% of workers work from home.
What is the unemployment rate in Silver Springs?
The unemployment rate in Silver Springs is 11% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver Springs?
11.3% 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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