Living in Silver Springs, New York
Cost of living, income, home prices, rent and demographics of Silver Springs · Census data 2020–2024
Silver Springs has 558 residents with a median age of 38.7. The median household income is $46,000 (46% lower than the New York median), the median home value is $90,400, the median rent is $729/month.
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
- 558
- Median age
- 38.7State: 39.8
- Median household income
- $46,000State: $85,974
- Median home value
- $90,400State: $423,800
- Median rent
- $729/moState: $1,621
- Homeowners
- 68.3%
- Bachelor's degree or higher
- 4.4%
- Average commute
- 17 min
Is Silver Springs a good place to live?
Pros: Home values 79% lower than the state median; an average commute of 17 minutes; unemployment of 5.5%; a poverty rate of 10%.
Cons: Median household income 46% lower than the New York median.
The weather is best in June to September.
Cost of living in Silver Springs
Housing is the biggest part of the cost of living. In Silver Springs the median home value is $90,400, 73% lower than the U.S. median. Renters pay a median of $729 per month, which is 40.3% of household income. Homeowners with a mortgage pay $1,073 a month in housing costs.
Silver Springs median household income
The median household income in Silver Springs is $46,000 and the income per person is $32,324. 10% of residents live below the poverty line (New York: 14%).
Housing in Silver Springs: homes for sale and rent
- Housing units
- 323
- Owner-occupied
- 68.3%
- Renter-occupied
- 31.7%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 1.82
Silver Springs demographics
- Population
- 558
- Median age
- 38.7
- Under 18
- 20.4%
- 65 and older
- 20.4%
- Households
- 306
- Foreign-born
- 5.2%
- Veterans
- 11.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Springs ›
Education in Silver Springs
4.4% of adults 25 and older in Silver Springs have a bachelor's degree or higher (New York: 40.2%), and 2.3% have a graduate or professional degree.
Jobs and commute in Silver Springs
- Unemployment rate
- 5.5%State: 6.4%
- Average commute
- 17 minState: 33 min
- Work from home
- 0%
- Drive alone
- 85.2%
- Public transit
- 0%
- Walk to work
- 8.6%
- Homes with broadband
- 71.2%
Silver Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Springs | 558 | $46,000 | $90,400 | $729 |
| Castile | 805 | $54,286 | $141,400 | $643 |
| Gainesville | 224 | $64,750 | $88,900 | $702 |
| Perry | 3,871 | $63,291 | $120,700 | $759 |
| Warsaw | 3,048 | $55,406 | $105,100 | $940 |
| Pike | 199 | $70,455 | $141,300 | — |
| Nunda | 1,242 | $54,779 | $134,800 | $753 |
| Bliss | 447 | $50,104 | $136,100 | $733 |
| Dalton | 397 | $73,949 | $103,100 | — |
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, NY?
The median household income in Silver Springs is $46,000, 46% lower than the New York median of $85,974 (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 $90,400, compared with $423,800 in New York.
How much is rent in Silver Springs?
The median gross rent in Silver Springs is $729 per month, about 40.3% of household income.
Is Silver Springs, NY a good place to live?
Pluses: home values 79% lower than the state median; an average commute of 17 minutes; unemployment of 5.5%; a poverty rate of 10%. Minuses: median household income 46% lower than the New York median.
What is the median age in Silver Springs?
The median age in Silver Springs is 38.7 years (New York: 39.8).
How long is the commute in Silver Springs?
The average commute to work in Silver Springs is 17 minutes; 0% of workers work from home.
What is the unemployment rate in Silver Springs?
The unemployment rate in Silver Springs is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver Springs?
4.4% 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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