Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Health & Safety
Accessible health facilities like hospitals, doctors offices, clinics and nursing homes as well as good air quality are all factors that have led to a high score in this category.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Employment
This area earns a low score in the employment category due to low household income levels and high unemployment rates, which may pose challenges in seeking job opportunities.
Schools
The low schools score might be a result of factors like lower than average education levels, lackluster reading and math scores and the inaccessibility of local elementary and high schools.
Located in the state of Nevada, Silver Springs is a small city with a population of 4,910 residents. In Silver Springs, there are 69 people per square mile, which is about average when compared to the national population density average. According to the most recent Census, 91% of Silver Springs residents are White, 1% Asian and 1% American Indian and Alaskan. Silver Springs is considered to be a city with an aging population. The average age of all residents is 52, which is well beyond the United States median age average. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Silver Springs offers up a higher than average one way commute time of 37 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Silver Springs could be a positive experience compared to other cities in Nevada if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like amenities, cost of living, employment and other key data points, finding the best places to live in Silver Springs and in the areas around Silver Springs is a much easier task.
Silver Springs has a livability score of 64 out of 100 and is ranked #51 in Nevada and #11,579 in the USA. For each of the livability categories, we see that Silver Springs ranks very well for cost of living (A+) and housing (A+). There is at least one category that did not score well in Silver Springs. The following was graded with a less than perfect score: amenities (F), education (F) and employment (F).
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Silver Springs market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Silver Springs. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Silver Springs are affordable. The median home price for Silver Springs homes is $153,200, which is 20% lower than the Nevada average. If we take a closer look at the affordability of homes in Silver Springs, we’ll see that the home price to income ratio is 3.6, which is 0% lower than the Nevada average.
| Statistic | Silver Springs | Nevada | National |
| Average one way commute | 37min | 24min | 26min |
| Workers who drive to work | 86.9% | 78.0% | 76.4% |
| Workers who carpool | 9.9% | 10.7% | 9.3% |
| Workers who take public transit | 2.3% | 3.6% | 5.1% |
| Workers who bicycle | 0.0% | 0.4% | 0.6% |
| Workers who walk | 0.0% | 2.1% | 2.8% |
| Working from home | 0.9% | 3.6% | 4.6% |
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