Cost of Living in Silver Springs, NV
Population 5,523 · Nevada · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Silver Springs a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $238,000. Unemployment has stayed elevated relative to the national figure — 9.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Silver Springs is about 30 miles east of Sparks, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 48% lower than Sparks' $456,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Silver Springs
The median home value in Silver Springs is $238,100 — 22% below the national median of $305,000. Median rent runs $1,291/month, 2% lower than the national median of $1,314/month. The median household income of $53,105/year is 29% lower than the US median of $74,580. The local unemployment rate is 9.8%, above the national average of 4.8%. Nevada charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 69.9°F and lows of 37.6°F. Overall, Silver Springs has a cost of living index of 86 versus the US average of 100, meaning it is 14% less expensive.
Silver Springs has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 53 | 61 | 67 | 76 | 87 | 96 | 94 | 85 | 71 | 56 | 46 |
| Low °F | 22 | 25 | 31 | 35 | 44 | 51 | 58 | 55 | 48 | 36 | 26 | 20 |
| Precip" | 0.51 | 0.45 | 0.49 | 0.49 | 0.86 | 0.41 | 0.14 | 0.09 | 0.24 | 0.37 | 0.47 | 0.42 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Silver Springs, NV?
Silver Springs has a cost index of 86 (100 = national average). It is 14% below the national average.
What is average rent in Silver Springs, NV?
The median gross rent in Silver Springs is $1,291 per month based on 2023 Census data.
What is the average home price in Silver Springs?
The median home value in Silver Springs is $238,100 according to Zillow and Census data.
What is the median income in Silver Springs?
The median household income in Silver Springs is $53,105 per year (2023 ACS 5-year estimates).
What is the sales tax in Silver Springs, NV?
The combined state and local sales tax rate in Silver Springs is 8.2%. Nevada has no state income tax.
Is Silver Springs, NV affordable?
Yes, Silver Springs is generally considered affordable, with a cost of living index of 86 — about 14% below the US national average of 100.
What is the weather like in Silver Springs?
Silver Springs has average high temperatures of 69.9°F and average lows of 37.6°F. Annual precipitation is 4.9". Data from NOAA 1991–2020 Climate Normals.
Silver Springs at a Glance
- Population
- 5,523
- Median Income
- $53,105
- Home Value
- $238,100
- Median Rent
- $1,291/mo
- Unemployment
- 9.8%
- Avg High Temp
- 69.9°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Nevada Rankings
Similar Cost Cities
Cities in other states with comparable housing costs