Cost of Living in Silver Springs, AK
Population: 66 | Alaska
Silver Springs is 1% less expensive than the national average.
Cost of Living in Silver Springs, AK: What You Need to Know
With a cost of living index of 99, Silver Springs, AK is right around the national average in cost. Living here is 1% cheaper than the national average and 9% above the Alaska state average of 90. Silver Springs is a small community of 66 residents.
The median household income in Silver Springs is $130,208, which is 73% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Silver Springs. The area sees an average annual temperature of 28.2°F, with summers averaging 55°F and winters around 1°F. Annual rainfall totals 11.8 inches spread over roughly 101 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $130,208
- vs US Median ($75,149)
- +73%
Housing
- Median Home Value
- $269,600
- Median Monthly Housing Cost
- $1,425/mo
Climate in Silver Springs
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 5 | 16 | 28 | 44 | 58 | 67 | 69 | 65 | 54 | 36 | 15 | 8 |
| Avg °F | -3 | 6 | 15 | 33 | 46 | 55 | 58 | 54 | 44 | 27 | 7 | -0 |
| Low °F | -12 | -5 | 1 | 21 | 33 | 43 | 47 | 43 | 33 | 18 | -1 | -8 |
| Rain" | 0.7 | 0.7 | 0.3 | 0.2 | 0.8 | 1.4 | 1.7 | 1.9 | 1.4 | 1.0 | 0.9 | 0.8 |