Arctic Village, AK vs Silver Springs, AK
There is a significant gap in the cost of living between these two cities. Arctic Village is 19.2% cheaper than Silver Springs. With a cost index of 80 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Arctic Village to Silver Springs should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Arctic Village are $38,400 compared to $269,600 in Silver Springs, a 86% gap.
Median household income in Arctic Village is $39,750 compared to $130,208 in Silver Springs (-69.5%). While Silver Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.
Climate-wise, Silver Springs is notably warmer with an average of 28.2°F compared to 13.3°F in Arctic Village. Silver Springs receives more rainfall at 11.8" per year compared to 5.7" in Arctic Village.
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Climate
NOAA 30-year normals (1991-2020)