Silver Springs, NY vs Waterville, NY

Silver Springs is moderately more affordable than Waterville, with a 7.4% lower cost of living index. Silver Springs scores 66 compared to 71 for Waterville, where the US average is 100. This difference means residents of Waterville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Silver Springs is $742/month compared to $852/month in Waterville — a 13% difference. Home values follow the same pattern: Silver Springs is more affordable at $88,800 median vs $158,300.

Median household income in Silver Springs is $43,958 compared to $76,125 in Waterville (-42.3%). While Waterville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Silver Springs spend roughly 20.3% of their income on rent, more than the 13.4% in Waterville.