Cost of Living in Silver Springs, FL

With a cost of living index of 93, Silver Springs, FL is slightly more affordable than average. Living here is 7% cheaper than the national average and 17% below the Florida state average of 110. Silver Springs is a small community of 2,640 residents.

The median household income in Silver Springs is $32,228, which is 57% lower than the national median of $75,149. Residents spend roughly 43% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Silver Springs. The area sees an average annual temperature of 72.8°F, with summers averaging 83°F and winters around 61°F. Annual rainfall totals 43.8 inches spread over roughly 122 days.

Everyday prices in the Ocala, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.