Cost of Living in Silver Springs Shores, FL

With a cost of living index of 86, Silver Springs Shores, FL is a very affordable place to live. Living here is 14% cheaper than the national average and 24% below the Florida state average of 110. With a population of 27,556, Silver Springs Shores is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Silver Springs Shores's cost of living. The median monthly rent is $1,231 (7% below the US median of $1,319), and the median home value sits at $181,800 (40% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Silver Springs Shores is $60,543, which is 19% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Shores. 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.