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Silver Springs, AB
Full City Profile · Alberta
Silver Springs, AB
At a Glance
How Silver Springs Compares to the U.S. Average
Each bar shows Silver Springs's value as a percentage of the national average (100% = U.S. avg)
Is Silver Springs a Good Place to Live?
Economy & Jobs
Silver Springs residents earn a median household income of $82,896 , which is 10% above the national average of $75,149. Per capita income is $50,913. The unemployment rate stands at 5.1% (42% above the U.S. rate of 3.6%). 12.9% of residents live below the poverty line. The area is home to 266 business establishments.
Housing & Cost of Living
The median home value in Silver Springs is $290,615 , 3% above the national median of $281,900. Median rent is $1,091/month, with 27.6% of renters spending more than 30% of income on housing.
Education
32.9% of adults in Silver Springs hold a bachelor's degree or higher (2% below the national average). 87.4% have completed high school.
Climate & Weather
Silver Springs has an average annual temperature of 42°F (5°C). Winters average 23°F in January while summers reach 63°F in July. The area gets 295 sunny days per year. Annual precipitation totals 17.6 inches.