Silver Springs, NV

Full City Profile · Nevada · Storey County County

3.0 /5.0
B Good
5,523 Population 77/sq mi density
$53,105 Median Income $28,572 per capita
$238,100 Home Value $360,689 Zillow
$1,291 Median Rent 41.0% income on rent
57°F Avg Temperature
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$53,105 median income, 9.8% unemployment
A
Affordability
4.2 / 5.0
$238,100 home value, $1,291/mo rent
C
Education
2.1 / 5.0
13.5% bachelor's degree or higher

Silver Springs, NV

At a Glance

Median Income
$53,105
29% below
$28,572 per capita
Home Value
$238,100
16% below
Zillow: $360,689
Median Rent
$1,291/mo
11% above
41.0% of income on rent
Bachelor's Degree+
13.5%
60% below
80.9% high school+
Unemployment
9.8%
172% above
7.7% poverty rate
Obesity Rate
37.3%
16% above
20.8% smoking rate
Avg Temperature
57°F

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)

Income
71%
Home Value
84%
Rent
111%
Poverty
62%
Bachelor's
40%
Unemployment
272%
Thin vertical line = U.S. national average (100%)

Is Silver Springs a Good Place to Live?

B
3.0 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Silver Springs residents earn a median household income of $53,105 , which is 29% below the national average of $75,149. Per capita income is $28,572. The unemployment rate stands at 9.8% (172% above the U.S. rate of 3.6%). 7.7% of residents live below the poverty line. The area is home to 258 business establishments, including 21 restaurants.

Housing & Cost of Living

The median home value in Silver Springs is $238,100 , 16% below the national median of $281,900. Zillow estimates the typical home at $360,689. Median rent is $1,291/month, with 41.0% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1990.

Education

13.5% of adults in Silver Springs hold a bachelor's degree or higher (60% below the national average). 80.9% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

Silver Springs has an average annual temperature of 57°F (14°C). Winters average 36°F in January while summers reach 81°F in July. Annual precipitation totals 4.8 inches.

Data Overview

People

Population5,523
Median Age52.8 yrs
Density77/mi²
Male / Female56% / 44%
Foreign Born4.1%
Veterans13.7%

Economy

C+
Median Income$53,105
Per Capita$28,572
Unemployment9.8%
Poverty7.7%
County GDP$2,769M
Avg Weekly Wage$1,608

Housing

A
Home Value$238,100
Rent$1,291
Ownership80.2%
Zillow$360,689
Housing Units2,637
Rent Burden41.0%

Health

Obesity37.3%
Diabetes11.0%
Smoking20.8%
Heart Disease6.8%
Premature Death6,548/100K

Climate

Avg Temp57°F
Rain4.8 in/yr
Elevation4,172 ft

Education

C
Bachelor's+13.5%
High School+80.9%
Graduate+4.5%
School Score5.6/10

Community

2024 VoteR 69% / D 30%
Commute36 min
Broadband93.4%
Internet Speed47 Mbps
EV Stations4

Did You Know?

The median home in Silver Springs was built in 1990.
The nearest airport is Reno/Tahoe International (31 miles).
The Gini coefficient (income inequality) is 0.435 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
30.4% of the population has a disability.
The county recorded 3 fatal vehicle crashes.