Silver Springs, FL
Population 2,640 · Florida
About Silver Springs, FL
Silver Springs is a small town located in Florida with a population of 2,640 residents according to the latest US Census Bureau American Community Survey data. The median household income is $32,228 per year, which is 57% below the national median of $75,149. The median age of 32.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Silver Springs features a median home value of $0, which is 100% below the national median of $244,900. This makes Silver Springs one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,143, 2% below the national average of $1,163/month. Of the 1,535 total housing units, 42% are owner-occupied (551 units) and 58% are renter-occupied (763 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Silver Springs shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 28.5%, above the national average of 12.4%. Workers in Silver Springs have an average one-way commute time of 25 minutes.
Education & Demographics
16.2% of Silver Springs residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 10.8% Black or African American, and 4.4% Asian residents, with 2.7% of the population being foreign-born.
Cost of Living in Silver Springs, FL
Compared to national averages, Silver Springs has a median household income of $32,228 (57% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,143 is 2% below the US average of $1,163. Within Florida, Silver Springs's income is 58% below the state average of $75,893, and home values are 100% below the state median of $353,675.
Why Live in Silver Springs, FL?
Silver Springs offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $1,143/month, and a strong job market with an unemployment rate of just 2.0%.
Potential considerations include median household income ($32,228) that falls below the national average. However, Silver Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Silver Springs has a population of 2,640 with a median age of 32.5 years. Compare Silver Springs with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Silver Springs
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Monticello | 2,627 | $44,920 | $192,500 | Compare |
| Silver Lake | 2,610 | $75,709 | $299,000 | Compare |
| Graceville | 2,609 | $33,068 | $106,300 | Compare |
| Eastpoint | 2,602 | $61,327 | $204,400 | Compare |
| Holley | 2,595 | $121,494 | $386,200 | Compare |
| Haverhill | 2,687 | $74,808 | $354,300 | Compare |
| Cleveland | 2,690 | $48,422 | $173,600 | Compare |
| Eatonville | 2,582 | $35,509 | $176,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Silver Springs With Other Cities
Frequently Asked Questions about Silver Springs
What is the population of Silver Springs, FL?
The population of Silver Springs, FL is 2,640 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Silver Springs?
The median household income in Silver Springs, FL is $32,228 per year, which is 57% below the national median of $75,149.
What is the median home value in Silver Springs?
The median home value in Silver Springs, FL is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Silver Springs?
The median monthly rent in Silver Springs, FL is $1,143, which is 2% below the national average of $1,163/month.
What is the unemployment rate in Silver Springs?
The unemployment rate in Silver Springs, FL is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Silver Springs, FL a good place to live?
Silver Springs offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,640 and a median age of 32.5, the city appeals to young professionals and families.
How educated is Silver Springs, FL?
16.2% of residents in Silver Springs aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Silver Springs?
Key cost-of-living indicators for Silver Springs, FL: median home value is $0 (100% below national), median rent is $1,143/month, and median household income is $32,228. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Silver Springs?
The poverty rate in Silver Springs, FL is 28.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Silver Springs, FL?
Silver Springs's population is 0.0% White, 0.0% Hispanic or Latino, 10.8% Black or African American, 4.4% Asian, and 35.3% two or more races. 2.7% of residents are foreign-born.