Silver Springs, NV
Population 5,523 · Nevada
About Silver Springs, NV
Silver Springs is a small town located in Nevada with a population of 5,523 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,105 per year, which is 29% below the national median of $75,149. The median age of 52.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Silver Springs features a median home value of $238,100, which is 3% below the national median of $244,900. This positions Silver Springs in a moderately priced market relative to the rest of the country. Median monthly rent is $1,291, 11% above the national average of $1,163/month. Of the 2,662 total housing units, 80% are owner-occupied (1,875 units) and 20% are renter-occupied (462 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Silver Springs shows an unemployment rate of 9.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.2%, above the national average of 12.4%. Workers in Silver Springs have an average one-way commute time of 35.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
13.5% 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 4.3% White, 5.7% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 4.1% of the population being foreign-born.
How Silver Springs Ranks in Nevada
Cost of Living in Silver Springs, NV
Compared to national averages, Silver Springs has a median household income of $53,105 (29% below the national median of $75,149). Home values average $238,100, which is 3% below the national median. Monthly rent at $1,291 is 11% above the US average of $1,163. Within Nevada, Silver Springs's income is 35% below the state average of $81,841, and home values are 45% below the state median of $433,389.
Why Live in Silver Springs, NV?
Silver Springs offers affordable housing with a median home value of $238,100, below the US average of $244,900.
Potential considerations include median household income ($53,105) 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 5,523 with a median age of 52.8 years. Compare Silver Springs with other cities to see how it stacks up, or explore all cities in Nevada.
Similar Cities Near Silver Springs
Cities in Nevada with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Indian Hills | 5,772 | $77,881 | $469,700 | Compare |
| Gardnerville | 5,811 | $67,878 | $504,200 | Compare |
| Nellis AFB | 4,755 | $67,036 | $0 | Compare |
| Johnson Lane | 6,405 | $105,871 | $708,200 | Compare |
| West Wendover | 4,507 | $47,394 | $0 | Compare |
| Lemmon Valley | 4,385 | $91,132 | $356,700 | Compare |
| Moapa Valley | 6,699 | $83,571 | $360,600 | Compare |
| Battle Mountain | 3,957 | $78,149 | $205,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nevada
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, NV?
The population of Silver Springs, NV is 5,523 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Nevada.
What is the median household income in Silver Springs?
The median household income in Silver Springs, NV is $53,105 per year, which is 29% below the national median of $75,149.
What is the median home value in Silver Springs?
The median home value in Silver Springs, NV is $238,100, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Silver Springs?
The median monthly rent in Silver Springs, NV is $1,291, which is 11% above the national average of $1,163/month.
What is the unemployment rate in Silver Springs?
The unemployment rate in Silver Springs, NV is 9.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Silver Springs, NV a good place to live?
Silver Springs offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 5,523 and a median age of 52.8, the city appeals to established professionals and retirees.
How educated is Silver Springs, NV?
13.5% 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, NV: median home value is $238,100 (3% below national), median rent is $1,291/month, and median household income is $53,105. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Silver Springs?
The poverty rate in Silver Springs, NV is 16.2%, 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, NV?
Silver Springs's population is 4.3% White, 5.7% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.5% two or more races. 4.1% of residents are foreign-born.