Silver Springs, NY
Population 569 · New York
About Silver Springs, NY
Silver Springs is a small community located in New York with a population of 569 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,958 per year, which is 42% below the national median of $75,149. The median age of 38.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Silver Springs features a median home value of $88,800, which is 64% 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 $742, 36% below the national average of $1,163/month. Of the 322 total housing units, 67% are owner-occupied (197 units) and 33% are renter-occupied (97 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Silver Springs shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 9.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Silver Springs have an average one-way commute time of 18.3 minutes, one of the shorter commutes in the region.
Education & Demographics
5.1% 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, 0.7% Hispanic or Latino, 7.2% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Silver Springs, NY
Compared to national averages, Silver Springs has a median household income of $43,958 (42% below the national median of $75,149). Home values average $88,800, which is 64% below the national median. Monthly rent at $742 is 36% below the US average of $1,163. Within New York, Silver Springs's income is 55% below the state average of $96,987, and home values are 77% below the state median of $387,181.
Why Live in Silver Springs, NY?
Silver Springs offers affordable housing with a median home value of $88,800, below the US average of $244,900, and rent that’s lower than the national average at $742/month, and a low poverty rate of 9.8%, better than the national average. Additionally, the city features short commute times averaging just 18.3 minutes.
Potential considerations include median household income ($43,958) 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 569 with a median age of 38.3 years. Compare Silver Springs with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Silver Springs
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Chazy | 572 | $90,132 | $0 | Compare |
| Brasher Falls | 564 | $41,354 | $120,000 | Compare |
| Edwards | 564 | $75,547 | $71,900 | Compare |
| Hammondsport | 564 | $70,521 | $189,200 | Compare |
| Fonda | 562 | $54,375 | $100,000 | Compare |
| Wampsville | 562 | $75,833 | $158,400 | Compare |
| Au Sable Forks | 559 | $53,352 | $168,800 | Compare |
| Roscoe | 558 | $72,885 | $202,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Silver Springs, NY is 569 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Silver Springs?
The median household income in Silver Springs, NY is $43,958 per year, which is 42% below the national median of $75,149.
What is the median home value in Silver Springs?
The median home value in Silver Springs, NY is $88,800, which is 64% 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, NY is $742, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Silver Springs?
The unemployment rate in Silver Springs, NY is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Silver Springs, NY a good place to live?
Silver Springs offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 569 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Silver Springs, NY?
5.1% 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, NY: median home value is $88,800 (64% below national), median rent is $742/month, and median household income is $43,958. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Silver Springs?
The poverty rate in Silver Springs, NY is 9.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Silver Springs, NY?
Silver Springs's population is 0.0% White, 0.7% Hispanic or Latino, 7.2% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.