Silver Springs Shores, FL Cost Of Living
Cost Of Living In Silver Springs Shores, FL Summary
Cost of living in Silver Springs Shores research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Silver Springs Shores is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Silver Springs Shores is 95, with 100 being the average.
The cost of living index in Silver Springs Shores is 0.9x lower than the national average.
Silver Springs Shores ranks as the #164 cheapest in Florida out of 459.
Silver Springs Shores ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Silver Springs Shores is $138,000.
The median income in Silver Springs Shores is $47,658.
Table Of Contents
Silver Springs Shores's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Silver Springs Shores, FL?
According to the most recent data on the cost of living, Silver Springs Shores has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Florida, Silver Springs Shores has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Silver Springs Shores ranks as #164 most affordable out of the 459 places we measured in Florida. By definition, that implies Silver Springs Shores ranks as the #295 most expensive place in the Sunshine State.
For more reading on life in Silver Springs Shores, check out:
- Living In Silver Springs Shores
- Search Homes For Sale In Silver Springs Shores, FL
In Florida
In America
Silver Springs Shores Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Silver Springs Shores. Here is how it fairs on each of the criteria:
The Services index in Silver Springs Shores is 98.
The Groceries index in Silver Springs Shores is 117.
The Health index in Silver Springs Shores is 90.
The Housing index in Silver Springs Shores is 55.
The Transportation index in Silver Springs Shores is 96.
The Utilities index in Silver Springs Shores is 157.
| Living Expense | Silver Springs Shores | Florida | National Average | |
|---|---|---|---|---|
| Overall | 95 | 101 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 117 | 101 | 100 | |
| Health | 90 | 96 | 100 | |
| Housing | 55 | 108 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 157 | 100 | 100 | |
Silver Springs Shores, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Silver Springs Shores is $138,000.
The Median Rent in Silver Springs Shores is $1,087.
The Median Income in Silver Springs Shores is $47,658.
The Home Value To Income in Silver Springs Shores is 2.9x.
The Rent To Monthly Income in Silver Springs Shores is 0.27x.
| Statistic | Silver Springs Shores | Florida | United States |
|---|---|---|---|
| Median Home Value | $138,000 | $248,700 | $244,900 |
| Median Rent | $1,087 | $1,301 | $1,163 |
| Median Income | $47,658 | $61,777 | $69,021 |
| Home Value To Income | 2.9x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Silver Springs Shores, FL Costs By Category
Detailed Silver Springs Shores Services Costs Vs. Florida
| Item | Silver Springs Shores | Florida |
|---|---|---|
| Shampoo | $1.01 | $1.06 |
| Movie | $11.49 | $10.68 |
| Bowling | $17.39 | $14.67 |
| Haircut | $21.73 | $18.62 |
| Beauty Salon | $40.25 | $39.05 |
Detailed Silver Springs Shores Groceries Costs Vs. Florida
| Item | Silver Springs Shores | Florida |
|---|---|---|
| Ground Beef | $5.46 | $4.22 |
| Fried Chicken | $1.89 | $1.39 |
| Milk | $2.92 | $2.05 |
| Potatoes | $4.23 | $3.29 |
| Pizza | $9.13 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $2.16 | $2.34 |
Detailed Silver Springs Shores Health Costs Vs. Florida
| Item | Silver Springs Shores | Florida |
|---|---|---|
| Optometrist | $89.98 | $108.57 |
| Doctor | $91.27 | $116.17 |
| Dentist | $95.59 | $99.13 |
Detailed Silver Springs Shores Transportation Costs Vs. Florida
| Item | Silver Springs Shores | Florida |
|---|---|---|
| Gasoline | $2.1 | $2.22 |
| Tire Balancing | $52.85 | $50.07 |
Detailed Silver Springs Shores Utilities Costs Vs. Florida
| Item | Silver Springs Shores | Florida |
|---|---|---|
| All Electricity | $329.6 | $167.67 |
| Phone | $189.31 | $175.64 |
Silver Springs Shores SnackAbility
/10
Cost Of Living In Cities Around Silver Springs Shores
The cost of living varies in the cities and towns around Silver Springs Shores. Here's a quick look at the cost of living in the most populous nearby places:
The Villages, FL has a cost of living index of 108, 1.1x Silver Springs Shores.
Ocala, FL has a cost of living index of 99, 1.0x Silver Springs Shores.
Apopka, FL has a cost of living index of 95, 1.0x Silver Springs Shores.
| City | Population | Cost Of Living | Vs. Silver Springs Shores |
|---|---|---|---|
| The Villages, FL | 76,415 | 108 | 1.1x |
| Ocala, FL | 62,351 | 99 | 1.0x |
| Apopka, FL | 54,110 | 95 | 1.0x |
| Ocoee, FL | 46,562 | 101 | 1.1x |
| Winter Garden, FL | 45,978 | 103 | 1.1x |
| Altamonte Springs, FL | 45,732 | 94 | 1.0x |
| Leesburg, FL | 26,242 | 88 | 0.9x |
| Wekiwa Springs, FL | 24,049 | 108 | 1.1x |
| DeBary, FL | 22,015 | 95 | 1.0x |
| Lake Mary, FL | 16,459 | 111 | 1.2x |
