Silver Springs Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Silver Springs, New York? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Silver Springs, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Silver Springs is $42,938.00.

The chart below shows the average household income by age in Silver Springs.

• Under 25
  $93,421.00
• 25 to 44
  $43,625.00
• 45 to 64
  $55,625.00
• 65 and over
  $23,125.00

Average Household Income

A very commonly asked question is "what is the average household income in Silver Springs, New York?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Silver Springs is $57,169.00.

0.00% of households in Silver Springs, New York are classed as high income households (making $200,000+ per year).

Household Income Tiers for Silver Springs

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Silver Springs, New York easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  23.73%
• $25,000 to $49,999
  32.88%
• $50,000 to $74,999
  11.86%
• $75,000 to $99,999
  16.27%
• $100,000 to $149,999
  9.49%
• $150,000 to $199,999
  5.76%
• $200,000 or more
  0.00%

Per Capita Income

The per capita income is the average income of all people in Silver Springs, New York. This is calculated by dividing the total income of all people in Silver Springs by the total number of people in Silver Springs.

It differs from the average or mean household income because it includes all people in Silver Springs and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Silver Springs, New York is $27,582.00.

Population in Silver Springs by Race and Ethnicity

The total population in Silver Springs is currently 615 people.

The race and ethnicity of the population in Silver Springs can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Silver Springs, New York.

• 0.00% White
  0
• 93.00% Black/African American
  572
• 87.20% Native
  536
• 2.80% Hispanic
  17
• 2.40% Asian
  15
• 0.00% Hawaiian/Pacific Islander
  0
• 0.00% Two or more races
  0
• 0.00% Other
  0

Population of Silver Springs by Age and Gender

Another very important demographics statistic for Silver Springs, New York is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Silver Springs, New York.

• Master's degree or higher
  2.38%
• Bachelor's degree
  7.14%
• Some college or associate's degree
  16.67%
• High school diploma or equivalent
  70.95%
• Less than high school diploma
  2.86%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Silver Springs because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Silver Springs look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Silver Springs, New York that are over the age of 16.

The current population in Silver Springs that are over the age of 16 is 470 people.

The unemployment rate in Silver Springs is 4.50%, which means 14 people are unemployed.

Median Age in Silver Springs

The median age is an interesting metric because it gives us an idea of the age distribution of people in Silver Springs, New York. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Silver Springs is 34.4 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Silver Springs

34.4

Total

30.9

Male

34.9

Female

Households and Families

There are a total of 295 households in Silver Springs, and the average household size is 2.08 people.

For families, the total number is 153, and the average family size is 2.8 people.

10.50% of those families in Silver Springs, New York are living below the poverty line.

The table below shows the poverty thresholds for Silver Springs in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Silver Springs, New York for each type, as well as the average sizes.

Housing Data in Silver Springs

There are total of 324 housing units in Silver Springs, New York. Of those units, 295 (91.05%) are occupied, and 29 (8.95%) are vacant.

Rental Rates

Of the 324 housing units in Silver Springs, 120 (37.04%) are occupied by renters. The median rent paid by renters is $650.00.

Owner occupied housing units make up the remaining 54.01% of housing units, with 175 housing units in total.

The table below breaks down how much rent is paid by renters in Silver Springs, New York.

• No rent paid
  0
• Less than $500
  40
• $500 to $999
  60
• $1,000 to $1,499
  20
• $1,500 to $1,999
  0
• $2,000 to $2,499
  0
• $2,500 to $2,999
  0
• $3,000 or more
  0

Property Values

The median value of a property in Silver Springs is $95,800.00.

The table below breaks down the range of valuations for all properties in Silver Springs.

• Less than $50,000
  14
• $50,000 to $99,999
  87
• $100,000 to $149,999
  67
• $150,000 to $199,999
  3
• $200,000 to $299,999
  4
• $300,000 to $499,999
  0
• $500,000 to $999,999
  0
• $1,000,000 or more
  0

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Silver Springs, New York.

• 1939 or earlier
  129
• 1940 to 1949
  2
• 1950 to 1959
  27
• 1960 to 1969
  31
• 1970 to 1979
  47
• 1980 to 1989
  29
• 1990 to 1999
  35
• 2000 to 2009
  7
• 2010 to 2013
  17
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Silver Springs has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  46
• 1 vehicle available
  96
• 2 vehicles available
  123
• 3 or more vehicles available
  30

Commuting to Work in Silver Springs

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Silver Springs, New York, how they commute, and how that correlates to other data points.

The average travel time is 20.6 minutes, and the chart below covers the range of travel times across the population of Silver Springs.

• Less than 5 minutes
  10
• 5 to 9 minutes
  24
• 10 to 14 minutes
  67
• 15 to 19 minutes
  110
• 20 to 24 minutes
  4
• 25 to 29 minutes
  15
• 30 to 34 minutes
  20
• 35 to 39 minutes
  6
• 40 to 44 minutes
  7
• 45 to 59 minutes
  7
• 60 to 89 minutes
  24
• 90 or more minutes
  2

We can also look at the means of transport in Silver Springs to see which modes of transport people are using to commute to work.

• Drove alone
  250
• Carpooled
  24
• Public transportation
  0
• Walked
  21
• Other means
  1
• Worked from home
  2

Conclusion

Hopefully this article has given you the demographics data you were looking for in Silver Springs, New York.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Silver Springs.

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