Cost Of Living in Silver Springs, NY

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Silver Springs	New York	National
Cost of living	84	117	100
Goods & Services	102	108	100
Groceries	98	102	100
Health care	99	103	100
Housing	47	145	100
Transportation	108	105	100
Utilities	92	100	100

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Cost Of Living Quick Facts

The cost of living in Silver Springs is 28% lower than the New York average
The cost of living in Silver Springs is 16% lower than the national average
Silver Springs housing is 53% lower than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,969	$4,414	$1,236	$1,589
Renters	$23,080	$1,923	$538	$692

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	10.9%

Goods & Services

Item	Silver Springs	National avg.	Difference
Haircut	$26.78	$24.26	10.4%
Beauty Salon	$44.58	$45.56	2.2%
Toothpaste	$3.72	$3.70	0.4%
Shampoo	$1.70	$1.28	32.6%
Movie	$15.90	$12.13	31.0%
Bowling	$24.25	$18.00	34.7%

Groceries

Item	Silver Springs	National avg.	Difference
Ground Beef	$6.04	$5.84	3.5%
Fried Chicken	$1.55	$1.57	1.4%
Milk	$5.16	$4.67	10.5%
Potatoes	$5.21	$4.93	5.7%
Pizza	$13.16	$12.09	8.9%
Beer	$11.98	$10.41	15.1%

Health Care

Item	Silver Springs	National avg.	Difference
Optometrist	$124.25	$125.68	1.1%
Doctor	$154.18	$135.78	13.6%
Dentist	$124.68	$113.29	10.1%
Ibuprofen	$11.17	$10.65	4.8%
Lipitor	$398.58	$468.60	14.9%

Housing

Item	Silver Springs	National avg.	Difference
Home Price	$75,300.00	$184,700.00	59.2%
Avg. Mortgage Payment	$5,235.60	$2,346.69	123.1%
Apartment Rent	$574.00	$949.00	39.5%

Transportation

Item	Silver Springs	National avg.	Difference
Gasoline	$3.58	$3.46	3.6%
Tire Balancing	$59.33	$59.92	1.0%

Utilities

Item	Silver Springs	National avg.	Difference
All Electricity	$196.28	$193.99	1.2%
Phone	$200.67	$192.25	4.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Wadsworth, NY	181	101	0.7%
Kysorville, NY	47	101	0.7%
Hunt, NY	122	81	19.0%
Dalton, NY	446	82	18.3%
Pike, NY	296	78	22.1%
Silver Springs, NY	709	84	15.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Two Rivers, AK	709	138	37.8%
Hartford, IA	709	87	12.9%
Onaga, KS	709	83	17.3%
Conway, MO	709	76	24.1%
Welling, OK	709	80	20.2%
Silver Springs, NY	709	84	15.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Silver Springs, NY