salaryRent is lower than in 71% of U.S. cities. A typical house costs about 4.6 years of household income. Commutes are long, about 33.7 minutes each way. Most homes (84.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $50,920 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other Nevada cities?
Yes. Rent here is cheaper than in most of Nevada. It is number 3 of 34 cities from cheapest to most expensive.
How much do households earn in Silver Springs?
Share of households by yearly income. 9.8% of households earn $100,000 or more.
Rent by apartment size in Silver Springs
| Size | Silver Springs | U.S. average |
|---|---|---|
| 2 bedrooms | $1,399 | $1,509 |
| 3 bedrooms | $1,276 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Silver Springs overall?
Everyday prices in Nevada overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Silver Springs, so the Nevada figure is shown.
Taxes and bills in Silver Springs
Life in Silver Springs
Is it cheaper to rent or buy in Silver Springs?
Renting is cheaper right now: about $423 a month less.
Owning assumes a typical $244,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,440 for the down payment.
Frequently asked questions
What is the average rent in Silver Springs, NV?
Renting in Silver Springs costs a median of about $1,273 a month in 2026, including utilities. The Nevada median is $1,742.
How much do I need to make to live in Silver Springs?
To keep rent under 30% of income, you need about $50,920 a year, or $24 an hour at a full-time job.
Is Silver Springs cheap or expensive?
Silver Springs is rated OK: rent takes 28.9% of the typical household income of $52,786. It ranks 3rd cheapest of 34 Nevada cities we track.
How much are property taxes in Silver Springs?
The median homeowner in Silver Springs pays $865 a year in property taxes, about 0.35% of the median home value.
Is Silver Springs more expensive than the national average?
Overall prices in Nevada are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Silver Springs?
The median home value in Silver Springs is $244,400, about 4.6 times the typical yearly household income.
5,060 people live in Silver Springs. Numbers are typical (middle) values.