Silver Springs, AK is a great place to live with an affordable cost of living. The 2 bedroom rent is $1,200, which is significantly less than the US average of $1,430. Additionally, the Grocery Cost Index in Silver Springs is 143 versus 100 in the US, making groceries more affordable for locals. Not only does Silver Springs offer a cost-effective lifestyle, but there are also plenty of local attractions and businesses. Some notable companies in the area include Alaska Oil & Gas Company and Alaska Bank. Visitors to Silver Springs can take advantage of many different activities such as hiking Big Rock Trail or kayaking at Wildwood Lake State Park. There are also lots of unique shops like Bear Paw Quilt Shop and art galleries like the Wild Rose Gallery for visitors to explore. All in all, Silver Springs provides a great quality of life for both residents and visitors alike!
Silver Springs has an unemployment rate of 10.0%. The US average is 6.0%.
Silver Springs has seen the job market decrease by -9.3% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Silver Springs
- The Sales Tax Rate for Silver Springs is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Springs is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Silver Springs
- The average income of a Silver Springs resident is $58,754 a year. The US average is $37,638 a year.
- The Median household income of a Silver Springs resident is $115,208 a year. The US average is $69,021 a year.