Zip 34488 (Silver Springs, FL) Economy


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United States / Florida / Ocala Metro Area / Marion County / No City / Silver Springs (zip 34488)
Silver Springs, FL is an ideal place to call home. Located in 34488 zip code, this area is known for its rich history, diverse culture and friendly community. It's also a great place to find affordable living; 2 bedroom rentals can be found at around $1,020 compared to the US average of $1,430. Grocery prices are also lower than the national average with a cost index of 96 versus 100 in the US. There are plenty of local businesses and amenities to choose from in Silver Springs such as Amaya Adventure Tours offering eco-adventures on the Silver River, B & W Dairy for farm fresh products and Big Red's Bar-B-Q for flavorful meals. With something for everyone, Silver Springs offers a unique and exciting experience with unbeatable convenience.

Silver Springs (zip 34488) has an unemployment rate of 5.5%. The US average is 6.0%.

Silver Springs (zip 34488) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.

Tax Rates for Silver Springs (zip 34488)
- The Sales Tax Rate for Silver Springs (zip 34488) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Springs (zip 34488) 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 (zip 34488)
- The average income of a Silver Springs (zip 34488) resident is $22,281 a year. The US average is $37,638 a year.
- The Median household income of a Silver Springs (zip 34488) resident is $41,969 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySilver Springs, FloridaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Silver Springs
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Over 4 years ago

I've lived here since 1989. It is less expensive to live here, I thought it would be a good place to raise children, I was wrong. The first 10 years it was like a very  More

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