Silver Springs cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSilver SpringsAlaskaNational
Cost of living index116130100
IndexSilver SpringsAlaskaNational
Goods & Services index126119100
Groceries index132137100
Health care index143146100
Housing index100135100
Transportation index113129100
Utilities index100142100

Did you know?

  • The cost of living in Silver Springs is 11% lower than the Alaska average.
  • The cost of living in Silver Springs is 16% higher than the national average.
  • The cost of housing in Silver Springs is equal to the national average.
  • Alaska general sales tax is 100% lower than the national average.
  • Alaska state income tax is 100% lower than the national average.

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Compare Silver Springs, AK Cost of living To Other Cities

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This is how much you would need to earn in
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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,667$7,639$2,139$2,750
Renters$85,417$7,118$1,993$2,563

Alaska Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alaska0%7%

Alaska Income Tax

StateIncome Tax (Low)Income Tax (High)
Alaska0%0%

Goods & Services

ItemSilver SpringsNational avg.Difference
Haircut $20.65$15.5632.7%
Beauty Salon $48.69$36.1134.8%
Toothpaste $3.38$2.4736.7%
Shampoo $1.09$0.9613.0%
Movie $11.40$10.1312.6%
Bowling $4.69$4.741.0%

Groceries

ItemSilver SpringsNational avg.Difference
Ground Beef $5.81$3.9845.9%
Fried Chicken $1.63$1.4116.1%
Milk $2.26$2.069.5%
Potatoes $3.91$2.9831.1%
Pizza $10.99$9.4716.0%
Beer $10.38$8.7918.0%

Health Care

ItemSilver SpringsNational avg.Difference
Optometrist $195.09$101.0493.1%
Doctor $175.40$107.4463.3%
Dentist $135.20$90.4249.5%
Ibuprofen $10.12$9.289.0%
Lipitor $452.54$426.506.1%

Housing

ItemSilver SpringsNational avg.Difference
Home Price $185,700.00$175,700.005.7%
Avg. Mortgage Payment $1,748.13$1,133.2354.3%
Apartment Rent $792.00$920.0013.9%

Transportation

ItemSilver SpringsNational avg.Difference
Gasoline $2.32$1.9916.4%
Tire Balancing $48.21$45.765.4%

Utilities

ItemSilver SpringsNational avg.Difference
All Electricity$201.39$163.8122.9%
Phone $19.99$28.3929.6%
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, StatePopulationCost of Living IndexNational Avg.
Willow Creek, AK4612222%
Copper Center, AK37811010%
Glennallen, AK38911313%
Gulkana, AK10411616%
Tazlina, AK32311717%
Silver Springs, AK17011616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Loachapoka, AL17095-5%
Kinney, MN17083-17%
Whitfield CDP (Santa Rosa County), FL17091-9%
Elberon, IA17084-16%
Randolph, KS17082-18%
Silver Springs, AK17011616%
Source: The Silver Springs, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.