Silver Springs Shores, Florida Income Statistics
Silver Springs Shores Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Silver Springs Shores Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Silver Springs Shores | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,114 | $74,580 | $80,455 |
| Median Personal Income | $41,998 | $52,322 | $60,758 |
| Average Yearly Income Growth | 7.4% | 5.4% | 4.8% |
| Six-Figure Earners | 3.4% | 11.6% | 13.9% |
| $200k+ Households | 1.9% | 11.0% | 13.2% |
The median household income in Silver Springs Shores is about 13% lower than in Florida. Income has been growing faster in Silver Springs Shores (7.4%/yr) than in Florida (5.4%/yr).
About 3% of adults in Silver Springs Shores earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Silver Springs Shores, Florida grew by 56.7% from 2009 to 2024, reaching $65,114 in 2024. That's an average of about 7.4% per year.
Silver Springs Shores has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2009, at 19% lower. The gap has held fairly steady over the period.
Income Distribution in Silver Springs Shores
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 2,328 households (24.5% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 22.6% of households in Silver Springs Shores had an income under $35,000 and 5.4% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Silver Springs Shores has a larger share of households earning $35,000 to $49,999 (16.7% vs 10.1%) and a smaller share earning $200,000 or more (1.9% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 480 | 5.1% | 5.1% |
| $10,000 to $14,999 | 438 | 4.6% | 3.5% |
| $15,000 to $24,999 | 651 | 6.9% | 6.4% |
| $25,000 to $34,999 | 573 | 6.0% | 6.7% |
| $35,000 to $49,999 | 1,585 | 16.7% | 10.1% |
| $50,000 to $74,999 | 1,863 | 19.6% | 15.5% |
| $75,000 to $99,999 | 1,567 | 16.5% | 12.6% |
| $100,000 to $149,999 | 1,820 | 19.2% | 17.4% |
| $150,000 to $199,999 | 328 | 3.5% | 9.5% |
| $200,000 or more | 180 | 1.9% | 13.2% |
Shares are of all 9,485 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 728 residents (3.4% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 3.9% of residents who have any income.
In 2024, 12.2% of Silver Springs Shores residents aged 15 and over reported no personal income, 34.1% had some income but less than $25,000, and 9.3% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Silver Springs Shores has a larger share of residents earning $35,000 to $49,999 (18.3% vs 12.6%) and a smaller share earning $100,000 or more (3.4% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,580 | 12.2% | 12.8% |
| $1 to $9,999 | 2,923 | 13.8% | 11.2% |
| $10,000 to $14,999 | 2,026 | 9.5% | 7.0% |
| $15,000 to $24,999 | 2,285 | 10.8% | 10.5% |
| $25,000 to $34,999 | 2,270 | 10.7% | 9.5% |
| $35,000 to $49,999 | 3,891 | 18.3% | 12.6% |
| $50,000 to $74,999 | 3,269 | 15.4% | 14.3% |
| $75,000 to $99,999 | 1,244 | 5.9% | 8.2% |
| $100,000 or more | 728 | 3.4% | 13.9% |
Shares are of the 21,216 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 12.2% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Silver Springs Shores
| Metric | Silver Springs Shores | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.551 | 0.552 |
| Male Median Income | $51,610 | $60,595 | $69,667 |
| Female Median Income | $40,314 | $50,762 | $56,850 |
| Gender Pay Gap | 21.9% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Silver Springs Shores, it is 0.504, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 28% more than women's income in Silver Springs Shores, Florida. Over a 35-year career, a 28% wage gap accumulates to roughly $395,360 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Silver Springs Shores, Florida has widened from about 15% to 22% in 2024. Over that period the gap was widest at 29% in 2013, and was narrowest at 6% in 2019. In dollar terms, the gap has widened by $6,351 since 2009.
Sharply against the trend: the pay gap in Silver Springs Shores widened by 7.3 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Silver Springs Shores | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 14.0% | 15.7% | 15.0% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 508 people are unemployed in Silver Springs Shores, Florida.
The average commute time in Silver Springs Shores is 25 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Silver Springs Shores, Florida has fallen from 9.9% to 4.0% in 2024. Over that period the rate peaked at 13.1% in 2015 and fell as low as 3.5% in 2023.
Silver Springs Shores started 1.2 points above the U.S. unemployment rate in 2011 but had dropped below it by 2022, and has not been above it since. In 2024 its rate was 1.2 points lower.
Silver Springs Shores, FL Wealth Compared With Nearby Cities
How Silver Springs Shores, FL compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Silver Springs Shores, FL | 26,805 | $65,114 #1/2 | 7.4%/yr #1/2 | 4.0% #1/2 | 0.504 #1/2 |
| Ocala, FL | 65,969 | $53,073 | 4.9%/yr | 5.1% | 0.535 |
Conclusion
Considering all these factors, Silver Springs Shores, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Silver Springs Shores, Florida.
How Rich Is Silver Springs Shores, Florida?
Silver Springs Shores has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $65,114, about 13% lower than the Florida average of $74,580.
How has median household income changed in Silver Springs Shores, Florida?
Between 2009 and 2024, the median household income in Silver Springs Shores, Florida rose 57%, from $41,563 to $65,114. Over the same years, income here kept pace with Florida as a whole: +57% against +57%.
What was the median household income in Silver Springs Shores in 2023?
In 2023, the median household income in Silver Springs Shores, Florida was $61,140, up 11% from $55,232 in 2022. The Florida median that year was $71,864.
What was the median household income in Silver Springs Shores in 2020?
In 2020, the median household income in Silver Springs Shores, Florida was $50,663. By 2024 it had risen 29% to $65,114.
What is the Gini coefficient in Silver Springs Shores, Florida?
The Gini coefficient in Silver Springs Shores is 0.504. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Silver Springs Shores, Florida?
Since 2009, the income gap between men and women in Silver Springs Shores, Florida has widened from about 15% to 22% in 2024. Over that period the gap was widest at 29% in 2013, and was narrowest at 6% in 2019. In dollar terms, the gap has widened by $6,351 since 2009.
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