Silver Springs, AK Profile: Facts & Data

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Silver Springs, Alaska - Basic Facts

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The Silver Springs CDP(1) had a population of 107 as of July 1, 2021. Silver Springs ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Alaska. See peer rankings below.

The primary coordinate point for Silver Springs is located at latitude 62.0193 and longitude -145.3583 in Copper River Borough. The formal boundaries for the Silver Springs Census Designated Place encompass a land area of 2.9 sq. miles and a water area of 0 sq. miles.

The Silver Springs Census Designated Place has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Silver Springs Census Designated Place is located within the of Copper River Borough. Census subareas are statistical subdivisions of the county equivalents used in Alaska (boroughs, city and boroughs, municipalities, and census areas) and are the statistical equivalent of Micro Civil Divisions (MCDs) used in other states.

Alternate Unofficial Names for Silver Springs: Silver Springs CDP.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Silver Springs 2021 Demographic Data
  2. Growth Rates for Silver Springs (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Alaska Research Tools (Easy Tools & Current Data)
  3. Alaska Data Comparison Tool - 2021 Demographics
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Silver Springs, AK Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 107 (100%)
Population in Households 107 (100.0%)
Population in Families 87 (81.3%)
Population in Group Quarters1 0
Population Density 42
Diversity Index2 60
 
 

INCOME

Median Household Income $72,801
Average Household Income $100,144
% of Income for Mortgage4 0%
Per Capita Income $37,605
Wealth Index5 116
 

HOUSING

Total HU (Housing Units) 68 (100%)
Owner Occupied HU 28 (41.2%)
Renter Occupied HU 14 (20.6%)
Vacant Housing Units 26 (38.2%)
Median Home Value $175,000
Average Home Value $267,241
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 42
Average Household Size 2.55
Family Households 28
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population -0.56% -1.15%
Households -0.41% -0.97%
Families -1.71% -1.47%
Median Household Income   0.6%
Per Capita Income   1.83%
Owner Occupied HU   -0.72%

Silver Springs, AK - Peer Comparisons by Rank and Percentile

The table below compares Silver Springs to the other 353 incorporated cities, towns and CDPs in Alaska by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 239 33rd
Population Density # 116 67th
Median Household Income # 49 86th
Housing Affordability Index # 12 3rd
Per Capita Income # 53 85th
Diversity Index # 71 80th

Additional comparisons and rankings can be made with a VERY EASY TO USE Alaska Census Data Comparison Tool.

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