Housing costs in Silver Spring?
A typical home costs
$528,100, which is 56.2% more expensive than the national average of
$338,100 and 36.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Silver Spring costs
$1,680 per month, which is 3.7% more than the national average of
$1,620 and 8.3% cheaper than the state average of
$1,820.
Can I afford Silver Spring?
To live comfortably in Silver Spring (zip 20901), Maryland, a minimum annual income of
$101,160 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Silver Spring?
The cost of living in 20901 Silver Spring, MD is relatively high. Prices for housing, groceries, utilities, transportation and other goods and services are generally above the national average. Rent for a one-bedroom apartment in the city center can range from $1,500 to $2,000 per month. Groceries tend to be slightly more expensive than elsewhere in the country. Utilities such as electricity, gas and water tend to be higher than average as well. Transportation costs are also high due to the need for vehicles or access to public transportation systems like Metro or MARC trains. All in all, living in Silver Spring is more expensive than many other places, but its rich culture and vibrant atmosphere make it an enjoyable place to live and work.