2025 Compare Cities Economy:
Richmond, VA vs Silver Spring, MD

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Highlights
- Household income in Silver Spring, is 68% more than it is in Richmond and is 25% above the National Average.
- Richmond unemployment rate is 7.1%.
- Silver Spring unemployment rate is 5.7%.
 Richmond, VASilver Spring, MDUnited States
 Unemployment Rate  Unlock5.7%6.0%
 Recent Job Growth  Unlock0.8%1.6%
 Future Job Growth37.1%  Unlock33.5%
 Sales Taxes5.3%  Unlock6.2%
 Income Taxes  Unlock8.0%4.6%
 Income per Cap.$38,132  Unlock$37,638
 Household Income  Unlock$91,970$69,021
 Family Median Income$72,604  Unlock$85,028
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 Est. Households By Income
 Richmond, VASilver Spring, MDUnited States
 Income Less Than 15K  Unlock4.7%9.4%
 Income between 15K and 20K5.4%  Unlock3.8%
 Income between 20K and 30K  Unlock6.3%8.1%
 Income between 30K and 40K9.6%  Unlock8.0%
 Income between 40K and 50K  Unlock7.1%7.6%
 Income between 50K and 60K8.1%  Unlock7.2%
 Income between 60K and 75K  Unlock9.0%9.6%
 Income between 75K and 100K11.3%  Unlock12.8%
 Income between 100K and 150K  Unlock18.8%16.3%
 Income between 150K and 200K5.2%  Unlock7.8%
 Income greater than 200K  Unlock15.5%9.5%
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 Population By Occupation
 Richmond, VASilver Spring, MDUnited States
 Management, business, finance16.7%  Unlock16.4%
 Engineering, computers, science  Unlock15.1%6.5%
 Community, social services2.7%  Unlock1.8%
 Legal  Unlock3.7%1.2%
 Education, library6.9%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.3%2.0%
 Healthcare practitioners and technology6.1%  Unlock6.2%
 Healthcare support  Unlock2.4%3.3%
 Firefighters, law enforcement2.7%  Unlock2.1%
 Food preparation, serving  Unlock4.1%5.4%
 Building maintenance4.0%  Unlock3.6%
 Personal care  Unlock4.5%2.6%
 Sales, office, administrative support19.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair6.0%  Unlock8.1%
 Production, transportation, material moving  Unlock6.6%13.1%
Reviews for Richmond    109 Reviews

Over 3 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 4 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 4 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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Reviews for Silver Spring    18 Reviews

Growing up in Silver Spring, my family and I have been residents for the better part of 25 years. Although some of the development has been great (Discovery Channel, new  More

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What a delightful school! The first time we drove up to the school, our first impression was of the charming shaded playground with wooden structures and surrounding  More

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What a delightful school! The first time we drove up to the school, our first impression was of the charming shaded playground with wooden structures and surrounding  More

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