Silver Spring, MD Cost of Living


18 Reviews



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Silver Spring cost of living score
138.5
More expensive
38.5% higher
than the US average
23.9% higher
than the Maryland average
Silver Spring, Maryland gets a BestPlaces Cost of Living score of 138.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 38.5% higher than the U.S. average and 23.9% lower than the average for Maryland.

Silver Spring, MD

Housing costs in Silver Spring?
A typical home costs $542,400, which is 60.4% more expensive than the national average of $338,100 and 39.8% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Silver Spring costs $1,960 per month, which is 37.1% more than the national average of $1,430 and 17.3% more than the state average of $1,620.

Can I afford Silver Spring?
To live comfortably in Silver Spring, Maryland, a minimum annual income of $104,040 for a family, and $68,800 for a single person is recommended.

What does A.I. say about Silver Spring?
Silver Spring gives you one of the most attractive options for inexpensive living found somewhere near Maryland's Montgomery County boasting plenty of features without too heavily impacting wallets. Median property values come in around the mid-$400s and rent typically lands close by approximately $1 < 700 dollars as standard - slightly pricier compared parts of The Old Line State such as Bethesda or Chevy Chase that are located significantly further eastward. Grocery stores similarly stay almost equal with United States levels due largely to local taxes & regulations while sales tax equals out unaltered at no less than 6%.
   Cost of living score
     CategoriesSilver SpringMarylandUnited States
  138.5111.8100.0
  112.7105.2100
  86.884.2100.0
  170.0124.1100.0
  $542,400$388,100$338,100
  109.4%105.6%100.0%
  140.9119.3100.0
  146.1112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Silver Spring
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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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