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%.