Housing costs in Silver Spring?
A typical home costs
$408,800, which is 20.9% more expensive than the national average of
$338,100 and 68.4% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Silver Spring costs
$1,530 per month, which is 7.0% more than the national average of
$1,430 and 20.9% more than the state average of
$1,210.
Can I afford Silver Spring?
To live comfortably in Silver Spring, Pennsylvania, a minimum annual income of
$78,480 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Silver Spring?
Silver Spring, PA offers a cost of living that is slightly below the national average. The cost of housing is especially attractive with a median home value of just over $127,000 and monthly rent averaging around $800 for a one-bedroom apartment. Groceries and utilities are also low compared to the national average, making it an affordable place to live. For those who plan to travel within the area, transportation costs are usually quite inexpensive thanks to public transit options like buses and commuter rail. All in all, Silver Spring provides its residents with a great quality of life without breaking the bank.