Zip 20903 (Silver Spring, MD) Cost of Living


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How much do I need to live in Silver Spring, Maryland?
$7,560 / month
for a family, 40.0% more expensive than the national average A total of $90,720 for the year for a family.
$5,333 / month
for a single person, 11.9% more expensive than the national average A total of $64,000 for the year for a single person.

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 (zip 20903), 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.

Zip 20903 (Silver Spring, MD)

Housing costs in Silver Spring?
A typical home costs $474,200, which is 40.3% more expensive than the national average of $338,100 and 22.2% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Silver Spring costs $1,820 per month, which is 12.3% more than the national average of $1,620 and close to the state average of $1,820.

Can I afford Silver Spring?
To live comfortably in Silver Spring (zip 20903), Maryland, a minimum annual income of $90,720 for a family, and $64,000 for a single person is recommended.

What does A.I. say about Silver Spring?
The cost of living in 20903 Silver Spring, MD is fairly high. This is due to its proximity to Washington D.C., which has a very high cost of living. On average, rents are quite expensive, with the median rent for a one-bedroom apartment coming in at $1,764 per month. Groceries and other everyday items such as transportation and utilities are also higher than average for the rest of the US. The overall cost of living index for this area is rated as 132.5, which is much higher than most cities across the US.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSilver SpringMarylandUnited States
    Unlock111.8100.0
  109.8  Unlock100.0
    Unlock84.2100.0
  167.4  Unlock100.0
    Unlock$388,100$338,100
  109.4  Unlock100.0
    Unlock119.3100.0
  149.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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