20903 Silver Spring, MD is a popular area for renters due to its affordable 2 Bedroom rent of $1,820 compared to the US's average for 2 bedroom rent of $1,430, and its great grocery cost index of 110 as opposed to the US's 100. This area also has lots of activities and local attractions making it a desirable place for those looking to move there. Companies like Discovery Communications, American Nurses Association, REI Co-op and WSSC Water are based in Silver Spring while locals can visit places like AFI Silver Theatre & Cultural Center, National Park Seminary Historic District and Glen Echo Park with ease.
Silver Spring (zip 20903) has an unemployment rate of 5.7%. The US average is 6.0%.
Silver Spring (zip 20903) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Silver Spring (zip 20903)
- The Sales Tax Rate for Silver Spring (zip 20903) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Spring (zip 20903) is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Silver Spring (zip 20903)
- The average income of a Silver Spring (zip 20903) resident is $22,267 a year. The US average is $28,555 a year.
- The Median household income of a Silver Spring (zip 20903) resident is $74,607 a year. The US average is $69,021 a year.