Silver Spring, Maryland is a vibrant city located just outside of Washington DC. It has easy access to the metro and public transportation making it an attractive neighborhood for many. The two bedroom rent in Silver Spring is $2,130 per month which is higher than the US average of $1,430. Additionally, due to the fact that it's close vicinity to DC, grocery costs index in Silver Spring is 114 compared to 100 in the country as a whole.
The city of Silver Spring boasts a variety of local companies including Discovery Communications, Holy Cross Hospital and Montgomery County Government. There are also plenty of small businesses that make up this unique community such as Little Red Fox Coffeehouse, Cold Stone Creamery and Austin Grill Bar & Grill. With its convenient location and diverse offerings, Silver Spring makes a great place for families or individuals looking for their next home base.
Silver Spring (zip 20910) has an unemployment rate of 5.7%. The US average is 6.0%.
Silver Spring (zip 20910) 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 20910)
- The Sales Tax Rate for Silver Spring (zip 20910) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Spring (zip 20910) 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 20910)
- The average income of a Silver Spring (zip 20910) resident is $48,536 a year. The US average is $28,555 a year.
- The Median household income of a Silver Spring (zip 20910) resident is $101,124 a year. The US average is $69,021 a year.