salaryRent is lower than in 52% of U.S. cities. A typical house costs about 4.9 years of household income. Commutes are long, about 32.9 minutes each way. Most households rent (80%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $64,120 a year. That is $31 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
Yes. Rent here is cheaper than in most of Maryland. It is number 35 of 200 cities from cheapest to most expensive.
How much do households earn in Silver Hill?
Share of households by yearly income. 13.6% of households earn $100,000 or more.
Rent by apartment size in Silver Hill
| Size | Silver Hill | U.S. average |
|---|---|---|
| Studio | $1,754 | $1,338 |
| 1 bedroom | $1,388 | $1,324 |
| 2 bedrooms | $1,743 | $1,509 |
| 3 bedrooms | $2,447 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Silver Hill overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Silver Hill, so the Maryland figure is shown.
Taxes and bills in Silver Hill
Life in Silver Hill
Is it cheaper to rent or buy in Silver Hill?
Renting is cheaper right now: about $640 a month less.
Owning assumes a typical $323,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,320 for the down payment.
Frequently asked questions
What is the average rent in Silver Hill, MD?
Renting in Silver Hill costs a median of about $1,603 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Silver Hill?
To keep rent under 30% of income, you need about $64,120 a year, or $31 an hour at a full-time job.
Is Silver Hill cheap or expensive?
Silver Hill is rated OK: rent takes 29.4% of the typical household income of $65,384. It ranks 35th cheapest of 200 Maryland cities we track.
How much are property taxes in Silver Hill?
The median homeowner in Silver Hill pays $3,213 a year in property taxes, about 0.99% of the median home value.
Is Silver Hill more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Silver Hill?
The median home value in Silver Hill is $323,200, about 4.9 times the typical yearly household income.
5,193 people live in Silver Hill. Numbers are typical (middle) values.