salaryRent is higher than in 73% of U.S. cities. A typical house costs about 6.0 years of household income. Commutes are long, about 34 minutes each way. Most households rent (62%), so there are plenty of rental options. It is a highly educated city: 60.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $83,960 a year. That is $40 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
No. Rent here is more expensive than in most of Maryland. It is number 111 of 200 cities from cheapest to most expensive.
How much do households earn in Silver Spring?
Share of households by yearly income. 40.3% of households earn $100,000 or more.
Rent by apartment size in Silver Spring
| Size | Silver Spring | U.S. average |
|---|---|---|
| Studio | $1,751 | $1,338 |
| 1 bedroom | $1,891 | $1,324 |
| 2 bedrooms | $2,104 | $1,509 |
| 3 bedrooms | $2,719 | $1,698 |
| 4 bedrooms | $3,366 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Silver Spring 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 Spring, so the Maryland figure is shown.
Taxes and bills in Silver Spring
Life in Silver Spring
Is it cheaper to rent or buy in Silver Spring?
Renting is cheaper right now: about $2,365 a month less.
Owning assumes a typical $643,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $64,330 for the down payment.
Frequently asked questions
What is the average rent in Silver Spring, MD?
Renting in Silver Spring costs a median of about $2,099 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Silver Spring?
To keep rent under 30% of income, you need about $83,960 a year, or $40 an hour at a full-time job.
Is Silver Spring cheap or expensive?
Silver Spring is rated OK: rent takes 23.4% of the typical household income of $107,699. It ranks 111th cheapest of 200 Maryland cities we track.
How much are property taxes in Silver Spring?
The median homeowner in Silver Spring pays $5,360 a year in property taxes, about 0.83% of the median home value.
Is Silver Spring 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 Spring?
The median home value in Silver Spring is $643,300, about 6.0 times the typical yearly household income.
81,462 people live in Silver Spring. Numbers are typical (middle) values.