Cost of Living in Silver Spring, MD

Population: 82,129 • 2026 Data

$98,880
Median Household Income
+28% vs national
$1,899
Median Monthly Rent
+41% vs national
$619,400
Median Home Value
+83% vs national
4.9%
Unemployment Rate

Housing in Silver Spring

The median home value in Silver Spring, MD is $619,400. Monthly rent for a typical unit averages $1,899, while total monthly housing costs (including utilities and insurance) average $1,997.

Rent-to-income ratio: 23.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.

Income and Employment

The median household income in Silver Spring, MD is $98,880. The unemployment rate stands at 4.9%, with a labor force of 51,227 people.

Other Cities in Maryland

Baltimore, MD → Columbia, MD → Germantown, MD → Waldorf, MD → Frederick, MD → Ellicott City, MD → Glen Burnie, MD → Gaithersburg, MD →

Data Sources

All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.

Verify at data.census.gov