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Silver Spring, MD

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
136
Very Expensive
Median Home Value
$619,400
National: $426,735
Median Rent
$1,899/mo
National: $1,527/mo
Household Income
$98,880
National: $84,532
Population
82,129
Purchasing Power
86
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
145 / 100
100 = national average
Rent Index
124 / 100
Overall Index
136
Very Expensive

Silver Spring Mortgage Calculator

Pre-filled with the local median home value of $619,400 and Maryland's property tax rate of 1.07%.

Salary & Purchasing Power

Median household income is $98,880 17% above the national average.

What $98,880 in Silver Spring Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$109,786+11%
Los Angeles, CA$123,600+25%
Chicago, IL$58,892-40%
Houston, TX$51,621-48%

Property Tax in Silver Spring, MD

Est. Annual Property Tax
$6,628
Monthly Impact
$552
Added to your mortgage
Effective Rate
1.07%
National avg: ~1.00%

Maryland Tax Overview

Tax TypeMarylandNational Avg
Property Tax Rate1.07%1.00%
Top Income Tax Rate5.75%~5.0%
State Sales Tax6%~5.0%

Compare Silver Spring to Another City

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Cost of Living Comparison

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Silver Spring, MD
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Silver Spring, MD: 145
Rent Prices
124
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR