Pros and Cons of Living In Silver Spring, Maryland. Is Silver Spring, MD a Nice Place To Live or Retire?

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Silver Spring, Maryland

Moving to Silver Spring In Maryland ? Is Silver Spring, MD a Nice Place To Live? Pros and Cons of Living in Silver Spring, Maryland. Find out the best and worst about to live, raise a family or retire in Silver Spring.

DEMOGRAPHICS

Population
81069
Unemployment
5.2%
11% NAT AVG.
Poverty
9.2%
34% NAT AVG.
Cost Of Living
147
47% NAT AVG.

ECONOMICS

Median Home Cost
$526300
129% NAT AVG.
Median Income
$88274
31% NAT AVG.
Median Rent
$1682
45% NAT AVG.
Overall Score
7

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 11
Unemployed People
1 in 19
People Earning < $10,000
1 in 29
People Earning < $50,000
28.2%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Silver Spring USA
White 34.4% 60.1%
African American 28.4% 12.2%
American Indian 0.1% 0.6%
Asian 7% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.7% 2.8%
Hispanic 26% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Silver Spring USA
Less than $10,000 3.5% 5.8%
$10,000 to $14,999 2.3% 4.1%
$15,000 to $24,999 5% 8.5%
$25,000 to $34,999 7.1% 8.6%
$35,000 to $49,999 10.3% 12.0%
$50,000 to $74,999 15.1% 17.2%
$75,000 to $99,999 12.5% 12.8%
$100,000 to $149,999 19.2% 15.6%
$150,000 to $199,999 11% 7.1%

EDUCATION

Education Silver Spring USA
< 9th Grade 9% 5.0%
9-12th Grade 5% 7.0%
High School or GED 14% 27.0%
Other College 10% 20.0%
Associate's Degree 4% 9%
Bachelor's Degree 25% 20.0%
Master's Degree 21% 9.0%
Professional Degree 7% 2.0%
Doctorate Degree 5% 1.0%
Silver Spring is a city in Maryland state in USA with a population of 81069 residents.. The poverty rate of Silver Spring is 9.2%, which is 34% lower than national average. The typical household in Silver Spring earns $88274 a year, compared to the national median of $67,500. Nearly 28.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Silver Spring remained 5.2%, which is 11% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Silver Spring is 147, which is 47% higher than national average. In Silver Spring, only 58% of adults have a bachelor's degree and 14% have some college but no degree. Median home value in Silver Spring is $526300 , which is 129% higher than national average. While median income in Silver Spring remained $88274, which is 31% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Silver Spring Scorecard

Jobs80%

Housing95%

Affordability40%

Safety100%

Amenities100%

Diversity100%

Education80%

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