Silver Spring, Maryland

Moving to or Living in Silver Spring Pros and Cons, Cost of Living, Crime Rate, Demographics

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

Explore the life in Silver Spring based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.

  1. Overview - Life In Silver Spring
  2. Pros and Cons of Living In Silver Spring
  3. Crime In Silver Spring
  4. Cost of Living In Silver Spring
  5. Gender In Silver Spring
  6. Household Income For Silver Spring
  7. Education In Silver Spring
  8. Race & Ethnicity In Silver Spring
About Silver Spring, Maryland
Is Silver Spring, Maryland a good place to live?
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.

A high school education is a basic prerequisite for most jobs, and in Silver Spring, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. 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. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Silver Spring, only 58% of adults have a bachelor's degree and 14% have some college but no degree.

Cost of living in Silver Spring is 147, which is 47% higher than national average. 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.
Population
81069
Unemployment
5.2%
11% NAT AVG.
Poverty
9.2%
34% NAT AVG.
Overall Score
7
Median Home
$526300
129% NAT AVG.
Median Income
$88274
31% NAT AVG.
Median Rent
$1682
45% NAT AVG.
Cost Of Living
147
47% NAT AVG.
People Living BPL
1 in 11
Unemployed People
1 in 19
People Earning < $10,000
1 in 29
People Earning < $50,000
28.2%
People with <= High School
1 in 3.6
People With Any Degree
1 in 1.6
Pros & Cons Overview

Jobs80%

Housing95%

Affordability40%

Safety100%

Amenities100%

Diversity100%

Education80%

Commute30%


Cost of Living
Expense Silver Spring Maryland National Avg.
Services 116 111 100
Groceries 116 114 100
Health 86 84 100
Housing 223 151 100
Transportation 116 109 100
Utilities 113 108 100
Cost of Living
Gender
Gender Silver Spring Maryland Country
Female 50.9% 51.5% 50.8%
Male 49.1% 48.5% 49.2%
Gender

Household Income


Income Silver Spring Maryland Country
Less than $10,000 3.5% 4.6% 5.8%
$10,000 to $14,999 2.3% 2.6% 4.1%
$15,000 to $24,999 5% 5.6% 8.5%
$25,000 to $34,999 7.1% 6.1% 8.6%
$35,000 to $49,999 10.3% 9.3% 12.0%
$50,000 to $74,999 15.1% 15.2% 17.2%
$75,000 to $99,999 12.5% 13% 12.8%
$100,000 to $149,999 19.2% 19.3% 15.6%
$150,000 to $199,999 11% 10.8% 7.1%
$200,000 or more 14% 13.4% 8.3%
Education


Education Silver Spring Maryland Country
< 9th Grade 9% 3% 5.0%
9-12th Grade 5% 6% 7.0%
High School or GED 14% 24% 27.0%
Other College 10% 19% 20.0%
Associate's Degree 4% 7% 9%
Bachelor's Degree 25% 22% 20.0%
Master's Degree 21% 13% 9.0%
Professional Degree 7% 3% 2.0%
Doctorate Degree 5% 3% 1.0%
Household Income
Education
Race / Ethnicity


Ethnicity Silver Spring Maryland Country
White 34.4% 50.2% 60.1%
African American 28.4% 29.4% 12.2%
American Indian 0.1% 0.2% 0.6%
Asian 7% 6.3% 5.6%
Hawaiian 0% 0% 0.2%
Other 0.3% 0.4% 0.3%
Multiracial 3.7% 3.3% 2.8%
Hispanic 26% 10.3% 18.2%
Race / Ethnicity