Silver Spring, MD Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
146
Silver Spring's Overall Cost Of Living
1.5x
Higher Than The National Average
164 out of 188
In Maryland
5,748 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Silver Spring is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Silver Spring, MD?

According to the most recent data on the cost of living, Silver Spring has an overall cost of living index of 146 which is 1.5x higher than the national index of 100.

Compared to only Maryland, Silver Spring has a cost of living index that's 1.2x higher than Maryland's index of 121.

The standard of living in Silver Spring ranks as #5,752 most affordable out of the 6,522 places we measured in Maryland. By definition, that implies Silver Spring ranks as the #655 most expensive place in the Old Line State.

For more reading on life in Silver Spring, check out:

Silver Spring Cost Of Living Vs. Maryland

Living Expense Silver Spring Maryland National Average
Overall 146 121 100
Services 112 108 100
Groceries 122 119 100
Health 88 86 100
Housing 225 150 100
Transportation 114 108 100
Utilities 112 108 100
For more reading on cost of living around Maryland, check out:
Silver Spring Cost of Living Vs. MD

Silver Spring, MD Housing Cost Breakdown

Housing swings affordability the most between places in Maryland, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$516,900
Median Home Value
$1,665
Median Rent
$83,782
Median Income
Statistic Silver Spring Maryland United States
Median Home Value $516,900 $314,800 $217,500
Median Rent $1,665 $1,392 $1,062
Median Income $83,782 $84,805 $62,843
Home Value To Income 6.2x 3.7x 3.5x
Rent To Monthly Income 0.24x 0.2x 0.2x

Detailed Silver Spring Services Costs Vs. Maryland

Item Silver Spring Maryland
Shampoo $1.79 $1.01
Movie $12.5 $10.72
Bowling $18.5 $13.86

Detailed Silver Spring Groceries Costs Vs. Maryland

Item Silver Spring Maryland
Ground Beef $5.16 $3.9
Fried Chicken $1.99 $1.4
Milk $2.99 $1.96

Detailed Silver Spring Health Costs Vs. Maryland

Item Silver Spring Maryland
Haircut $31.21 $17.49
Beauty Salon $62.71 $38.17
Toothpaste $3.04 $2.32

Detailed Silver Spring Transportation Costs Vs. Maryland

Item Silver Spring Maryland
Potatoes $4.59 $3.18
Pizza $11.99 $10.39
Beer $10.99 $9.23
Optometrist $75.0 $106.34
Doctor $97.0 $115.25
Dentist $87.0 $98.38

Detailed Silver Spring Utilities Costs Vs. Maryland

Item Silver Spring Maryland
Gasoline $2.8 $2.59
Tire Balancing $62.0 $48.9
All Electricity $200.52 $167.6
Phone $187.49 $163.42

Silver Spring SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
9.5
Affordability
4
Diversity
10
Safety
N/A
Amenities
10
Education
8
Commute
3

Cost Of Living In Cities Around Silver Spring

City Population Cost Of Living Vs. Silver Spring
Olney, MD 35,191 149 1.0x
North Laurel, MD 24,873 128 0.9x
North Potomac, MD 23,914 169 1.2x
Langley Park, MD 19,520 119 0.8x
Takoma Park, MD 17,672 150 1.0x
Adelphi, MD 16,377 123 0.8x
Kemp Mill, MD 14,733 140 1.0x
Colesville, MD 13,992 140 1.0x
Travilah, MD 11,301 227 1.6x
Chevy Chase, MD 9,622 202 1.4x

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