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Are you considering moving to Silver Spring, Maryland?

Silver Spring’s robust economy, beautiful neighborhoods, and easy access to major highways makes it appealing to young professionals and families.

If you’re considering moving to Silver Spring Maryland and wondering if the city is right for you, this guide contains the key things you need to know to make the right decisions.

Let’s find out if moving to Silver Spring is right for you.

QuickFacts

Quick facts to know before moving to Silver Spring, MD

  • Silver Spring’s summer high in July is around 88 degrees
  • Silver Spring MD averages 202 sunny days per year
  • Around 59% of Silver Spring’s residents are renters
  • Silver Spring’s future job growth is predicted to hit 30.97%
  • Silver Spring’s average annual pay for average jobs is $61,985
  • Around 59% of Silver Spring’s residents are renters
  • Silver Spring’s future job growth is predicted to hit 30.97%

What’s the population of Silver Spring MD?

Silver Spring’s population is 82,927 people. The city stretches across 8 square miles making it the 5th largest city in Maryland. Silver Spring is nestled in Montgomery County, Maryland.

  • Silver Spring has a population density of 10,518 people per square mile
  • The median age in Silver Spring is 34.5 years
  • 33.7 years is the median age for males and 35.3 years for females
  • Silver Spring, MD is currently growing at a rate of 1.17% annually
  • Silver Spring population has increased by 2.29% since the last census

How fast can you commute in Silver Spring?

Silver Spring average one-way commute time takes 34.9 minutes. That’s longer than the U.S. average of 26.4 minutes. You’ll spend less than 30 minutes commuting to work if you move to Silver Spring. Less time on the road means less stress and having more time for other things.

Here’s how people in Silver Spring get to work:

  • About 50.8% of Silver Spring residents drive their own car alone
  • Around 10.8% of Silver Spring residents carpool with others
  • Up to 4.6% of Silver Spring residents work from home
  • About 28.7% of Silver Spring residents take mass transit

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How is the weather like in Silver Spring, MD?

Silver Spring MD averages 202 sunny days per year. The United States average is 205 sunny days. If the weather is one of the key things you’d like to consider before moving to Silver Spring, the following is a quick snapshot of the city’s weather:

  • Silver Spring’s summer high in July is around 88 degrees
  • Silver Spring averages 44 inches of rain per year. The U.S. average is 38 inches
  • Silver Spring averages 14 inches of snow per year. U.S. average is 28 inches
  • Silver Spring’s winter low in January is 25 degrees
  • Silver Spring gets 112 days of precipitation every year

Is Silver Springs Maryland a good place to live?

One of the nicest places to live in Maryland is Silver Spring, which is in Montgomery County. Most people in Silver Spring rent their homes, giving them a sense of metropolitan living. There are numerous eateries, coffee shops, and parks in Silver Spring.

What is Silver Spring Maryland famous for?

A northern residential suburb of Washington, D.C., Silver Spring is an unincorporated hamlet in Montgomery County in central Maryland, United States. Once upon a time, it was the location of the estate of politician and journalist Francis Preston Blair (1791–1876), whose son Montgomery held the position of postmaster general in Abraham Lincoln's administration.

Is Silver Spring a suburb?

Silver Spring has changed over the past 20 years from being a DC suburb with blocks of elegant single-family homes on lush green lawns to becoming a bustling and active city.

Is Silver Spring inside the Beltway?

One of the most diversely populated areas in Montgomery County and the country is Silver Spring, which lies inside the I-495 beltway and immediately north of Washington, D.C.

Is moving to Maryland a good idea?

One of the best areas to live in America is Maryland, which has a thriving job market, first-rate healthcare options, gorgeous scenery and parks, and delicious seafood. A move to Maryland can be ideal for you if you want to be close to mountains, farms, towns, and beaches.

How expensive is Silver Spring?

Housing costs in Silver Spring are 137% more expensive than the national average, and utility costs are 5% more expensive. Gas prices and transportation costs, such as bus fares, are 13% more than the national average. The cost of groceries is 11% more expensive in Silver Spring than it is nationwide.

Is Silver Spring a suburb of DC?

Silver Spring has changed over the past 20 years from being a DC suburb with blocks of majestic single-family homes on lush green lawns to a vibrant and vivacious metropolis.

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Top 10 reasons to move to Silver Spring MD

People are moving to Silver Spring for many reasons. As one of the fastest growing cities in Maryland, Silver Spring is constantly attracting people from all over the state and beyond.

Since you’re considering moving to Silver Spring, the following are the key reasons people are moving to the city:

  • Silver Spring is known for its great weather
  • Easier access to amenities
  • Diverse population
  • Easy commutes
  • Strong demographics
  • Great neighborhoods
  • Transportation options
  • Top-quality school district
  • Robust economy
  • Lots of renowned attractions in downtown
pros and cons of Phoenix

Pros & cons of moving to Silver Spring, Maryland

If you’d like to find out if moving to Silver Spring is right for you or not, we’ve made a list of the pros and cons of living in the city.

Here are the pros and cons of living in Phoenix, AZ:

Pros of living in Silver Spring, MD
  • Silver Spring is within 10-50 miles from an airport
  • Government spending is high
  • Race and religion diversity
  • More people with STEM degrees
  • Higher educated people
  • Low hurricane and earthquake risk
  • Low volcanic and wildlife hazard risk
  • Low cancer incidence mortality rate
Cons of living in Silver Spring, MD
  • High property prices
  • Low home ownership rate
  • High risk of severe storms
  • No high school
  • You’ll need a car to get around
  • The cost of living is higher than the national average
  • Lots of construction works going on

Best places to live if you move to Silver Spring, Maryland

Silver Spring is home to several beautiful livable neighborhoods. Moving to Silver Spring gives you the perfect chance to live in any of these neighborhoods. If you’re moving to Silver Spring and wondering what neighborhood the best for you is, the following is a list of the ten best neighborhoods in Silver Spring:

  • Woodside Park / Woodside Forest
  • Rock Creek Forest / Forest Glen Park
  • Saratoga Village / North Takoma Park
  • Sligo Park Hills
  • Woodside / Montgomery Hills
  • Blair Portal
  • Downtown Silver Spring
  • Woodmoor / Four Corners
  • Highland View
  • North Sherwood Forest / Sherwood Forest

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Cost of living in Silver Spring MD

Affordable living in a big city is one of the key perks of moving to Silver Spring MD. The cost of living in Trenton is 130.8. The United States average is 100.

An amount that is higher than 100 indicates that the cost of living is higher than the U.S. An amount that is lower than 100 means the cost of living in the city is less expensive than the U.S. average.

Silver Spring’s average cost of living is higher than the national average. The following is a simple breakdown of the city’s cost of living since you’re considering moving to Silver Spring, MD:

Living Expense Silver Spring Maryland National Average
Overall 130.8 111.8 100
Grocery 112.7 105.2 100
Health 86.8 84.2 100
Housing 170 124.1 100
Median Home Cost $495,800 $361,900 $291,700
Utilities 109.4 105.6 100
Transportation 140.9 119.3 100
Miscellaneous 146.1 112.5 100

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How is the job market in Silver Spring MD?

How fast can you get a job if you need one in Silver Spring? The COVID-19 pandemic has affected several job markets across the United States and Silver Spring wasn’t left out.

Since you’re considering moving to Silver Spring, here’s a breakdown of the city’s job market:

  • Silver Spring’s unemployment rate is 5.7%. The U.S. average is 6.0%
  • Silver Spring’s job growth has been positive so far
  • Over the past year, Silver Spring’s jobs have grown by 0.8%
  • Silver Spring’s future job growth is predicted to hit 30.97%

Here’s a simple breakdown of Silver Spring’s job market:

Employment Information Silver Spring, Maryland United States
The income per Cap $40,909 $31,177
Household Income $76,608 $57,652
Unemployment Rate 5.7 6.0%
Recent Job Growth -6.49% -6.18%
Future Job Growth 30.97% 33.51%

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What are the top career options in Silver Spring, MD?

You’ll find lots of jobs to choose from if you’re moving to Silver Spring, MD. Which ones should you opt for? You may be interested in some of the city’s highest-paying jobs. The following is the list of the highest-paying jobs in Silver Spring, MD.

Rank Job Title Average Salary Entry Level Salary # Of People
1 Podiatrists $261,180 $151,500 60
2 Surgeons $247,800 $142,560 150
3 Internists, General $231,700 $142,700 220
4 Chief Executives $197,510 $20,030 440
5 Family and General Practitioners $183,880 $59,400 550
6 Psychiatrists $176,330 $30,920 80
7 Physicians and Surgeons, All Other $164,900 $84,080 5,040
8 Pediatricians, General $160,560 $105,870 230
9 Marketing Managers $159,160 $80,580 890
10 Compensation and Benefits Managers $158,480 $91,210 120

What is a good salary in Silver Spring MD?

Moving to Trenton could mean getting a new job. But how many bucks can you earn in the city? Will you be earning more money or less compared to where you are right now? Let’s find out:

  • Silver Spring’s average annual pay for average jobs is $61,985
  • Silver Spring’s average hourly pay is $29.80 an hour
  • Silver Spring’s average weekly pay is $1,192 per week
  • Silver Spring’s average monthly payment is $5,165 per month
  • Highest paying jobs in Silver Spring are Surgeon, Colorectal Surgeon, and Obstetrician/Gynecologist
  • Silver Spring MD minimum wage rate is $13.0 per hour

Top Industries in Silver Spring, MD

Like several other large cities, Silver Spring’s economy is powered by several industries. The best part is that whether you work in a small or large industry, you’ll most likely find a suitable spot for your job in Silver Spring. The following is a list of the city’s largest industries since you’re considering moving to Silver Spring, MD:

  • Professional
  • Scientific, and Technical Services
  • Public Administration
  • Health Care and Social Assistance
  • Finance and Insurance
  • Information

Silver Spring’s housing market

If you’re interested in buying a home after moving to Trenton, we have the key information you need to know about the city’s housing market. This will make it easier for you to make up your mind about buying a home or not if you’re moving to Silver Spring:

  • Silver Spring’s median home cost is $495,800
  • Over the last ten years, home values in Silver Spring’s have risen by 49.0%
  • Currently, Silver Spring’s home values have appreciated by 13.6%
  • Around 59% of Silver Spring’s residents are renters
  • Up to 3.1% of homes and apartments in Silver Spring are open to rent

What’s the average home rental price in Silver Spring MD?

Silver Spring’s rental market is known for its affordable homes. If you’re considering renting a home or an apartment after moving to Silver Spring, look at the average rental prices below:

  • Silver Spring’s average rent for a studio apartment is $1,422
  • Silver Spring’s average rent for a 1-bedroom home or apartment is $1,448
  • Silver Spring’s average rent for a 2-bedroom home or apartment is $1,650
  • Silver Spring’s average rent for a 3-bedroom home or apartment is $2,089
  • The average rent for a 4-bedroom home or apartment is 2,507

Maryland taxes

If you’re moving to Silver Spring from out of state, you might not be familiar with the city’s taxes.

Moving to Maryland will most likely mean paying a higher or lower taxes, depending on where you’re moving from. However, Maryland is rated as one of the not-so-tax-friendly states.

Maryland is one of the states where local governments are allowed to levy their own taxes in addition to state and federal income taxes. Counties in Maryland are permitted to levy income taxes with rates ranging from 1.75% to 3.20%. On top of that, the state-wide income tax is levied at a top rate of 5.75%. Here’s a simple breakdown of Maryland’s taxes:

  • The state income tax in Maryland is 2.00% - 5.75%
  • The county income tax in Maryland is 1.75 – 3.20%
  • The sales tax in Maryland is 6.00%
  • The average effective rate of property taxes in Maryland is 1.10%
  • Gas tax in Maryland is 36.70 cents per gallon of gasoline
  • Diesel tax in Maryland is 37.45 cents per gallon

Best things to do if you move to Silver Spring, MD

There are lots of exciting things you can do in Silver Spring, Maryland. The city is home to several attractions, and you’ll find lots of amazing things to do in Silver Spring.

If you’re moving to Silver Spring, we’ve made a list of the various things you can do and places to visit and explore. Here’s the list:

  • Visit the Acorn Urban Park
  • Live through History at the Silver Spring Baltimore & Ohio Railroad Station
  • Discover Different Species of Plants in Brookside Gardens
  • Enjoy the Great Outdoors at the Wheaton Regional Park
  • Check Out the Silver Spring Civic Building
  • Explore the American Film Institute Silver Theatre and Cultural Center
  • Enjoy the Dog Parks in Ellsworth Urban Park
  • Discover the National Park College
  • Bike and Hike at the Matthew Henson State Park
  • Discover the Wonders of Nature at the Sligo Creek Trail
  • Attend a Concert at the Fillmore Silver Spring
  • Wander the General Getty Neighborhood Park
  • Visit the National Museum of Health and Medicine

What is the crime rate in Silver Spring, MD?

Is Silver Spring a safe city for you and your loved ones? Like several other large cities in the United States, Silver Spring has its fair share of crime problems. The following are key stats about the city’s crime rates since you’re considering moving to Silver Spring, MD:

  • The violent crime rate in Silver Spring is 20.4. The national average is 22.7
  • The property crime rate in Silver Spring is 31.5. The national average is 35.4
  • 18 crimes per one thousand residents
  • Silver Spring has a crime rate that is noticeably lower than the average

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Best Schools & Universities in Silver Spring, MD

Silver Spring is home to several top-quality schools. If you’re moving to Silver Spring, you’ll have easier access to several excellent schools from universities and colleges to elementary, middle, and high schools.

The following is a list of the best schools in the city if you’re moving to Silver Spring, Maryland:

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