Is Silver Spring, Maryland a Good Place To Live? - Living In Silver Spring, MD

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 Cost
$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%