Silver Spring, MD 20903 has a population of approximately 26,004 and experiences a population change rate of 14.66%. The population density is 7,219.3 / sq mi .
Silver Spring, MD 20903 has a population of approximately 26,004 and experiences a population change rate of 14.66%. The population density is 7,219.3 / sq mi .
The median household income for Silver Spring, MD 20903 is $74,607, with 7,211 households and an average household size of 3.69.
The median value of a home in Silver Spring, MD 20903 is $474,200 with an appreciation rate of 9.10%. 39.11% of housing in the state is owned while 57.10% is rented.
The cost of living in Silver Spring, MD 20903 is 147.3 %.
The unemployment rate in Silver Spring, MD 20903 is 1.60%, and recent job growth is at 2.51%. Future job growth is projected at 34.92%.
The sales tax rate in Silver Spring, MD 20903 is 6.00%, while the income tax rate is 4.75% .
School expenditures in Silver Spring, MD 20903 are $19,736, and the school ratio is 13.6:1.
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 25.1 degrees. The average rainfall is approximately 43.7 inches per year, with 13.1 inches of snow per year.