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Silver Spring, MD 20901 has a population of approximately 36,756 and experiences a population change rate of 8.77%. The population density is 6,826.9 / sq mi .
The median household income for Silver Spring, MD 20901 is $116,805, with 13,012 households and an average household size of 2.8.
The median value of a home in Silver Spring, MD 20901 is $528,100 with an appreciation rate of 9.10%. 68.88% of housing in the state is owned while 28.71% is rented.
The cost of living in Silver Spring, MD 20901 is 155.4 %.
The unemployment rate in Silver Spring, MD 20901 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 20901 is 6.00%, while the income tax rate is 4.75% .
School expenditures in Silver Spring, MD 20901 are $19,736, and the school ratio is 13.6:1.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 24.9 degrees. The average rainfall is approximately 44.2 inches per year, with 14.4 inches of snow per year.