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Silver Spring has a population of approximately 82,472 and experiences a population change rate of 7.75%. The population density is 10,459.4 / sq mi .
The median household income for Silver Spring is $91,970, with 33,297 households and an average household size of 2.47.
The median value of a home in Silver Spring is $542,400 with an appreciation rate of 9.20%. 36.11% of housing in the state is owned while 59.00% is rented.
The cost of living in Silver Spring is 147.7 %.
The unemployment rate in Silver Spring 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 is 6.00%, while the income tax rate is 4.75% .
School expenditures in Silver Spring 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 44.3 inches per year, with 14.1 inches of snow per year.