So, you are thinking about moving to the DC area and wondering: what is the cost of living in Silver Spring MD? That’s great. I live here and I love it. Silver Spring MD is a suburb of DC inside the Beltway that circles DC, and is located in Montgomery County MD. It is the fourth largest city in Maryland after Baltimore, Columbia, and Germantown.
Silver Spring is a suburb, but it much more urban that what rural America would consider a suburb. There are a lot of restaurants, shops, and parks and trails. Silver Spring is also one of the most diverse places to live in Maryland. To learn more about living in Silver Spring, check out the other videos in my Silver Spring neighborhood series.
So let’s talk about why you are really here – how much does it cost to live in Silver Spring?
2 Bed: $1747
3 Bed: $2283
- 21% higher than the Maryland average.
- 46% higher than the national average.
Maryland is ranked number 10 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living.
This is probably what you expected. Living in Silver Spring is more expensive than other parts of the nation, but not as expensive as living in downtown DC or Arlington. People come to Silver Spring to be close to everything DC, but still enjoy a quieter life with trees and parks galore.