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158 Luxury Apartments Near Me in Silver Spring, MD
Cost of Living
62% Rent
vs
38% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in Silver Spring, MD is 62% renters and 38% owners. The monthly average cost of rent in Silver Spring is $1,736 per month and the yearly average income is $120,012 per year. This compares to an average rent of $1,507 in MD and $1,003 in the US. This data was last updated in October 2023
Travel and Transport
Commuting to Work
Last Updated October 2023
Residents of Silver Spring, MD spend an average of 34.1 minutes commuting to work. 19% have short commutes under 20 minutes, 68% travel between 20 and 60 minutes, and 13% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In Silver Spring, MD, 21% of residents rely on public transportation, 3% commute on foot, 1% use bicycles, and 75% opt for other modes such as cars and ride-sharing.
FAQs
What is the average price for a 1 Bedroom + 1 Bathroom in Silver Spring?
The average price is $1,856.71.
What is the average price for a Studio + 1 Bathroom in Silver Spring?
The average price is $1,670.53.
What is the average price for a 2 Bedrooms + 2 Bathrooms in Silver Spring?
The average price is $2,528.41.
What is the average monthly rent for Silver Spring?
Based on 2023 city data, the average monthly rent is $1,736.00.
What is the average commute time?
Based on 2017 city data, the average commute is 34.1 mins.