Living in Silver Spring, Pennsylvania
Cost of living, income, home prices, rent and demographics of Silver Spring · Census data 2020–2024
Silver Spring has 20,661 residents with a median age of 44.8. The median household income is $125,102 (60% higher than the Pennsylvania median), the median home value is $388,500, the median rent is $1,611/month.
Silver Spring at a glance
- Population
- 20,661
- Median age
- 44.8State: 40.9
- Median household income
- $125,102State: $77,971
- Median home value
- $388,500State: $254,500
- Median rent
- $1,611/moState: $1,209
- Homeowners
- 85.5%
- Bachelor's degree or higher
- 49.4%
- Average commute
- 21 min
Is Silver Spring a good place to live?
Pros: Median household income 60% higher than the Pennsylvania median; an average commute of 21 minutes; unemployment of 1.7%; a poverty rate of 4.6%.
Cons: Home values 53% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Silver Spring
Housing is the biggest part of the cost of living. In Silver Spring the median home value is $388,500, 17% higher than the U.S. median. Renters pay a median of $1,611 per month, which is 20.3% of household income. Homeowners with a mortgage pay $2,326 a month in housing costs.
Silver Spring median household income
The median household income in Silver Spring is $125,102 and the income per person is $58,731. 4.6% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Silver Spring: homes for sale and rent
- Housing units
- 8,439
- Owner-occupied
- 85.5%
- Renter-occupied
- 14.5%
- Vacant
- 3.2%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 2.53
Silver Spring demographics
- Population
- 20,661
- Median age
- 44.8
- Under 18
- 22.2%
- 65 and older
- 20.3%
- Households
- 8,166
- Foreign-born
- 14.7%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Spring ›
Education in Silver Spring
49.4% of adults 25 and older in Silver Spring have a bachelor's degree or higher (Pennsylvania: 35.2%), and 23.4% have a graduate or professional degree.
Jobs and commute in Silver Spring
- Unemployment rate
- 1.7%State: 5.3%
- Average commute
- 21 minState: 26 min
- Work from home
- 27.8%
- Drive alone
- 64.1%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 96.4%
Silver Spring vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Spring | 20,661 | $125,102 | $388,500 | $1,611 |
| Mechanicsburg | 9,720 | $84,421 | $241,200 | $1,083 |
| Hampden | 34,222 | $105,434 | $354,900 | $1,466 |
| Middlesex | 7,189 | $76,833 | $234,200 | $1,295 |
| Rye | 2,288 | $102,159 | $284,400 | $1,058 |
| Shiremanstown | 1,777 | $75,260 | $215,500 | $1,067 |
| Upper Allen | 23,801 | $99,197 | $279,800 | $1,525 |
| Monroe | 6,524 | $124,443 | $359,400 | $1,403 |
| Carlisle Barracks | 730 | $126,400 | — | $2,549 |
More for people moving to Silver Spring
Silver Spring ZIP code ›Weather and climate ›Living in Silver Spring: FAQ
What is the median household income in Silver Spring, PA?
The median household income in Silver Spring is $125,102, 60% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Silver Spring?
The median home value in Silver Spring is $388,500, compared with $254,500 in Pennsylvania.
How much is rent in Silver Spring?
The median gross rent in Silver Spring is $1,611 per month, about 20.3% of household income.
Is Silver Spring, PA a good place to live?
Pluses: median household income 60% higher than the Pennsylvania median; an average commute of 21 minutes; unemployment of 1.7%; a poverty rate of 4.6%. Minuses: home values 53% higher than the state median.
What is the median age in Silver Spring?
The median age in Silver Spring is 44.8 years (Pennsylvania: 40.9).
How long is the commute in Silver Spring?
The average commute to work in Silver Spring is 21 minutes; 27.8% of workers work from home.
What is the unemployment rate in Silver Spring?
The unemployment rate in Silver Spring is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver Spring?
49.4% of adults in Silver Spring have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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