Cost of Living: College Park, MD vs Silver Spring, MD
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in College Park, MD versus $4,224/mo in Silver Spring, MD. In the model, rent is about 26.9% of gross in College Park, MD versus 27.67% in Silver Spring, MD, so College Park, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between College Park, MD and Silver Spring, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Silver Spring, MD
- Lower rent (median 1BR/2BR): College Park, MD
- Lower home prices: College Park, MD
- Higher median household income: Silver Spring, MD
Cost of Living Index
College Park, MD: 100 (U.S. = 100) · Silver Spring, MD: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
College Park, MD: $1,754/mo (midpoint of 1BR/2BR) · Silver Spring, MD: $1,804/mo
Median rent in Silver Spring, MD is $50/mo higher than in College Park, MD.
Median Home Price
College Park, MD: $429,000 · Silver Spring, MD: $619,400
Median home price in Silver Spring, MD is $190,400 higher than in College Park, MD.
Median Household Income
College Park, MD: $74,867 · Silver Spring, MD: $98,880
Silver Spring, MD has a higher median household income than College Park, MD by $24,013.
College Park, MD overview · Silver Spring, MD overview · Popular comparisons