Cost of Living: Montgomery Village, 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 Montgomery Village, MD versus $4,224/mo in Silver Spring, MD. In the model, rent is about 27.45% of gross in Montgomery Village, MD versus 27.67% in Silver Spring, MD, so Montgomery Village, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Montgomery Village, MD and Silver Spring, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Silver Spring, MD
- Lower rent (median 1BR/2BR): Montgomery Village, MD
- Lower home prices: Montgomery Village, MD
- Higher median household income: Silver Spring, MD
Cost of Living Index
Montgomery Village, 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
Montgomery Village, MD: $1,789/mo (midpoint of 1BR/2BR) · Silver Spring, MD: $1,804/mo
Median rent in Silver Spring, MD is $15/mo higher than in Montgomery Village, MD.
Median Home Price
Montgomery Village, MD: $367,100 · Silver Spring, MD: $619,400
Median home price in Silver Spring, MD is $252,300 higher than in Montgomery Village, MD.
Median Household Income
Montgomery Village, MD: $96,487 · Silver Spring, MD: $98,880
Silver Spring, MD has a higher median household income than Montgomery Village, MD by $2,393.
Montgomery Village, MD overview · Silver Spring, MD overview · Popular comparisons