Cost of Living: Owings Mills, 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 Owings Mills, MD versus $4,224/mo in Silver Spring, MD. In the model, rent is about 26.45% of gross in Owings Mills, MD versus 27.67% in Silver Spring, MD, so Owings Mills, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Owings Mills, MD and Silver Spring, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Silver Spring, MD
- Lower rent (median 1BR/2BR): Owings Mills, MD
- Lower home prices: Owings Mills, MD
- Higher median household income: Silver Spring, MD
Cost of Living Index
Owings Mills, 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
Owings Mills, MD: $1,725/mo (midpoint of 1BR/2BR) · Silver Spring, MD: $1,804/mo
Median rent in Silver Spring, MD is $79/mo higher than in Owings Mills, MD.
Median Home Price
Owings Mills, MD: $335,000 · Silver Spring, MD: $619,400
Median home price in Silver Spring, MD is $284,400 higher than in Owings Mills, MD.
Median Household Income
Owings Mills, MD: $94,046 · Silver Spring, MD: $98,880
Silver Spring, MD has a higher median household income than Owings Mills, MD by $4,834.
Owings Mills, MD overview · Silver Spring, MD overview · Popular comparisons