Cost of Living: Severn, 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 Severn, MD versus $4,224/mo in Silver Spring, MD. In the model, rent is about 30.34% of gross in Severn, MD versus 27.67% in Silver Spring, MD, so Silver Spring, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Severn, MD and Silver Spring, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Silver Spring, MD
- Lower rent (median 1BR/2BR): Silver Spring, MD
- Lower home prices: Severn, MD
- Higher median household income: Severn, MD
Cost of Living Index
Severn, 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
Severn, MD: $1,978/mo (midpoint of 1BR/2BR) · Silver Spring, MD: $1,804/mo
Median rent in Severn, MD is $174/mo higher than in Silver Spring, MD.
Median Home Price
Severn, MD: $465,600 · Silver Spring, MD: $619,400
Median home price in Silver Spring, MD is $153,800 higher than in Severn, MD.
Median Household Income
Severn, MD: $130,627 · Silver Spring, MD: $98,880
Severn, MD has a higher median household income than Silver Spring, MD by $31,747.
Severn, MD overview · Silver Spring, MD overview · Popular comparisons