Cost of Living: Severna 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 Severna Park, MD versus $4,224/mo in Silver Spring, MD. In the model, rent is about 23.55% of gross in Severna Park, MD versus 27.67% in Silver Spring, MD, so Severna Park, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Severna Park, MD and Silver Spring, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Silver Spring, MD
- Lower rent (median 1BR/2BR): Severna Park, MD
- Lower home prices: Silver Spring, MD
- Higher median household income: Severna Park, MD
Cost of Living Index
Severna 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
Severna Park, MD: $1,536/mo (midpoint of 1BR/2BR) · Silver Spring, MD: $1,804/mo
Median rent in Silver Spring, MD is $268/mo higher than in Severna Park, MD.
Median Home Price
Severna Park, MD: $633,600 · Silver Spring, MD: $619,400
Median home price in Severna Park, MD is $14,200 higher than in Silver Spring, MD.
Median Household Income
Severna Park, MD: $168,091 · Silver Spring, MD: $98,880
Severna Park, MD has a higher median household income than Silver Spring, MD by $69,211.
Severna Park, MD overview · Silver Spring, MD overview · Popular comparisons