Everything You Need to Know About the City of Silver Spring Maryland
In 2017, Silver Spring, MD had a population of 79.5k people with a median age of 34.6 and a median household income of $76,608. Somewhere in the range of 2016 and 2017 the number of inhabitants in Silver Spring, MD developed from 78,038 to 79,483, a 1.85% increase, and its median household income developed from $72,790 to $76,608, a 5.25% increase.
The number of inhabitants in Silver Spring, MD is 34.2% White Alone, 28.1% Hispanic or Latino, and 27.1% Black or African American Alone. N/A% of the people in Silver Spring, MD communicate in a non-English language, and 78.1% are U.S. residents.
The biggest universities in Silver Spring, MD are Montgomery Beauty School (72 degrees granted in 2017).
The median property value in Silver Spring, MD is $477,800, and the homeownership rate is 35.9%. A great many people in Silver Spring, MD drive-by Drove Alone, and the average drive time is 33.3 minutes. The average vehicle proprietorship in Silver Spring, MD is 1 vehicle for every household.
In 2017, universities in Silver Spring, MD awarded 72 degrees. The student population of Silver Spring, MD is skewed towards women, with 23 male students and 97 female students.
Most students graduating from Universities in Silver Spring, MD are Black or African American (38 and 52.8%), followed by Hispanic or Latino (27 and 37.5%), White (6 and 8.33%), and Asian (1 and 1.39%).
The largest universities in Silver Spring, MD by the number of degrees awarded are Montgomery Beauty School (72 and 100%).
The most popular majors in Silver Spring, MD are General Cosmetology (57 and 79.2%) and Barbering (15 and 20.8%).
The median tuition costs in Silver Spring, Maryland are $N/A for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Silver Spring, MD employs 45.6k people and Silver Spring has an unemployment rate of 3.3%. Silver Spring has seen the job market increase by 0.8% in the course of the most recent year. Future job development throughout the following ten years is anticipated to be 31.0%, which is lower than the US average of 33.5%. The biggest enterprises in Silver Spring, MD are Professional, Scientific, and Technical Services (6,485 people), Public Administration (5,494 people), and Health Care and Social Assistance (5,371 people), and the highest paying industries are Public Administration ($93,294), Finance & Insurance ($75,857), and Professional, Scientific, & Technical Services ($69,184).
Households in Silver Spring, MD have a median annual income of $76,608, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $72,790 in 2016, which represents a 5.25% annual growth.
Tax Rates for Silver Spring
– The Sales Tax Rate for Silver Spring is 6.0%.
– The Income Tax Rate for Silver Spring is 8.0%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Silver Spring
– The average income of a Silver Spring resident is $38,926 a year.
– The Median household income of a Silver Spring resident is $72,289 a year.
