Silver Spring, Maryland Income Statistics
Silver Spring Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Silver Spring Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Silver Spring | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $100,140 | $103,916 | $80,455 |
| Median Personal Income | $77,847 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.0% | 4.8% |
| Six-Figure Earners | 25.5% | 20.7% | 13.9% |
| $200k+ Households | 21.8% | 20.3% | 13.2% |
The median household income in Silver Spring is about 4% lower than in Maryland. Income has been growing faster in Silver Spring (4.0%/yr) than in Maryland (4.0%/yr).
About 26% of adults in Silver Spring earn six figures ($100,000 or more) a year, higher than the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Silver Spring, Maryland grew by 48.2% from 2009 to 2024, reaching $100,140 in 2024. That's an average of about 4.0% per year.
Silver Spring has stayed well above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. The gap has narrowed from 32% in 2009 to 24% in 2024, the closest it has been.
Income Distribution in Silver Spring
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 16,991 households (50.1% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 15.3% of households in Silver Spring had an income under $35,000 and 32.2% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Silver Spring has a larger share of households earning $200,000 or more (21.8% vs 13.2%) and a smaller share earning $15,000 to $24,999 (3.8% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,147 | 3.4% | 5.1% |
| $10,000 to $14,999 | 598 | 1.8% | 3.5% |
| $15,000 to $24,999 | 1,289 | 3.8% | 6.4% |
| $25,000 to $34,999 | 2,157 | 6.4% | 6.7% |
| $35,000 to $49,999 | 2,737 | 8.1% | 10.1% |
| $50,000 to $74,999 | 5,197 | 15.3% | 15.5% |
| $75,000 to $99,999 | 3,829 | 11.3% | 12.6% |
| $100,000 to $149,999 | 6,060 | 17.9% | 17.4% |
| $150,000 to $199,999 | 3,519 | 10.4% | 9.5% |
| $200,000 or more | 7,412 | 21.8% | 13.2% |
Shares are of all 33,945 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 16,704 residents (25.5% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 28.2% of residents who have any income.
In 2024, 9.6% of Silver Spring residents aged 15 and over reported no personal income, 21.7% had some income but less than $25,000, and 34.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Silver Spring has a larger share of residents earning $100,000 or more (25.5% vs 13.9%) and a smaller share with no personal income (9.6% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 6,281 | 9.6% | 12.8% |
| $1 to $9,999 | 5,388 | 8.2% | 11.2% |
| $10,000 to $14,999 | 3,338 | 5.1% | 7.0% |
| $15,000 to $24,999 | 5,466 | 8.3% | 10.5% |
| $25,000 to $34,999 | 5,675 | 8.7% | 9.5% |
| $35,000 to $49,999 | 7,477 | 11.4% | 12.6% |
| $50,000 to $74,999 | 9,222 | 14.1% | 14.3% |
| $75,000 to $99,999 | 5,953 | 9.1% | 8.2% |
| $100,000 or more | 16,704 | 25.5% | 13.9% |
Shares are of the 65,504 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 9.6% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Silver Spring
| Metric | Silver Spring | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.534 | 0.552 |
| Male Median Income | $84,787 | $84,327 | $69,667 |
| Female Median Income | $78,100 | $72,201 | $56,850 |
| Gender Pay Gap | 7.9% | 14.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Silver Spring, it is 0.509, lower than Maryland's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 9% more than women's income in Silver Spring, Maryland. Over a 35-year career, a 9% wage gap accumulates to roughly $234,045 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Silver Spring, Maryland has widened from about 1% to 8% in 2024. Over that period the gap was widest at 8% in 2021, and in 2014 women out-earned men by 9%. In dollar terms, the gap has widened by $6,132 since 2009.
Sharply against the trend: the pay gap in Silver Spring widened by 6.7 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Silver Spring | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.8% | 5.2% |
| Working from Home | 27.4% | 19.3% | 15.0% |
| Commute time (minutes) | 32 | 28 | 22 |
Approximately 2,715 people are unemployed in Silver Spring, Maryland.
The average commute time in Silver Spring is 32 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Silver Spring, Maryland has fallen from 7.0% to 5.3% in 2024. Over that period the rate peaked at 7.7% in 2014 and fell as low as 4.7% in 2022.
Silver Spring has crossed the U.S. unemployment rate 3 times since 2011, most recently moving above it in 2024, at 0.1 points higher.
Conclusion
Considering all these factors, Silver Spring, Maryland has an overall wealth index grade of B, making it somewhat better than Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Silver Spring, Maryland.
How Rich Is Silver Spring, Maryland?
Silver Spring has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $100,140, about 4% lower than the Maryland average of $103,916.
How has median household income changed in Silver Spring, Maryland?
Between 2009 and 2024, the median household income in Silver Spring, Maryland rose 48%, from $67,560 to $100,140. Over the same years, income here lagged behind Maryland as a whole: +48% against +49%.
What was the median household income in Silver Spring in 2023?
In 2023, the median household income in Silver Spring, Maryland was $99,666, up 4% from $95,493 in 2022. The Maryland median that year was $101,974.
What was the median household income in Silver Spring in 2020?
In 2020, the median household income in Silver Spring, Maryland was $88,867. By 2024 it had risen 13% to $100,140.
What is the Gini coefficient in Silver Spring, Maryland?
The Gini coefficient in Silver Spring is 0.509. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Silver Spring, Maryland?
Since 2009, the income gap between men and women in Silver Spring, Maryland has widened from about 1% to 8% in 2024. Over that period the gap was widest at 8% in 2021, and in 2014 women out-earned men by 9%. In dollar terms, the gap has widened by $6,132 since 2009.
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