Silver Spring has a population of 81,808 with a median age of 34.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 81,808 |
| Median Age | 34.9 |
| White | 37.0% |
| Black or African American | 29.7% |
| Asian | 8.5% |
| Hispanic or Latino | 23.6% |
| Other / Two or More Races | 1.2% |
The median household income in Silver Spring is $95,213, which is 26.7% above the national median of $75,149. The per capita income is $54,095. The poverty rate is 10.5%.
The unemployment rate in Silver Spring is 4.7%, compared to the national rate of 5.4%.
In Silver Spring, 87.1% of residents age 25+ have a high school diploma or higher, and 59.3% hold a bachelor's degree or higher (33.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.1% |
| Bachelor's Degree or Higher | 59.3% |
| Graduate or Professional Degree | 33.9% |
The median home value in Silver Spring is $606,100, above the national median of $281,900. The median monthly rent is $1,826. The homeownership rate is 37.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $606,100 |
| Median Monthly Rent | $1,826 |
| Homeownership Rate | 37.7% |
| Vacancy Rate | 4.5% |
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