Silver Spring, MD — income, home value, property tax, and sales tax.
Households in ZIP code 20862, near Silver Spring, report a median income of $189,667, with per-capita earnings of $94,108. A median home value of $810,600 pairs with a county property tax rate of 0.86%, so annual property taxes land near $6,970 for a home at that midpoint. Sales tax of 6.00% applies to purchases in the area. High earnings alongside these rates leave substantial room in most budgets after housing and taxes are covered, though actual costs vary with each household's mortgage, spending, and filing situation.
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