Silver Spring, MD — income, home value, property tax, and sales tax.
Households in the 20874 ZIP code, near Silver Spring, bring in a median $115,022 a year, with per-capita income at $52,219. That earnings level supports a median home value of $399,000, and the county's 0.86% effective property tax rate means an owner at that value pays roughly $3,400 annually. Add Maryland's 6.00% combined sales tax on everyday purchases, and the budget picture depends on how much gets spent versus saved. Strong incomes here can absorb both taxes while still covering housing, though the sales tax applies steadily to routine buying throughout the year.
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