Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20882, near Silver Spring, households earn a median of $184,136, with per-capita income at $76,380 — figures that support a comfortable margin above basic expenses. Homes here carry a median value of $737,400, and the county's 0.86% effective property tax rate means an annual bill in the vicinity of $6,300 for a home at that value. Sales tax runs 6.00%, so everyday purchases carry a standard Maryland rate. Together, the income levels and tax structure leave room for saving, investing, or covering the higher housing costs that come with this part of Montgomery County.
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