Best Places for Business and Careers 2019

Silver Spring, MD

Silver Spring-Frederick-Rockville, MD
the place image

Silver Spring, MD

Silver Spring-Frederick-Rockville, MD
gross metro product
$105B
population
1.3M
median household income
$103,859
median home price
$486,000
cost of living
26% above nat'l avg
college attainment
54.9%
net migration
780 (year: 2018)
unemployment
3.2%
major industries
Media, Biotechnology, Healthcare
job growth
0.8% (year: 2018)
As of October 2019
Silver Spring-Frederick-Rockville, Maryland is a newly defined Metropolitan Division that is part of the greater Washington-Arlington-Alexandria metro area and includes Frederick County and Montgomery County. Living costs in Silver Spring are high, but residents can afford it thanks to the fourth-highest household incomes in the U.S. College attainment also ranks in the top ten places. The corporate headquarters for mass media company, Discovery Communications, is located in Silver Spring.
On forbes lists
#156
In Cost of Doing Business
#160
In Job Growth
#3
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
0.8% (year: 2018)
Projected Annual Job Growth
0.4%
Unemployment
3.2%
Median Household Income
$103,859
Household Income Growth
2.1%
High-Tech Employment
5%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.

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