Montgomery Village, MD vs Silver Spring, MD

Montgomery Village is moderately more affordable than Silver Spring, with a 14.4% lower cost of living index. Montgomery Village scores 126 compared to 147 for Silver Spring, where the US average is 100. This difference means residents of Silver Spring can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Montgomery Village is $1,883/month compared to $1,899/month in Silver Spring — a 1% difference. Home values follow the same pattern: Montgomery Village is more affordable at $367,100 median vs $619,400.

Median household income in Montgomery Village is $96,487 compared to $98,880 in Silver Spring (-2.4%). Silver Spring does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Montgomery Village spend roughly 23.4% of their income on rent, more than the 23% in Silver Spring.

Climate-wise, Silver Spring is notably warmer with an average of 59.3°F compared to 55.7°F in Montgomery Village. Montgomery Village receives more rainfall at 43.2" per year compared to 41.8" in Silver Spring.