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The total population of Silver Spring township is estimated to be 19,652 with 9,326 males (47.46%) and 10,326 females (52.54%). There are 1,000 more females than males in Silver Spring township.
The median household income in Silver Spring township was $108,232 in 2021, which marked an an increase of 5,598(5.45%) from $102,634 in 2020. This income is 145.07% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Silver Spring township sees its highest median household income among householders in the age group of 45 to 64 years old, at $128,139. Overall, the median household income for the township of Silver Spring township stands at $108,232.
In Silver Spring township, the median income for all workers aged 15 years and older, regardless of work hours, was $62,528 for males and $39,909 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $89,755 for males and $70,349 for females.
In Silver Spring township, there are just two different racial groups among households. Among these, Asian households report a median household income of $131,791, while White households have a median household income of $101,553.
In 2022, the population of Silver Spring township was 20,843, a 2.93% increase year-by-year from 2021. Previously, in 2021, Silver Spring township's population was 20,249, an increase of 2.95% compared to a population of 19,669 in 2020.
The median age in Silver Spring Township, Pennsylvania is 46.6, as per 2021 ACS 5-Year Estimates. Of the total population, 17.82% were under the age of 15, 12.13% aged 15 to 29, 49.43% aged 30 to 64, 18.56% aged 65 to 84, and 2.06% were 85 years of age and older.
Racial distribution of Silver Spring township population: 79.26% are White, 3.47% are Black or African American, 0.06% are American Indian and Alaska Native, 14.75% are Asian, 0.28% are some other race and 2.19% are multiracial.