Cost of Living in Chevy Chase, MD

Population 9,484 · Maryland · Data vintage 2023

334

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Chevy Chase's housing market reflects its status as a high-earning metro: $1.2 million for a typical home, 291% above the US median, paired with household incomes around $213,764 that put it in the upper third of the state. An unemployment rate of 2.7% points to a labor market well on the tight side of the national distribution.

Geographically, Chevy Chase sits roughly 7 miles northwest of Washington. Median home values run roughly 65% higher than Washington's $725,000.

Cost Overview

Housing 391

Rent 248

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Chevy Chase

The median home value in Chevy Chase is $1,193,000 — 291% above the national median of $305,000. Median rent runs $3,264/month, 148% higher than the national median of $1,314/month. The median household income of $213,764/year is 187% higher than the US median of $74,580. The local unemployment rate is 2.7%, below the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Chevy Chase has a cost of living index of 334 versus the US average of 100, meaning it is 234% more expensive.

📍

Chevy Chase has limited residential data

Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:

Bethesda, MD

Median home: $1,129,700

Rent: $2,437/mo

Income: $191,348

Silver Spring, MD

Median home: $619,400

Rent: $1,899/mo

Income: $98,880

North Bethesda, MD

Median home: $712,100

Rent: $2,161/mo

Income: $128,970

Takoma Park, MD

Median home: $721,500

Rent: $1,388/mo

Income: $97,872

Wheaton, MD

Median home: $483,100

Rent: $2,151/mo

Income: $107,349

🏠 Housing

Median Home Value

$1,193,000

291% above avg

Zillow Home Value

$1,216,117

Zillow ZHVI

Median Rent

$3,264/mo

148% above avg

Zillow Rent

$2,541/mo

Zillow ZORI

Price-to-Rent Ratio

30.5x

Favors renting

Property Tax Rate

1.1%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$1,407

1 BR

$1,604

2 BR

$1,898

3 BR

$2,407

4 BR

$2,822

Owner-occupied 75.6%

Renter-occupied 24.4%

💰 Estimated Monthly Budget

Rent median rent

$3,264

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $3,878/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

31.2 min

16% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

40.4%

Commute Mode

Drove alone

40.8%

Carpooled

3.8%

Public transit

5.9%

Walked

3.6%

Bicycle

3.1%

Work from home

40.4%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 5.8%

Total Sales Tax 6.0%

State rate 6.0%

Avg local rate 0.0%

Property Tax 1.1%

💼 Income & Employment

Median Household Income

$213,764

187% above avg

Per Capita Income

$127,502

Unemployment Rate

2.7%

44% below avg

Poverty Rate

2.6%

Labor Force Participation

66.0%

🎓 Education

Bachelor's degree+ 28.5%

Graduate degree 56.3%

👥 Demographics

Median Age 50.7

Male median age 50

Female median age 51

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good

81.5%

Good air days/yr

165

Max AQI recorded

162

PM2.5 days

195

Ozone days

Frequently Asked Questions

What is the cost of living in Chevy Chase, MD?

Chevy Chase has a cost index of 334 (100 = national average). It is 234% above the national average.

What is average rent in Chevy Chase, MD?

The median gross rent in Chevy Chase is $3,264 per month based on 2023 Census data.

What is the average home price in Chevy Chase?

The median home value in Chevy Chase is $1,193,000 according to Zillow and Census data.

What is the median income in Chevy Chase?

The median household income in Chevy Chase is $213,764 per year (2023 ACS 5-year estimates).

What is the sales tax in Chevy Chase, MD?

The combined state and local sales tax rate in Chevy Chase is 6.0%. The Maryland state income tax top rate is 5.8%.

Is Chevy Chase, MD affordable?

Chevy Chase is above average in cost of living, with an index of 334 — about 234% higher than the national average.

Chevy Chase at a Glance

Population: 9,484
Median Income: $213,764
Home Value: $1,193,000
Median Rent: $3,264/mo
Unemployment: 2.7%
Sales Tax: 6.0%

View all cities in Maryland →

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