Chevy Chase, MD Cost Of Living
Cost Of Living In Chevy Chase, MD Summary
Cost of living in Chevy Chase research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chevy Chase is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Chevy Chase is 257, with 100 being the average.
The cost of living index in Chevy Chase is 2.6x higher than the national average.
Chevy Chase ranks as the #194 cheapest in Maryland out of 194.
Chevy Chase ranks as the #6,433 cheapest out of 6,489 in the US.
The median home value in Chevy Chase is $1,210,641.
The median income in Chevy Chase is $213,764.
Table Of Contents
Chevy Chase's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chevy Chase, MD?
According to the most recent data on the cost of living, Chevy Chase has an overall cost of living index of 257, which is 2.6x higher than the national index of 100.
Compared to Maryland, Chevy Chase has a cost of living index that's 2.1x higher than Maryland's index of 121.
The standard of living in Chevy Chase ranks as #194 most affordable out of the 194 places we measured in Maryland. By definition, that implies Chevy Chase ranks as the #0 most expensive place in the Old Line State.
For more reading on life in Chevy Chase, check out:
In Maryland
In America
Chevy Chase Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Chevy Chase. Here is how it fairs on each of the criteria:
The Services index in Chevy Chase is 107.
The Groceries index in Chevy Chase is 109.
The Health index in Chevy Chase is 98.
The Housing index in Chevy Chase is 612.
The Transportation index in Chevy Chase is 95.
The Utilities index in Chevy Chase is 110.
| Living Expense | Chevy Chase | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 257 | 121 | 100 | |
| Services | 107 | 105 | 100 | |
| Groceries | 109 | 107 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 612 | 150 | 100 | |
| Transportation | 95 | 99 | 100 | |
| Utilities | 110 | 113 | 100 | |
Chevy Chase, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Chevy Chase is $1,210,641.
The Median Rent in Chevy Chase is $3,264.
The Median Income in Chevy Chase is $213,764.
The Home Value To Income in Chevy Chase is 5.7x.
The Rent To Monthly Income in Chevy Chase is 0.18x.
| Statistic | Chevy Chase | Maryland | United States |
|---|---|---|---|
| Median Home Value | $1,210,641 | $427,628 | $303,400 |
| Median Rent | $3,264 | $1,662 | $1,348 |
| Median Income | $213,764 | $101,652 | $78,538 |
| Home Value To Income | 5.7x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Chevy Chase, MD Costs By Category
Detailed Chevy Chase Services Costs Vs. Maryland
| Item | Chevy Chase | Maryland |
|---|---|---|
| Shampoo | $1.51 | $1.28 |
| Movie | $15.69 | $12.13 |
| Bowling | $24.83 | $18 |
| Haircut | $26.11 | $24.26 |
| Beauty Salon | $70.08 | $45.56 |
Detailed Chevy Chase Groceries Costs Vs. Maryland
| Item | Chevy Chase | Maryland |
|---|---|---|
| Ground Beef | $6.24 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $5.49 | $4.93 |
| Pizza | $12.56 | $12.09 |
| Beer | $11.1 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Chevy Chase Health Costs Vs. Maryland
| Item | Chevy Chase | Maryland |
|---|---|---|
| Optometrist | $92.0 | $125.68 |
| Doctor | $135.03 | $135.78 |
| Dentist | $117.67 | $113.29 |
Detailed Chevy Chase Transportation Costs Vs. Maryland
| Item | Chevy Chase | Maryland |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $59.0 | $59.92 |
Detailed Chevy Chase Utilities Costs Vs. Maryland
| Item | Chevy Chase | Maryland |
|---|---|---|
| All Electricity | $222.47 | $193.99 |
| Phone | $197.37 | $192.25 |
Chevy Chase SnackAbility
/10
Cost Of Living In Cities Around Chevy Chase
The cost of living varies in the cities and towns around Chevy Chase. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 202, 0.8x Chevy Chase.
Olney, MD has a cost of living index of 153, 0.6x Chevy Chase.
North Laurel, MD has a cost of living index of 132, 0.5x Chevy Chase.
| City | Population | Cost Of Living | Vs. Chevy Chase |
|---|---|---|---|
| Bethesda, MD | 67,403 | 202 | 0.8x |
| Olney, MD | 36,000 | 153 | 0.6x |
| North Laurel, MD | 25,201 | 132 | 0.5x |
| North Potomac, MD | 23,994 | 172 | 0.7x |
| Kemp Mill, MD | 14,437 | 145 | 0.6x |
| Colesville, MD | 14,075 | 140 | 0.5x |
| Travilah, MD | 11,128 | 224 | 0.9x |
| South Kensington, MD | 8,057 | 191 | 0.7x |
| Four Corners, MD | 7,785 | 153 | 0.6x |
| Layhill, MD | 5,392 | 145 | 0.6x |
