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 204, with 100 being the average.
The cost of living index in Chevy Chase is 2.0x higher than the national average.
Chevy Chase ranks as the #187 cheapest in Maryland out of 188.
Chevy Chase ranks as the #6,322 cheapest out of 6,412 in the US.
The median home value in Chevy Chase is $999,200.
The median income in Chevy Chase is $207,971.
According to the most recent data on the cost of living, Chevy Chase has an overall cost of living index of 204, which is 2.0x higher than the national index of 100.
Compared to Maryland, Chevy Chase has a cost of living index that's 1.7x higher than Maryland's index of 120.
The standard of living in Chevy Chase ranks as #187 most affordable out of the 188 places we measured in Maryland. By definition, that implies Chevy Chase ranks as the #1 most expensive place in the Old Line State.
For more reading on life in Chevy Chase, check out:
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 116.
The Groceries index in Chevy Chase is 115.
The Health index in Chevy Chase is 87.
The Housing index in Chevy Chase is 412.
The Transportation index in Chevy Chase is 113.
The Utilities index in Chevy Chase is 112.
|Living Expense||Chevy Chase||Maryland||National Average|
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 2017-2021. The key points are:
The Median Home Value in Chevy Chase is $999,200.
The Median Rent in Chevy Chase is $2,361.
The Median Income in Chevy Chase is $207,971.
The Home Value To Income in Chevy Chase is 4.8x.
The Rent To Monthly Income in Chevy Chase is 0.14x.
|Statistic||Chevy Chase||Maryland||United States|
|Median Home Value||$999,200||$338,500||$244,900|
|Home Value To Income||4.8x||3.7x||3.5x|
|Rent To Monthly Income||0.14x||0.19x||0.2x|
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 192, 0.9x Chevy Chase.
Olney, MD has a cost of living index of 150, 0.7x Chevy Chase.
North Potomac, MD has a cost of living index of 167, 0.8x Chevy Chase.
|City||Population||Cost Of Living||Vs. Chevy Chase|
|North Potomac, MD||24,449||167||0.8x|
|North Laurel, MD||24,233||129||0.6x|
|Kemp Mill, MD||14,509||141||0.7x|
|South Kensington, MD||8,566||181||0.9x|
|Four Corners, MD||8,131||148||0.7x|