Housing costs in North Chevy Chase?
A typical home costs
$1,090,100, which is 222.4% more expensive than the national average of
$338,100 and 180.9% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in North Chevy Chase costs
$2,450 per month, which is 71.3% more than the national average of
$1,430 and 33.9% more than the state average of
$1,620.
Can I afford North Chevy Chase?
To live comfortably in North Chevy Chase, Maryland, a minimum annual income of
$208,800 for a family, and
$86,000 for a single person is recommended.
What does A.I. say about North Chevy Chase?
The cost of living in North Chevy Chase, MD is relatively high compared to other parts of the country. The median home value in North Chevy Chase is over $500,000, and rent prices are also quite high. Groceries, transportation, and utilities are all more expensive than the national average. The area also has higher taxes than most parts of the country. That being said, North Chevy Chase does offer a variety of amenities and services that can offset the higher costs associated with living there. There are excellent public schools and plenty of parks and recreational activities available to residents. Additionally, North Chevy Chase is conveniently located close to Washington DC so residents have access to a wide range of cultural activities and job opportunities.