Housing costs in Chevy Chase?
A typical home costs
$1,617,200, which is 378.3% more expensive than the national average of
$338,100 and 316.7% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in 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 Chevy Chase?
To live comfortably in Chevy Chase, Maryland, a minimum annual income of
$309,960 for a family, and
$86,000 for a single person is recommended.
What does A.I. say about Chevy Chase?
The cost of living in Chevy Chase Town, MD is quite high. According to Best Places, the median home cost is over one million dollars and the median household income is over $200,000. The area has been ranked as one of the most expensive places to live in Maryland and it is not unusual for the real estate market to have homes selling for well over two million dollars. Despite the high costs associated with living in Chevy Chase Town, it remains an incredibly desirable place to live due to its close proximity to Washington D.C., excellent schools, safe neighborhoods, great restaurants, and an array of recreational activities available nearby.