Chevy Chase, MD is an affluent suburb of Washington DC located in Montgomery County. It is known for its many shopping districts, beautiful parks, excellent schools, and low crime rate making it a desirable place to live. The cost of living may be higher than the national average but the population enjoys amenities like grocery stores such as Giant Food and Whole Foods which have prices indexed higher than the US Average. There are also many businesses located in Chevy Chase such as Marriott International, Choice Hotels International and Discovery Communications. With all these conveniences and attractions, it's easy to see why Chevy Chase is an ideal location for young professionals looking for a safe and lively community.
Chevy Chase CDP has an unemployment rate of 5.7%. The US average is 6.0%.
Chevy Chase CDP has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Chevy Chase CDP
- The Sales Tax Rate for Chevy Chase CDP is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chevy Chase CDP is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Chevy Chase CDP
- The average income of a Chevy Chase CDP resident is $122,696 a year. The US average is $37,638 a year.
- The Median household income of a Chevy Chase CDP resident is $207,971 a year. The US average is $69,021 a year.