Chevy Chase Section Three, MD is an affluent area located just outside of Washington DC. It is home to numerous local companies and government offices providing ample employment opportunities. Rent for a two bedroom in Chevy Chase Section Three, MD is considerably higher than the US average but this comes with the benefit of living in a safe and well-maintained community. The grocery cost index in this area is also significantly higher than the US average though there are many popular stores such as Whole Foods market, Giant Food Stores and Safeway located nearby. Other benefits of living in this neighborhood include access to excellent schools, cultural amenities and plenty of recreational activities.
Chevy Chase Section Three has an unemployment rate of 5.7%. The US average is 6.0%.
Chevy Chase Section Three has seen the job market increase by 0.8% 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 Section Three
- The Sales Tax Rate for Chevy Chase Section Three is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chevy Chase Section Three 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 Section Three
- The average income of a Chevy Chase Section Three resident is $111,786 a year. The US average is $28,555 a year.
- The Median household income of a Chevy Chase Section Three resident is $250,001 a year. The US average is $69,021 a year.