Chevy Chase town, MD is a desirable place to live for many people due to the great local amenities and cost of living. The average two-bedroom rent in Chevy Chase town is $2,450 per month which is much higher than the US average of $1,430. Additionally, the grocery cost index in Chevy Chase town is 119 compared to 100 in the US meaning groceries are slightly more expensive. The multitude of restaurants and shops make up for these costs as residents can visit places such as Magruder's Supermarket or Bethesda Co-op Grocery Store for all their needs. Furthermore, local companies such as Starwood Hotels & Resorts Worldwide Inc., Marriott International Inc., and Discovery Communications have headquarters in Chevy Chase town making it a great place to both live and work.
Chevy Chase has an unemployment rate of 5.7%. The US average is 6.0%.
Chevy Chase 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
- The Sales Tax Rate for Chevy Chase is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chevy Chase 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
- The average income of a Chevy Chase resident is $118,314 a year. The US average is $28,555 a year.
- The Median household income of a Chevy Chase resident is $250,001 a year. The US average is $69,021 a year.