North Chevy Chase, MD is a great place to live and work. It is conveniently located just outside of Washington DC and offers plenty of activities for people of all ages. The 2 bedroom rent in North Chevy Chase is significantly higher than the US average at $2,450 per month. Additionally, the grocery cost index there is also higher than average at 119 versus the US rate of 100. For those looking to work in the area, there are many local businesses offering employment opportunities such as Bethesda-Chevy Chase High School, Suburban Hospital, and Merrick Design & Build Inc. Other features include easy access to public transportation through Metrobus and Metrorail as well as plenty of parks and recreational areas such as Rock Creek Park and Lafayette Park.
North Chevy Chase has an unemployment rate of 5.7%. The US average is 6.0%.
North Chevy Chase 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 North Chevy Chase
- The Sales Tax Rate for North Chevy Chase is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North 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 North Chevy Chase
- The average income of a North Chevy Chase resident is $101,733 a year. The US average is $37,638 a year.
- The Median household income of a North Chevy Chase resident is $233,750 a year. The US average is $69,021 a year.