Zip 20815 (Chevy Chase, MD) Economy


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20815 Chevy Chase, MD is a vibrant neighborhood in Montgomery County. It boasts a variety of amenities that make it the perfect place to call home. The area offers 2 bedroom apartments for rent at $2,400 per month on average. This is significantly higher than the US average of $1,430 for 2 bedroom apartments. Grocery costs are also higher in this area with a grocery cost index of 119 versus 100 in the US; however, there are plenty of local companies offering high quality items at competitive prices. Local businesses include Safeway, Giant Food and CVS Pharmacy all located within 5 miles of 20815 Chevy Chase.

Chevy Chase (zip 20815) has an unemployment rate of 5.7%. The US average is 6.0%.

Chevy Chase (zip 20815) 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 (zip 20815)
- The Sales Tax Rate for Chevy Chase (zip 20815) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chevy Chase (zip 20815) 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 (zip 20815)
- The average income of a Chevy Chase (zip 20815) resident is $95,929 a year. The US average is $28,555 a year.
- The Median household income of a Chevy Chase (zip 20815) resident is $175,053 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChevy Chase, MarylandUnited States
  5.76
  -6.5%-6.2%
  31.0%33.5%
  6.0%6.2%
  8.0%4.6%
  $123,297$37,638
  $175,053$69,021
  $250,001$85,028
  Population by Occupation
  0.2%1.2%
  0.2%0.5%
  2.1%6.8%
  1.4%10.0%
  0.5%2.5%
  5.4%11.0%
  1.0%4.8%
  0.2%0.8%
  3.7%1.9%
  7.0%4.7%
  2.9%1.9%
  27.0%7.6%
  0.1%0.1%
  1.9%4.2%
  10.0%9.3%
  9.4%14.0%
  3.1%2.1%
  2.7%7.0%
  7.3%4.8%
  14.0%4.7%
Health