Housing costs in Chevy Chase Village?
A typical home costs
$2,120,100, which is 527.1% more expensive than the national average of
$338,100 and 446.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Chevy Chase Village costs
$2,450 per month, which is 71.3% more than the national average of
$1,430 and 33.9% more than the state average of
$1,620.
Can I afford Chevy Chase Village?
To live comfortably in Chevy Chase Village, Maryland, a minimum annual income of
$406,080 for a family, and
$86,000 for a single person is recommended.
What does A.I. say about Chevy Chase Village?
The cost of living in Chevy Chase Village, MD is relatively high compared to most other places in the country. The median home value in the village is over $1 million and the median household income is nearly six figures. Property taxes are also quite steep, but many residents find this to be a fair trade-off for the excellent schools and safe environment. Despite its high cost of living, Chevy Chase Village offers plenty of amenities such as parks, restaurants, libraries, and stores. Furthermore, it's close proximity to Washington DC allows residents easy access to jobs, entertainment, and culture.