Chevy Chase cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexChevy ChaseMarylandNational
Cost of living index208115100
IndexChevy ChaseMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index464154100
Transportation index108108100
Utilities index10199100
An overview of the general cost of living index for Chevy Chase, MD is displayed above for your reference. Residents in Chevy Chase, MD enjoy a cost of living index of 208. This index is 81% higher than the Maryland average, and 108% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Chevy Chase, MD, the average cost of goods and services is 1% higher than it is in Maryland, and it is 8% lower than the national average.

Did you know?

  • The cost of living in Chevy Chase is 81% higher than the Maryland average.
  • The cost of living in Chevy Chase is 108% higher than the national average.
  • The cost of housing in Chevy Chase is 364% higher than the national average.
  • Maryland general sales tax is 18% higher than the national average.
  • Maryland state income tax is 10% lower than the national average.

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Compare Chevy Chase, MD Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Chevy Chase, MD to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Chevy Chase, MD, then you would need to earn more income in order to maintain the same standard of living. To use the Chevy Chase, MD salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$250,001$20,833$5,833$7,501
Renters$110,833$9,236$2,586$3,325
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Chevy Chase, MD, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Chevy Chase, MD has a median income of about $250,001 for people who own homes. Based on that number, a person should spend a maximum of $5,833 on expenses related to housing. Renters have a slightly different median income, which is $110,833. Based on this average, renters should spend no more than $2,586 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
When assessing the complete cost of living in Chevy Chase, MD, the Maryland income tax and the Maryland sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Maryland maximum surtax is 6%, and the Maryland sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Maryland.

Goods & Services

ItemChevy ChaseNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $47.00$34.6835.5%
Toothpaste $2.18$2.4711.9%
Shampoo $0.99$1.023.1%
Movie $11.94$9.8721.0%
Bowling $5.30$4.3920.7%

Groceries

ItemChevy ChaseNational avg.Difference
Ground Beef $2.99$4.4833.2%
Fried Chicken $1.59$1.468.6%
Milk $2.65$2.3612.4%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $8.59$8.630.5%

Health Care

ItemChevy ChaseNational avg.Difference
Optometrist $71.67$99.7828.2%
Doctor $64.00$105.0339.1%
Dentist $81.75$88.707.8%
Ibuprofen $10.83$9.4115.1%
Lipitor $293.64$298.501.6%

Housing

ItemChevy ChaseNational avg.Difference
Home Price $1,064,000.00$175,700.00505.6%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemChevy ChaseNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.00$45.296.0%

Utilities

ItemChevy ChaseNational avg.Difference
All Electricity$178.68$170.804.6%
Phone $26.86$28.264.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Capitol Heights, MD4,4521055%
Silver Hill, MD5,3351055%
Seat Pleasant, MD4,6561055%
Chevy Chase, MD2,907208108%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Milaca, MN2,90789-11%
Susquehanna Trails, PA2,90699-1%
Butler, IN2,90880-20%
South Paris, ME2,90699-1%
Dayton, WA2,90587-13%
Chevy Chase, MD2,907208108%
Source: The Chevy Chase, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.