Why is Chevy Chase So Expensive?
A powerful combination of location, luxury, and lifestyle drives the town’s staggering cost of living.
…
- Proximity to Power: Chevy Chase’s primary asset is its location. It’s a “streetcar suburb” that directly borders Washington, D.C. This allows high-earning residents—such as lobbyists, lawyers, politicians, and top executives—to have a quiet, suburban home environment while being just minutes from the capital.
- Exorbitant Real Estate: The town is known for its stunning, multi-million dollar homes. With a median home value well over $1.1 million, the real estate market is one of the most competitive in the country….