MARYLAND - When it comes to the most expensive place to live in Maryland, one name consistently tops the list: Chevy Chase. This affluent, tree-lined community in Montgomery County is not just one of the wealthiest towns in Maryland; it's also frequently ranked among the richest in the nation. While other exclusive areas like Potomac, Bethesda, and the private Gibson Island are also costly, Chevy Chase often holds the crown for its combination of sky-high home prices and high median incomes.
Why is Chevy Chase So Expensive?
A powerful combination of location, luxury, and lifestyle drives the town's staggering cost of living.
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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.
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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. It's a market defined by grand, historic properties and luxurious, modern estates.
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Wealth and Income: Wealth is concentrated here. Chevy Chase boasts a median household income that consistently ranks as the highest in Maryland, often exceeding $213,000 per year.
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Elite Amenities & Schools: The area is served by some of the nation's top-rated public schools in Montgomery County. It's also home to high-end shopping, exclusive private country clubs, and beautifully manicured parks, all of which contribute to the high cost and desirability.
The Richest County
It's no surprise that Chevy Chase is located in Maryland's wealthiest county. Montgomery County consistently ranks as the richest in the state, boasting the highest per capita income (estimated at over $100,000). This county, which borders Washington, D.C., is home to a cluster of Maryland's most expensive communities, including Potomac and Bethesda, which, along with Chevy Chase, form a trifecta of wealth.
While other areas, particularly in Howard and Talbot counties, also feature multi-million dollar waterfront homes and high incomes, the concentrated wealth and prime D.C.-adjacent location of Chevy Chase solidify its status as the most expensive place to call home in Maryland.
