Chevy Chase Village Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Chevy Chase Village, Maryland? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Chevy Chase Village, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

Median Household Income

According to the latest ACS 5-year survey in 2020, the median household income in Chevy Chase Village is $250,001.00.

The chart below shows the average household income by age in Chevy Chase Village.

  • Under 25
    $0.00
  • 25 to 44
    $250,001.00
  • 45 to 64
    $250,001.00
  • 65 and over
    $250,001.00

Average Household Income

A very commonly asked question is "what is the average household income in Chevy Chase Village, Maryland?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Chevy Chase Village is $492,209.00.

78.06% of households in Chevy Chase Village, Maryland are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Chevy Chase Village but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Chevy Chase Village

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Chevy Chase Village, Maryland easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    1.03%
  • $25,000 to $49,999
    2.21%
  • $50,000 to $74,999
    2.06%
  • $75,000 to $99,999
    2.95%
  • $100,000 to $149,999
    9.28%
  • $150,000 to $199,999
    4.42%
  • $200,000 or more
    78.06%

Per Capita Income

The per capita income is the average income of all people in Chevy Chase Village, Maryland. This is calculated by dividing the total income of all people in Chevy Chase Village by the total number of people in Chevy Chase Village.

It differs from the average or mean household income because it includes all people in Chevy Chase Village and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Chevy Chase Village, Maryland is $178,839.00.

Population in Chevy Chase Village by Race and Ethnicity

The total population in Chevy Chase Village is currently 1,871 people.

The race and ethnicity of the population in Chevy Chase Village can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Chevy Chase Village, Maryland.

  • 91.00% White
    1,703
  • 0.70% Black/African American
    13
  • 0.90% Native
    16
  • 3.20% Hispanic
    60
  • 1.00% Asian
    19
  • 0.20% Hawaiian/Pacific Islander
    3
  • 3.00% Two or more races
    57
  • 0.00% Other
    0

Population of Chevy Chase Village by Age and Gender

Another very important demographics statistic for Chevy Chase Village, Maryland is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 105 122
10 to 19 Years 128 122
20 to 29 Years 40 47
30 to 39 Years 43 78
40 to 49 Years 99 111
50 to 59 Years 121 125
60 to 69 Years 127 148
70 Years and over 229 226

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Chevy Chase Village, Maryland.

  • Master's degree or higher
    45.79%
  • Bachelor's degree
    50.82%
  • Some college or associate's degree
    0.63%
  • High school diploma or equivalent
    1.26%
  • Less than high school diploma
    1.51%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Chevy Chase Village because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Chevy Chase Village look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Chevy Chase Village, Maryland that are over the age of 16.

The current population in Chevy Chase Village that are over the age of 16 is 1,478 people.

The unemployment rate in Chevy Chase Village is 39.20%, which means 580 people are unemployed.

Median Age in Chevy Chase Village

The median age is an interesting metric because it gives us an idea of the age distribution of people in Chevy Chase Village, Maryland. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Chevy Chase Village is 51.9 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Chevy Chase Village

51.9

Total

52.8

Male

50.7

Female

Households and Families

There are a total of 679 households in Chevy Chase Village, and the average household size is 2.76 people.

For families, the total number is 609, and the average family size is 2.92 people.

0.50% of those families in Chevy Chase Village, Maryland are living below the poverty line.

The table below shows the poverty thresholds for Chevy Chase Village in 2022.

Household Size Poverty Threshold
1 Person $13,590.00
2 People $18,310.00
3 People $23,030.00
4 People $27,750.00
5 People $32,470.00
6 People $37,190.00
7 People $41,910.00
8 People $46,630.00

Please note that the poverty thresholds shown above are from 2022, while the latest demographics data we have is from 2020.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Chevy Chase Village, Maryland for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 581 2 26 70
Average Household Size 2.98 2 2.19 1.1
Total Families 581 2 26 0
Average Household Size 2.96 2 2.19 0

Housing Data in Chevy Chase Village

There are total of 727 housing units in Chevy Chase Village, Maryland. Of those units, 679 (93.40%) are occupied, and 48 (6.60%) are vacant.

Rental Rates

Of the 727 housing units in Chevy Chase Village, 14 (1.93%) are occupied by renters. The median rent paid by renters is $2,700.00.

Owner occupied housing units make up the remaining 90.78% of housing units, with 660 housing units in total.

The table below breaks down how much rent is paid by renters in Chevy Chase Village, Maryland.

  • No rent paid
    5
  • Less than $500
    0
  • $500 to $999
    0
  • $1,000 to $1,499
    0
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    5
  • $2,500 to $2,999
    5
  • $3,000 or more
    4

Property Values

The median value of a property in Chevy Chase Village is $1,937,500.00.

The table below breaks down the range of valuations for all properties in Chevy Chase Village.

  • Less than $50,000
    3
  • $50,000 to $99,999
    0
  • $100,000 to $149,999
    2
  • $150,000 to $199,999
    5
  • $200,000 to $299,999
    7
  • $300,000 to $499,999
    0
  • $500,000 to $999,999
    29
  • $1,000,000 or more
    614

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Chevy Chase Village, Maryland.

  • 1939 or earlier
    458
  • 1940 to 1949
    131
  • 1950 to 1959
    76
  • 1960 to 1969
    22
  • 1970 to 1979
    12
  • 1980 to 1989
    13
  • 1990 to 1999
    13
  • 2000 to 2009
    2
  • 2010 to 2013
    0
  • 2014 or later
    0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Chevy Chase Village has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    8
  • 1 vehicle available
    150
  • 2 vehicles available
    338
  • 3 or more vehicles available
    183

Commuting to Work in Chevy Chase Village

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Chevy Chase Village, Maryland, how they commute, and how that correlates to other data points.

The average travel time is 28.6 minutes, and the chart below covers the range of travel times across the population of Chevy Chase Village.

  • Less than 5 minutes
    5
  • 5 to 9 minutes
    51
  • 10 to 14 minutes
    40
  • 15 to 19 minutes
    65
  • 20 to 24 minutes
    89
  • 25 to 29 minutes
    80
  • 30 to 34 minutes
    169
  • 35 to 39 minutes
    25
  • 40 to 44 minutes
    45
  • 45 to 59 minutes
    105
  • 60 to 89 minutes
    33
  • 90 or more minutes
    0

We can also look at the means of transport in Chevy Chase Village to see which modes of transport people are using to commute to work.

  • Drove alone
    418
  • Carpooled
    90
  • Public transportation
    129
  • Walked
    44
  • Other means
    26
  • Worked from home
    163

Conclusion

Hopefully this article has given you the demographics data you were looking for in Chevy Chase Village, Maryland.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Chevy Chase Village.

Link To or Reference This Page

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If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "Chevy Chase Village Average Income, Population and Demographics". NameCensus.com. Accessed on October 5, 2022. https://namecensus.com/demographics/maryland/montgomery-county/chevy-chase-village/.

  • "Chevy Chase Village Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/maryland/montgomery-county/chevy-chase-village/. Accessed 5 October, 2022

  • Chevy Chase Village Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/maryland/montgomery-county/chevy-chase-village/.