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EconPulse

Local economy signal dashboard

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PLACEThriving

Chevy Chase, MD

Thriving overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score68out of 100
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69
66
35
76
100

Population

2,906

Data freshness

Unknown

GDP / Output

+4.3% YoY

69

$117.4B

Output changed +4.3% in 2024.

Vintage date unknown

State growth6.0%
U.S. growth5.3%

Jobs

Unemployment rate

66

3.7%

Unemployment is 3.7% for June 2026.

Vintage date unknown

State avg4.3%
U.S. avg4.2%

Population

-2.5% 5-year

35

2,906

Population moved -2.5% over the latest ACS window.

Vintage date unknown

State population6,206,011
U.S. population334,922,499

Housing

Rent share of income

76

16.8%

Median rent consumes 16.8% of median household income: Affordable.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$17.0K per resident

100

$18.0B

$18.0B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$18.0B

$17.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.7B
2. Department of Health and Human Services$4.2B
3. Department of Defense$2.7B

Top recipients

Dollars
1. OPTUM PUBLIC SECTOR SOLUTIONS, INC.$1.3B
2. X ENERGY, LLC$636.7M
3. BAE SYSTEMS TECHNOLOGY SOLUTIONS & SERVICES INC.$576.6M

Affordable

Housing Affordability

16.8%

of median income

1BR estimate$2,871
2BR estimate$3,781
Median income$250,001
Median home value$1,670,600

ACS context

Quick Facts

Population

2,906

Median age

49.5

Bachelor's degree+

95.2%

Poverty rate

2.0%

Labor force participation

65.0%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.5%

GDP CAGR

+4.6%

Federal flow

5 years

Population (5 years)
20202,979
20212,913
20222,879
20232,884
20242,906
GDP (5 years)
2020$93.9B
2021$100.1B
2022$105.6B
2023$112.5B
2024$117.4B

2-year linear forecast

Predictive Outlook

Population forecast

20242,906
20252,860 *
20262,842 *

R² = 47.9% · * projected

GDP forecast

2024$117.4B
2025$123.7B *
2026$129.7B *

R² = 99.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$250,001/yr
Median rent$3,501/mo
Rent share of income16.8%
Est. mortgage (30yr, 6.5%)$101,370/yr
Mortgage share of income40.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.7%
State avg4.3%
U.S. avg4.2%
Labor force participation65.0%
Poverty rate2.0%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$1,670,600
Median monthly rent$3,501
Price-to-rent ratio39.8x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateModerate
Composite score61/100
Economic growth69/100
Labor market66/100
Population momentum35/100
Overall stability68/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Chevy Chase town, Maryland

City/Town

Part of

Washington-Arlington-Alexandria, DC-VA-MD-WV

Nearby locations

Chevy Chase Section Five, MDChevy Chase Section Three, MDMartin's Additions, MDChevy Chase Village, MDChevy Chase, MD