The residents in Chevy Chase sure know their money, at least that’s what one personal finance website has found. The city ranked 12th nationally on a recent 2022 Best Cities at Money Management list.
Wallethub conducted the survey by comparing 2,572 U.S. cities based on 10 key metrics including average credit score and mortgage debt-to-income ratio. The data for the metrics were collected from TransUnion in September 2021.
The survey found that Chevy Chase citizens have a median credit score of 729, and an average number of late payments of 0.79.
There’s a couple of MoCo cities that weren’t too far behind on the list. Bethesda came in 26th and Potomac placed 40th on the list.
See the entire findings here.