According to statistics, the population in Chesapeake City, MD amounts to 777, which shows growth 9% compared to the previous year. The median age of the city’s residents is 43. The average household income is $59,904, shifting growth 8% from the past year, and the average property value in Chesapeake City, MD growth 4% to $271,700 throughout the year.
|Number Of Employees||433|
|Median Property Value||$271,700|
The average household income in Chesapeake City, MD grew from $55,500 to $59,904 in the past year. This data is an estimate based upon 345 households in Chesapeake City, MD . The chart below presents how household income is distributed in Chesapeake City, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Chesapeake City, MD shifted from $261,200 to $271,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chesapeake City, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chesapeake City, MD properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chesapeake City, MD compared to median property taxes around the country. The prevalent amount of property taxes in Chesapeake City, MD equals $3000, which is less than the national average.