Washington-Arlington-Alexandria, DC Metro Area is a vibrant and bustling metropolitan area that offers many opportunities for individuals and families. It is home to some of the biggest names in business such as Amazon, Microsoft, and Apple. The cost of living is higher than the national average, with two bedroom rent at $1,820 compared to $1,430 nationally. Additionally, grocery costs are much higher with an index of 111 versus 100 in the US. Despite its higher cost of living Washington-Arlington-Alexandria remains an attractive place to live due to its strong economy and job market.
Washington-Arlington-Alexandria Metro Area has an unemployment rate of 5.6%. The US average is 6.0%.
Washington-Arlington-Alexandria Metro Area has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for Washington-Arlington-Alexandria Metro Area
- The Sales Tax Rate for Washington-Arlington-Alexandria Metro Area is 5.9%. The US average is 7.3%.
- The Income Tax Rate for Washington-Arlington-Alexandria Metro Area is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Washington-Arlington-Alexandria Metro Area
- The average income of a Washington-Arlington-Alexandria Metro Area resident is $43,884 a year. The US average is $28,555 a year.
- The Median household income of a Washington-Arlington-Alexandria Metro Area resident is $111,252 a year. The US average is $69,021 a year.