Housing costs in Federal Reserve Board?
A typical home costs
$698,200, which is 106.5% more expensive than the national average of
$338,100 and 9.4% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Federal Reserve Board costs
$1,790 per month, which is 2.7% cheaper than the national average of
$1,840 and close to the state average of
$1,820.
Can I afford Federal Reserve Board?
To live comfortably in Federal Reserve Board (zip 20551), District of Columbia, a minimum annual income of
$133,920 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Federal Reserve Board?
The cost of living in 20551 Federal Reserve Board, DC is very expensive. It has been ranked one of the most expensive cities in the United States. The median home price is over $800,000 and rental costs are similarly high, making it difficult for people to live comfortably in the area. Groceries and other necessities are also higher than average, making an already high cost of living even more challenging. Despite this high cost of living, many people choose to live in 20551 due to its proximity to downtown Washington D.C., as well as the federal government offices it houses.