Housing costs in Washington?
A typical home costs
$909,100, which is 168.9% more expensive than the national average of
$338,100 and 42.4% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$2,610 per month, which is 41.8% more than the national average of
$1,840 and 30.3% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20008), District of Columbia, a minimum annual income of
$174,240 for a family, and
$91,600 for a single person is recommended.
What does A.I. say about Washington?
In 2008, Washington, DC had a high cost of living compared to other parts of the country. The median home value was $435,000 and the median rent was over $1,100. Food and transportation were also expensive, with the cost of groceries being well above average and public transport fares being relatively high. Due to this expense, it was difficult for many residents in the city to make ends meet.