Housing costs in Washington?
A typical home costs
$787,700, which is 133.0% more expensive than the national average of
$338,100 and 23.4% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,480 per month, which is 19.6% cheaper than the national average of
$1,840 and 23.0% cheaper than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20012), District of Columbia, a minimum annual income of
$150,840 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Washington?
In 2012, the cost of living in Washington, DC was quite high compared to many other cities. The area has become a hub for young professionals and businesses, which has driven up the cost of rent and other costs of living. According to BestPlaces's Cost of Living Index, the average monthly rent for a one-bedroom apartment in Washington, DC was $1,571 as of May 2012. Additionally, groceries were markedly more expensive than national averages at 12 percent higher than the US average and transportation costs were also above average at 15 percent higher than the US average. Despite its higher prices, Washington DC remains one of the most desirable cities to live in due to its strong job market and vibrant cultural events.