Housing costs in Washington?
A typical home costs
$571,500, which is 69.0% more expensive than the national average of
$338,100 and 10.5% less expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,660 per month, which is 9.8% cheaper than the national average of
$1,840 and 9.6% cheaper than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20017), District of Columbia, a minimum annual income of
$109,440 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in Washington, DC in 2017 was very high. The overall cost of living index was rated at 121.3, which is 21.3% higher than the United States average of 100. Rent prices were especially steep, with a median one-bedroom apartment costing $2,100 per month and a two-bedroom costing over $2,500. Additionally, groceries and other necessities could be expensive due to the high number of tourists visiting the city each year. As such, residents had to budget carefully to ensure they had enough money for all their needs.