Housing costs in Washington?
A typical home costs
$609,000, which is 80.1% more expensive than the national average of
$338,100 and 4.6% less expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,200 per month, which is 34.8% cheaper than the national average of
$1,840 and 51.7% cheaper than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20018), District of Columbia, a minimum annual income of
$116,640 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in 2018 Washington, DC is quite high when compared with other parts of the United States. According to BestPlaces, the city has a cost-of-living index of 111.8 which is significantly higher than the national average. Renting a one bedroom apartment in the city center will cost about $2,073 per month while outside of the city center prices can go as low as $1,409 per month. The price of grocery items and consumer goods such as clothing and electronics are also more expensive compared to other places. Transportation costs can also add up quickly due to high gas prices and congested traffic; parking fees can be particularly steep depending on the area. Despite these drawbacks, Washington DC offers plenty of job opportunities and cultural experiences that can make it worth it for those willing to take on the expense of living there.