Housing costs in Washington?
A typical home costs
$369,700, which is 9.3% more expensive than the national average of
$338,100 and 42.1% less expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,270 per month, which is 31.0% cheaper than the national average of
$1,840 and 43.3% cheaper than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20019), District of Columbia, a minimum annual income of
$70,920 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Washington?
Living in Washington, DC in 2019 was quite expensive. According to BestPlaces, the cost of living index for Washington DC was found to be 126.65 which is higher than the average cost of living index across the United States which stands at 100. This means that someone spending an average amount of money on goods and services in Washington DC would pay 26.65% more than the national average. This can be attributed to factors such as high housing costs and high taxes on goods and services. A survey by Apartment List also showed that the median rent for a one-bedroom apartment in Washington, DC was $2,000 per month, making it one of the most expensive cities in the US for renters. In addition, groceries were found to be 19% more expensive than the national average according to BestPlaces's 2019 data.