Housing costs in Washington?
A typical home costs
$470,700, which is 39.2% more expensive than the national average of
$338,100 and 26.3% less expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$2,010 per month, which is 9.2% more than the national average of
$1,840 and 9.5% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20024), District of Columbia, a minimum annual income of
$90,360 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Washington?
Washington, DC is one of the most expensive cities to live in the United States. In 20024, the cost of living is significantly higher than the national average. Basic monthly expenses such as housing, groceries, and utilities can easily exceed $2,500. Transportation costs are also high due to the city’s congested traffic and limited public transportation options. Although there are certain neighborhoods with lower cost of living, even these areas are still more expensive than most other parts of the country. Overall, Washington, DC is a great place to live if you can afford it but may be out of reach for many potential inhabitants.