Housing costs in Washington?
A typical home costs
$706,700, which is 109.0% more expensive than the national average of
$338,100 and 10.7% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,760 per month, which is 4.3% cheaper than the national average of
$1,840 and 3.4% cheaper than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20045), District of Columbia, a minimum annual income of
$135,360 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in Washington, DC is quite high. According to BestPlaces, the cost of living index for this area is an overall 85.9 out of 100, which is higher than the national average. The housing index stands at an impressive 96.7, suggesting that rental and property prices can be expensive. Groceries also come with a high price tag as this area has an index rate of 106.2 when compared to the national average; however, utilities are slightly more affordable at 87.3 compared to the rest of the country. All in all, the cost of living in 20045 Washington, DC can be considered quite steep for most people’s budgets.