Housing costs in Washington?
A typical home costs
$691,800, which is 104.6% more expensive than the national average of
$338,100 and 8.4% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$2,030 per month, which is 10.3% more than the national average of
$1,840 and 10.3% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20052), District of Columbia, a minimum annual income of
$132,480 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Washington?
In 2005, the cost of living in Washington DC was high but manageable. The median home price was $408,700, and the median rent for a one-bedroom apartment was around $1,100. The overall cost of living index was 132, which is significantly higher than the national average of 100. Groceries and transportation expenses were also more expensive than in other areas of the country. As with any major city, prices for goods and services were higher than in more rural or suburban areas. However, salaries tended to be commensurate with higher costs; many people found that they could manage a comfortable lifestyle within their budgets.