Housing costs in Washington?
A typical home costs
$703,500, which is 108.1% more expensive than the national average of
$338,100 and 10.2% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,740 per month, which is 5.4% cheaper than the national average of
$1,840 and 4.6% cheaper than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20064), District of Columbia, a minimum annual income of
$134,640 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in Washington, DC in 20064 is considered high compared to the national average. The median rental price for a one-bedroom apartment is around $2,000 per month, and the median home price is around $400,000. Groceries, restaurant meals and transportation costs are all relatively high compared to other cities. In addition, taxes are higher than in many other areas of the country due to the federal government presence. Despite this, Washington, DC remains an attractive destination for many due to its excellent job opportunities and cultural attractions.