Housing costs in Washington?
A typical home costs
$707,800, which is 109.3% more expensive than the national average of
$338,100 and 10.9% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,750 per month, which is 4.9% cheaper than the national average of
$1,840 and 4.0% cheaper than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20260), District of Columbia, a minimum annual income of
$135,720 for a family, and
$61,600 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in 20260 Washington, DC is expensive compared to other parts of the country. According to BestPlaces, a website that tracks cost of living data across the world, the cost of living index in Washington, DC is 160.9 which is 21.1% higher than the US average. Groceries are 8.6% more expensive than the rest of the country and housing costs are 46% higher than the national average. Despite this, housing prices remain relatively low compared to many other cities in the United States due to its proximity to high-paying jobs and government organizations. The transportation system is good in Washington, although it can be crowded at peak times. All in all, while the cost of living may be high in comparison to other cities around America, Washington offers its residents great opportunities for employment and a vibrant culture that make it worth considering as a place to live.