Housing costs in Washington?
A typical home costs
$663,400, which is 96.2% more expensive than the national average of
$338,100 and 3.9% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,820 per month, which is 1.1% cheaper than the national average of
$1,840 and close to the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20317), District of Columbia, a minimum annual income of
$127,080 for a family, and
$64,000 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in Washington, DC is known to be high due to its prime location and luxurious amenities. In comparison to the national average, the cost of living index for Washington, DC is 154.7, which is much higher than the average of 100. The median home value in 20317 Washington, DC is $474,400 and the median gross rent is approximately $1,890 per month. Consumer prices are 10.7% higher than the national average as well. All these factors contribute to Washington, DC's expensive cost of living for residents and visitors alike.