Housing costs in Washington?
A typical home costs
$708,200, which is 109.5% 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
$1,790 per month, which is 2.7% 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 20373), District of Columbia, a minimum annual income of
$135,720 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in 20373 Washington, DC is high compared to other parts of the country. Home prices are among the highest in the nation, with median home values sitting at around $700,000. Rent prices are also quite high, with an average one-bedroom apartment costing around $2,200 per month. Groceries and gas are generally more expensive than other areas as well. In addition to these costs, there is also a sales tax rate of 5.75%. For many people living in 20373 Washington, DC the cost of living can be a challenge to manage on a budget.