Housing costs in Washington?
A typical home costs
$668,300, which is 97.7% more expensive than the national average of
$338,100 and 4.7% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$2,410 per month, which is 31.0% more than the national average of
$1,840 and 24.5% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20390), District of Columbia, a minimum annual income of
$128,160 for a family, and
$84,400 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in Washington, DC (zip code 20390) is relatively high compared to other parts of the country. The median home price in the area is $495,000, significantly higher than the national average of $217,000. Additionally, goods and services are generally more expensive due to the city's high tourism rate and large corporate presence. Groceries, clothing, entertainment costs, and various services such as housekeeping all come with a hefty price tag in this cosmopolitan city. With such a high cost of living it takes a lot of money to maintain even a modest lifestyle in Washington DC.