District of Columbia State is a bustling city with plenty of opportunities for individuals looking to work, live and raise their families. It boasts some of the best educational opportunities in the country and is home to renowned universities like George Washington University and Georgetown. The city is also known for its vibrant cultural scene, featuring world-class museums, galleries, theaters, restaurants, bars and clubs. In addition, the cost of living in District of Columbia is slightly higher than other US states due to its popularity with tourists and businesses alike. Specifically, two bedroom rent averages around $1,840 per month compared to $1,430 across the US as well as a grocery cost index that's 14 points higher than the national average. Companies such as Amazon Web Services, AT&T Government Solutions and Lockheed Martin all have offices located in District of Columbia State.
District of Columbia has an unemployment rate of 7.0%. The US average is 6.0%.
District of Columbia has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for District of Columbia
- The Sales Tax Rate for District of Columbia is 5.8%. The US average is 7.3%.
- The Income Tax Rate for District of Columbia is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for District of Columbia
- The average income of a District of Columbia resident is $46,502 a year. The US average is $28,555 a year.
- The Median household income of a District of Columbia resident is $93,547 a year. The US average is $69,021 a year.