Washington, D.C. is one of the most expensive cities to live in the United States, with a two bedroom rent cost at $2,730 compared to the US average of $1,430. Additionally, the grocery cost index in Washington is 112 versus 100 in other parts of the United States. Despite these prices, many people still choose to call Washington home as it offers a wealth of jobs and opportunities. The city has a diverse economy with large employers such as Inova Health System, Fannie Mae, Marriott International and The World Bank Group all headquartered there. Small and mid-sized companies also thrive in Washington including LivingSocial and Pizzeria Paradiso which are both popular local businesses.
Washington (zip 20004) has an unemployment rate of 7.0%. The US average is 6.0%.
Washington (zip 20004) has seen the job market decrease by -4.1% 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 Washington (zip 20004)
- The Sales Tax Rate for Washington (zip 20004) is 5.8%. The US average is 7.3%.
- The Income Tax Rate for Washington (zip 20004) 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 Washington (zip 20004)
- The average income of a Washington (zip 20004) resident is $137,080 a year. The US average is $37,638 a year.
- The Median household income of a Washington (zip 20004) resident is $132,292 a year. The US average is $69,021 a year.