Washington, DC is a city full of life and opportunity. With its close proximity to the White House and other key government buildings, it has become an appealing place to live for many people. The average two bedroom rent in Washington, DC is $2,610 which is higher than the US average of $1,430. Additionally, the grocery cost index in Washington, DC is 119 versus the 100 index of the US. Despite these higher costs, Washington offers numerous opportunities for residents to take advantage of. Companies like Amazon Web Services, Lockheed Martin Corporation and Northrop Grumman Corporation are just some of the many local companies that have chosen this area as their base of operations. There are also numerous options for entertainment and culture – from historical landmarks to world-class museums to excellent restaurants – making Washington one of America’s most vibrant cities.
Washington (zip 20008) has an unemployment rate of 7.0%. The US average is 6.0%.
Washington (zip 20008) 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 20008)
- The Sales Tax Rate for Washington (zip 20008) is 5.8%. The US average is 7.3%.
- The Income Tax Rate for Washington (zip 20008) 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 20008)
- The average income of a Washington (zip 20008) resident is $102,696 a year. The US average is $37,638 a year.
- The Median household income of a Washington (zip 20008) resident is $119,681 a year. The US average is $69,021 a year.