Housing costs in Washington?
A typical home costs
$602,600, which is 78.2% more expensive than the national average of
$338,100 and 5.6% less expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$2,730 per month, which is 48.4% more than the national average of
$1,840 and 33.3% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20004), District of Columbia, a minimum annual income of
$115,560 for a family, and
$96,000 for a single person is recommended.
What does A.I. say about Washington?
In 20004 Washington, DC the cost of living is quite high. The overall cost of living index for Washington DC currently stands at 129.2, which is significantly higher than the national average of 100. According to BestPlaces, the average monthly cost of basic utilities for a 915 square foot apartment in 20004 is approximately $180. The rent prices are also considerably high with studios ranging from $1400-$2200 and one bedroom apartments ranging from $1600-$3000 per month. Although some areas may be cheaper, they often lack in quality and amenities. Overall, living in 20004 Washington, DC can be quite expensive but it can also be worth the high cost due to its prime location and availability of amenities.