Housing costs in Washington?
A typical home costs
$248,300, which is 26.6% less expensive than the national average of
$338,100 and 61.1% less expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$1,890 per month, which is 2.7% more than the national average of
$1,840 and 3.7% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20006), District of Columbia, a minimum annual income of
$47,520 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Washington?
In 20006 Washington, DC the cost of living is relatively high. According to recent data, the overall cost of living index in Washington, DC is 118.3, which is higher than the national average of 100. This means that goods and services in Washington tend to be more expensive than elsewhere in the nation. Housing costs are particularly steep as rent prices have been steadily rising over the past decade. Additionally, groceries and basic necessities are also more expensive than in other places. Nonetheless, many people find that living in a vibrant city such as D.C. is well worth its higher costs of living.