Housing costs in Washington?
A typical home costs
$718,400, which is 112.5% more expensive than the national average of
$338,100 and 12.5% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$2,080 per month, which is 13.0% more than the national average of
$1,840 and 12.5% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20010), District of Columbia, a minimum annual income of
$137,520 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in 2010 Washington, DC was quite high compared to other parts of the United States. The median home value in 2010 was $429,000 which was much higher than the national median home value at the time of $181,200. The median household income for Washington D.C. in 2010 was $88,233 which was significantly higher than the national median household income of $50,221. In addition to these costs, transportation costs were also higher with Washington D.C.'s average gasoline price at $2.80 per gallon compared to the national average of $2.73 per gallon in 2010. Additionally, utilities like electricity and water were priced slightly higher with an estimate rate of 10% above the U.S average rate for electricity and 16% above the U.S average rate for water services in 2010.