Housing costs in Washington?
A typical home costs
$1,124,400, which is 232.6% more expensive than the national average of
$338,100 and 76.1% more expensive than the average District of Columbia home, at
$638,400. Renting a two-bedroom unit in Washington costs
$2,050 per month, which is 11.4% more than the national average of
$1,840 and 11.2% more than the state average of
$1,820.
Can I afford Washington?
To live comfortably in Washington (zip 20016), District of Columbia, a minimum annual income of
$215,280 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Washington?
The cost of living in Washington, DC in 2016 was relatively high. According to the Cost of Living Index from BestPlaces, Washington DC had a score of 104.80 in 2016, which made it about 4.8% higher than the national average cost of living. This has caused the median home price to be $624,000 and rental prices to remain steady throughout the year with an average rent for a one-bedroom apartment being around $1,875 per month. Additionally, basic groceries, transportation costs, and entertainment expenses were all slightly more expensive than many other parts of the country as well.