Moving to DC? Here’s how the cost of living has changed over the past year
From its pedestrianized neighborhoods to renowned restaurants and educational museums, DC has a lot to offer. But settling there is not cheap.
From its pedestrianized neighborhoods to renowned restaurants and educational museums, DC has a lot to offer. But moving to the District doesn’t come cheap.
There are a few things to consider when it comes to how much it costs to live comfortably, especially as the cost of living continues to rise.
According to rent.com, living in the district costs 53% more than the national average. The average rent is a whopping 153% higher than what renters can expect to find in other cities; just over a year, the cost of a rental has increased by 6%.
There are a few affordable options to consider, like Washington Highlands or Arlington, just minutes from the city. And the transportation isn’t too bad, with a walking score of 83 according to Apartment Guide. But when you consider utilities, DC’s costs climb up to 16% above the national average.
Health spending is a plus, on average 7% less than other large cities.
If you are still planning to move to the nation’s capital, a two-bedroom in the district for 30% of your gross income is doable with a salary of around $ 126,000, which represents other living expenses.
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