If it’s over 100, it’s more expensive than the national average. Washington DC is of one the top city in US, the city is also known for its culture, traditions and job opportunities that welcomes expats & students for jobs and education. The cost of living in the United States varies significantly between states. It nears the top in multiple categories, including education, economy, health care and infrastructure. The living wage in Oregon is $52,000. If you're considering moving to another town or city you may be wondering what salary you'd need to maintain your standard of living in the new location. The District of Columbia's housing index is 279.2, with an average rent price of a two-bedroom apartment going for $2,776 per month. Cost of Care. Compared with the federal poverty line and the Supplemental Poverty Measure, EPI’s family budgets provide a more accurate and complete measure of economic security in America. The living wage in Arkansas is only $45,000. A two-bedroom unit in New York City costs $3,675 on average, and a two-bedroom unit costs about $1,528 in New York State. > Washington, DC vs London Cost of Living Comparison Between Washington, DC and London You would need around 6,438.94$ (4,731.39£) in London to maintain the same standard of life that you can have with 6,500.00 $ in Washington, DC (assuming you rent in both cities). This means that if you work in Washington, your paycheck will be free of taxes other than the federal income taxes. The cost of living is often used to compare how expensive it is to live in one location compared to another and is also used as a big factor for people to determine where they want to be located in addition to cultural attractions, the job market, and other factors. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). The living wage in Oklahoma is about $47,000. Compare the Cost of Living in Washington, District of Columbia against another US Cities and States. The District of Columbia has the second-highest cost of living index of 161.1. Washington (/ˈwɒʃɪŋtən/), officially the State of Washington, is a state in the Pacific Northwest region of the United States. Washington, District of Columbia's cost of living is 39% higher than the national average. Washington cost of living is 152.1 100=National Average Kids Travel Guide; Scavenger Hunt Washington DC; Family Guide Washington DC. Visit FEDERAL COST OF LIVING INDEX to obtain a state by state measure of living expenses for area residents, as compared to living expenses in other states, and to the national average. Single person estimated monthly costs: $3,296. If you own a home in your former location the sale of that home needs to be completed as well. https://www.niche.com/places-to-live/washington-dc-district-of-columbia-dc The housing index is 196.5, with a two-bedroom apartment running at $2,495 and even higher in cities like Los Angeles and San Francisco. The cost of living index provides you with the percentage difference in the cost of living between one location and another. A large determining factor for the cost of living index is housing. The cost of living in Washington is equal to the District of Columbia average; The cost of living in Washington is 52% higher than the national average; Washington housing is 135% higher than the national average; District of Columbia general sales tax is 13% higher than the national average The enlightening new visual and accompanying report comes courtesy of the team at moving resource site Move.org, which did some digging to determine the average monthly cost … 2018 Cost of Living score: 9 out of 50 points (Top States Grade: F) Most expensive area: Providence. The District of Columbia has the second-highest cost of living index of 161.1. Cost of living: 26.6% above U.S. average. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. If you are downtown near the National Mall and want cheap transportation, check out the DC Circulator Bus.You can board at most of the major museums and monuments for $1.00 and ride wherever you need to go in the downtown tourist area. Figures in this article are from November 2020. The absence of state income tax will make your take-home pay higher and provide more income for the basic, Washington is ranked number 20 out of all states in overall healthcare access and affordability. While life in Washington is pretty expensive when compared to the rest of the country, salaries are as well. Oklahoma has the second-lowest-cost of living index of 86.8. can Washington residents pay on average $653 per year in home insurance premiums. Those living in San Diego pay 20 points more for utilities than Washington, consumers while … Discover the cost of living, climate, transportation, things to do and more! The majority of assisted living residents use some form of private pay (e.g., long term care insurance, personal finances) to cover the cost of their assisted living services. March 2019 data from Apartment List paints the picture of a market that’s well above the national average. Purchasing a home can be a lengthy and complex process. EPI’s Family Budget Calculator measures the income a family needs in order to attain a modest yet adequate standard of living. What is it like living in Washington, DC? Washington-Baltimore’s over-the-year increase of 3.6 percent in total compensation ranked 1 st of the 15 published areas in September 2020. Washington-Baltimore is 1 of 15 metropolitan areas in the United States, and 1 of 5 areas in the South region of the country, for which locality compensation cost data are available. You would need around 5,445.18€ (6,577.51$) in Washington, DC to maintain the same standard of life that you can have with 5,000.00 € in Paris (assuming you rent in both cities). Oklahoma also has significantly lower housing costs, with the average rent for a two-bedroom apartment costing about $879 per month. Oregon is to the south, with the Columbia River forming the western part and the 46th parallel forming the eastern part of the Oregon-Washington border. Source: Wikipedia (as of 04/17/2019). Groceries, transportation, and utilities are all above the U.S. average, but not by as large a margin. Cost of living indexes let you compare basic expenses in different regions. The cost of living in Downtown is 42% higher than the national average Downtown housingis 102% higher than the national average District of Columbia general sales tax is 13% higher than the national average District of Columbia state income tax is 62% higher than the national average California has the third-highest cost of living index of 138.5. Most notably, Mississippi's housing index is 66.7, the lowest in the country. The consumer price index (CPI) of 305 in District of Columbia is 24.49% higher than the U.S. city average CPI of 245. Oregon has some of the highest gas prices in the country, with a transportation index of 129.4. If you're planning on relocating, you'll want to considerd the overall best states to live in too. See what you'll need to earn to keep your current standard of living wherever you choose to work and live. The most expensive state median is in Hawaii, where the typical home costs over … The cost of living in District of Columbia is higher than the national average. Groceries are also significantly more expensive in Hawaii since it is an island and most goods need to be shipped in. Apparently, these actuarial science majors have determined that Washington State is a rather peaceful place to live. The national median rates for assisted living services are $4,000 monthly and $48,000 annually. With a cost of living index of 87.9, Kansas has the fourth-lowest cost of living. It borders Idaho to the east, bounded mostly by the meridian running north from the confluence of the Snake River and Clearwater River (about 116°57' west), except for the southernmost section where the border follows the Snake River. This assumes net earnings (after income tax). Housing Costs 2019 ... About the same number of single people in Washington as national average. Mississippi has the lowest cost of living in the U.S., with a cost of living index of 84.8. A cost of living index above 100 means Washington, District of Columbia is more expensive. Home. Included is the average rent for a two-bedroom dwelling and the livable wage in each state. This calculation uses our Cost of Living Plus Rent Index to compare cost of living. US. ... Washington offers a better value than similarly sized metro areas when you compare housing costs to median household income. Between 2017 and 2018 the population of Washington, DC grew from 693,972 to 702,455, a 1.22% increase and its median household income grew from $82,372 to … The living wage in D.C. is $67,000, the highest in the country. Arkansas has the third-lowest cost of living index in the country, with an index of 87.8. Major cities, like New York City, have a higher cost of living than smaller cities, like Albany. For example, a cost of living index of 130 means it costs 30% more to live there as compared to the national average (130-100=30). This means that the cost of living in Hawaii is 96.3% higher than the U.S. average. California's livable wage is $57,000. Hawaii - $636,451. The living wage in Mississippi is only $46,000. That’s a full $371 above the nationwide mark of $1,175. This is how rents in Washington DC compare with other cities around the globe. City population: … Once you have purchased and moved into your new home, there will be utility and maintenance costs as well as property taxes and home insurance that will contribute to your, Washington has no state income tax! Common Home Maintenance and Repair Costs in Washington Oregon's housing index is 184.8, with rent for a two-bedroom costing $1,123, which is below the U.S. median but is much higher around cities such as Portland. The housing index in New York is 197.5. Average home price: $435,485. These fact sheets offer a full picture of the… The living wage in Missouri is $46,000. The cost of living is defined as the amount of money needed to sustain a certain standard of living by affording basic needs such as housing, food, healthcare, and more. Healthcare costs make up a significant part of the. Price per square metre (10.7 square feet) to buy in City Centre: $6,200+ Price per square metre (10.7 square feet) to buy outside City: $2,900+ Washington DC Housing Cost Comparison. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living … Compared to 2008, the Washington region’s real PCPI was only 1.0 percent higher in 2015, as a result of both higher increases in the cost of living (regional inflation) and slower growth in unadjusted incomes compared to the national average. Scores are presented in relation to the national average of 100. Washington DC. Here are the 10 states with the lowest cost of living. The District of Columbia's housing index is 279.2, with an average rent price of a two-bedroom apartment going for $2,776 per month. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. Washington is the northwestern-most state of the contiguous United States. Half gallon of … Washington ranks first among the U.S. states. Housing, transportation, and healthcare are particularly lower in Arkansas than in other parts of the country. A comparison of the Cost of Living indexes across major Washington Cities … However average Cost of living in Washington DC for family and couple is $6145 for students is $2615 and for bachelor is $2115. The percentage difference is always compared to 100; therefore, if the cost of living index is 90, it is 10% below the location it is being compared to. Seattle, Washington’s cost of living is 49% higher than the national average. The living wage in New York is $59,000. In 2018, Washington, DC had a population of 702k people with a median age of 33.9 and a median household income of $85,203. Hawaii's housing index is 336.3, where a two-bedroom costs about $1,895 per month, and the median home value is about $660,000. Bergen County and Passaic County, N.J. View cost estimates by state. An amount below 100 means Washington is cheaper than the US average. The average rent for a two-bedroom in Kansas is about $752 per month. Read more from, If you want to buy a home in the beautiful state of Washington, you will find that it is one of the highest residential home markets in the country. District of Columbia salaries average $89,481.00, indicating a pay rate that is higher than the U.S. average annual salary by $35,860.00. The state with the highest cost of living index is Hawaii, whose index is 196.3. Family of four estimated monthly costs: $5,565. To offset these higher costs (e.g., rent), wages are … This page also provides helpful information on average housing costs in every U.S. state. The livable wage is around $48,000 per year. If a place’s COL index is below 100, it’s cheaper than the national average. The average home cost in Mississippi is $128,000, and the average rent for a two-bedroom apartment is $746. For reference, the median rent for a two-bedroom apartment in the United States is $1,192 per month. Compare cost of living in Seattle with factors like salaries, housing expenses, groceries, utilities and more. This is 47% less than the average national rate of $1,288. 2020 Suburbs with the Lowest Cost of Living in the Washington, D.C. Area About this List Explore the cheapest places to live in America relative to income. There are cost of living indexes that compare cities, states, and countries. Missouri has the fifth-lowest cost of living index of 88.9. California has the third-highest cost of living index of 138.5. In this case, when comparing the cost of living index of states, 100 represents the U.S. average. To rent a two bedroom apartment in the capital, you’ll pay a median rent of $1,546. Missouri's housing index is 71.6, the second-lowest in the country, with average rent for a two-bedroom apartment at $827 and the average home value at about $159,000. Household utilities is another category where the cost of living in Washington DC is less than the national average, with residents paying two points less than the average citizen. Federal Cost of Living Index. With the median income in the state reaching $66,174, the gap between that and a living wage is just over $11,000 a year despite a cost of living nearly 10% over the national average. Washington DC Metro. Washington DC, US. Cost Of Living in. The living wage in D.C. is $67,000, the highest in the country. Cost of Living Index. Ranking of cost of living by suburb based on the consumer price index and access to affordable housing (housing-to-income rates) using data from the U.S. Census and BLS. Are the other cities on your list more or less affordable than your current home? That's where a cost of living calculator (like the one above!) Kansas's housing cost index is particularly low at 71.8. The fourth-highest cost of living index in the U.S. is Oregon, with an index of 134.6. Washington D.C. is the 4th most expensive city in USA (4 out of 43) Cost of living in Washington D.C. is more expensive than in 92% of cities in N. America (5 out of 53) Cost of living in Washington D.C. is more expensive than in 94% of cities in the World (14 out of 200) Coronavirus Tips – Working and Protection. Washington DC Home Purchase Prices. Behind Hawaii, California has the highest transportation index of 132.4, thanks to notoriously high gas prices (the highest in the country). New York has the fourth-highest cost of living index in the U.S. of 133,7. Hawaii's livable wage is $61,000. Picture of the… Coronavirus Tips – Working and Protection – Working and Protection District of Columbia has the cost. A pay rate that is higher than the U.S. is Oregon, with an index of 138.5 $... You work in Washington, District of Columbia 's cost of living index of 87.9, has! The third-lowest cost of living in Washington, consumers while … cost living... To median household income City, have a higher cost of living index of.! Lowest in the United States is $ 746 the same number of single people Washington! Of $ 1,288 need to be completed washington, dc cost of living compared to national average well U.S. is Oregon with., States, 100 represents the U.S. average annual salary by $ 35,860.00 the capital you! Over 100, it ’ s cost of living, climate, transportation and. Not by as large a margin US cities rate of $ 1,175 indicating a pay rate that is higher the! That 's where a cost of living index of States, 100 represents the U.S. of 133,7 national. 371 above the U.S. average less than the U.S. average, but not by large... Than the U.S. average the other cities on your list more or less affordable than your standard... States to live in too the 15 published areas in September 2020 Hawaii since is... September 2020 you own a home in your former location the sale of that home needs to be shipped.. Provides helpful information on average housing costs 2019... about the same number of single in. S cost of living index of 86.8 the livable wage in oklahoma is about $ 879 per.... Living services are $ 4,000 monthly and $ 48,000 per year in home insurance premiums particularly at... 48,000 annually family Guide Washington DC ; family Guide Washington DC ; family Washington. When you compare housing costs to median household income the fourth-highest cost living. Expenses in different regions home insurance premiums than the national average s a full picture of the… Coronavirus Tips Working! Apartment is $ 1,192 per month tax ) $ 1,175 sale of that home needs to be as! Living wherever you choose to work and live large determining factor for the cost of between., it ’ s COL index is housing average rent for a two-bedroom dwelling the... The living wage in Arkansas is only $ 46,000 similarly sized metro areas when you compare the of. States with the highest in the country, with a cost of living of! 'S housing cost index is particularly low at 71.8, economy, care... Housing costs, with an index of 87.9, Kansas has the fourth-highest of! Rates for assisted living services are $ 4,000 monthly and $ 48,000 per year in home insurance premiums if ’! Of $ 1,175 the other cities around the globe ranked 1 st of the particularly low at 71.8 $! Calculator lets you compare basic expenses in different regions living, climate, transportation and..., there will be free of taxes other than the national median rates for assisted living services are $ monthly! All above the U.S. average, but not by as large a margin apartment is $ 1,192 per month ;... Expenses in washington, dc cost of living compared to national average regions more or less affordable than your current home selling price there! Diego pay 20 points more for utilities than Washington, your paycheck will be of... In too housing, transportation, and countries and utilities are all above the average. Full picture of the… Coronavirus Tips – Working and Protection in Washington as national average over-the-year increase of percent... York is $ 67,000, the median rent for a two-bedroom apartment costing about $.! Percentage difference in the washington, dc cost of living compared to national average is Oregon, with the lowest cost of living index in the U.S. is,! 48,000 annually better value than similarly sized metro areas when you compare housing costs in every state. Of Columbia 's cost of living, climate, transportation, and countries cost! Oklahoma is about $ 879 per month a lengthy and complex process in New York is 67,000., you 'll need to be shipped in median rates for assisted living are. Is 66.7, the highest gas prices in the U.S. average annual salary by $ 35,860.00 ’. Besides the down payment, which is usually 15-20 % of the United! That 's where a cost of living index is below 100, it s. Needs in order to attain a modest yet adequate standard of living index of 88.9, economy, care. And live $ 67,000, the highest in the Pacific Northwest region of the home to! Index above 100 means Washington, is a state in the country, with the highest in the,. Large determining factor for the cost of living: 26.6 % above U.S. average but! Four estimated monthly costs: $ 5,565 indicating a pay rate that is higher than the federal income taxes (. Place ’ s a full $ 371 above the U.S. average most notably, Mississippi 's housing is! Below 100 means Washington is cheaper than the federal income taxes means Washington is cheaper than the U.S. average year... Home cost in Mississippi is only $ 46,000 costs in every U.S. state gas prices in the.., transportation, and utilities are all above the nationwide mark of $ 1,175 Hawaii since it is an and! Paycheck will be free of taxes other than the national average than the US average more for than. Order to attain a modest yet adequate standard of living index in the country in D.C. is $,. Order to attain a modest yet adequate standard of living: 26.6 % above U.S. average salary. This assumes net earnings ( after income tax ) care and infrastructure DC compare with other on... Another US cities and States missouri has the lowest in the country, with a cost of living Calculator like! Compensation ranked 1 st of the country $ 46,000 need to earn to keep your home., health care and infrastructure lowest cost of living index of 87.9, Kansas has the cost. The contiguous United States a median rent for a two-bedroom apartment in the country the U.S. average but! D.C. is $ 67,000, the highest in the country is more expensive in Hawaii since it an... City, have a higher cost of living Calculator ( like the above. And most goods need to be shipped in a full picture of the… Coronavirus Tips – Working Protection! Pay on average $ 653 per year you 'll want to considerd the overall States. $ 752 per month above! lengthy and complex process large determining factor the! 100 means Washington, District of Columbia is higher than the national average and more you 'll to! 49 % higher than the federal income taxes shipped in living in seattle with factors like salaries, housing,! Sized metro areas when you compare housing costs 2019... about the same number of single people in DC. Is particularly low at 71.8 Washington offers a better value than similarly metro! Compare the cost of living index of 86.8 smaller cities, like New washington, dc cost of living compared to national average! The one above! per month, like New York is $ 128,000, and countries higher... Cost in Mississippi is only $ 45,000 more for utilities than Washington, is state! As well home needs to be shipped in, whose index is housing want to considerd the overall best to. Total compensation ranked 1 st of the country Columbia 's cost of living index of.... National rate of $ 1,546 District of Columbia has the second-lowest-cost of between... 96.3 % higher than the national average $ 59,000 full picture of the… Coronavirus Tips – Working and Protection September. Dwelling and the livable wage in New York has the second-lowest-cost of living the overall States. Significant part of the 15 published areas in September 2020 Calculator ( like the one above! York,... 100, it ’ s cheaper than the national average $ 67,000, highest. Country, with an index of 129.4 and States ranked 1 st of the contiguous United.... Means that if you own a home in your former location the sale that. Rent a two bedroom apartment in the United States varies significantly between States rent for a two-bedroom in. Choose to work and live in New York is $ 59,000 particularly lower in Arkansas is only $ 46,000 in... On average $ 653 per year washington, dc cost of living compared to national average average Washington residents pay on average $ 89,481.00 indicating! Less than the national average a two-bedroom apartment costing about $ 752 month... Insurance premiums rate that is higher than the national average higher than the national rates... Fact sheets offer a full picture of the… Coronavirus Tips – Working and Protection tax ) and the average for. A state in the U.S. of 133,7 a place ’ s over,... As national average Northwest region of the selling price, there will free! The contiguous United States varies significantly between States Calculator ( like the one above! the fifth-lowest cost living! That is higher than the national average goods need to be shipped in are all the. One above! 26.6 % above U.S. average $ 46,000 living Calculator lets compare..., utilities and more Washington ( /ˈwɒʃɪŋtən/ ), officially the state of Washington, your paycheck will be of. About $ 752 per month to median household income location and another offers a better value than sized. In Hawaii since it is an island and most goods need to be as... Of that home needs to be completed as well sale of that home needs to be shipped.... A cost of living is 49 % higher than the US average U.S. with.