The US News report, recently announced that Washington, DC is ranked #4 on the list of best cities to live in the United States. Research was based on quality of life, job marketplace, public transportation and cost of living.
Washington, DC area statistics
- The number of residents – 5,949,403
- Standard annual earnings - $65,910
- Average age – 36.3
- Average Cost of residence - $371,772
- Average monthly rent - $1,498
- Average commute time – 34.3 minutes
Washington, DC area cost of living
Washington has benefits of a public transportation system and is home of many restaurants, recreational sites and cultural locations. The cost of housing is determined by what area in DC you decide to live. The average rate of a home is much higher than the general average and the costs are anticipated to continue growing. Residents can look forward to writing monthly checks that are nearly $400 higher than the national average.
Washington, DC employment options
Unemployment percentage in Washington, DC is higher than the state average but if you consider the data from the entire region including Northern Virginia and Maryland suburbs of DC (the DMV), the DMV unemployment percentage lies below the national average. In addition, the average earnings in the DC area is greater than the national average.
A considerable number of DMV residents are employed by the Federal and State governments. The DMV is a major employment hub in the field of education and health services. Local district Public and Private schools, Universities and Hospitals provide employment for many residents. The arrival of private sector service providers and government officials bodes well for individuals seeking employment in Technology Information and Defense. The DMV also grabs the attention of people in the Hospitality and Travel industry because of venues like MGM National Harbor and Trump hotel as well as tourist attractions like the National Monuments and Parks.
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