District of Columbia Cost Of Living Statistics 2023
– Everything You Need to Know

District of Columbia Cost Of Living Statistics 2023: Facts about Cost Of Living in District of Columbia reflect the current socio-economic condition of the state.

LLCBuddy editorial team did hours of research, collected all important statistics on District of Columbia Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a District of Columbia LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will District of Columbia Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top District of Columbia Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 13 District Of Columbia Cost Of Living Statistics on this page 🙂

---

District Of Columbia Cost Of Living “Latest” Statistics

• In 2020, the typical home value in the District of Columbia was $618,100, which is 2.69 times the $229,800 national average.^[1]
• In the District of Columbia, The median home value climbed by 2.76% between 2019 and 2020, from $601,500 to $618,100.^[1]
• The District of Columbia’s homeownership percentage of 42.5% is almost equal to the 64.4% national average.^[2]
• The average commute time in the District of Columbia is 30.9 minutes, and most people drive alone to work.^[1]
• The average number of cars per household in the District of Columbia is 1, which is lower than the national average.^[2]
• In the District of Columbia, serious housing difficulties affected 20.9% of the population in 2021 and this indicator decreased by 0.62% from 2018 to 2021.^[2]
• Owner occupancy increased from the previous year’s rate of 41.6% to 42.5% in 2020 for housing units in the District of Columbia.^[1]
• The median household income in the District of Columbia, which has 288k families, increased from $86,420 to $90,842 in 2020.^[2]
• 15.5% of the District of Columbia’s population, or 103k out of 669k people, are considered to be living below the poverty level, which is higher than the 12.8% national average.^[2]

District Of Columbia Cost Of Living “Other” Statistics

• In the District of Columbia, restaurant meals and takeaway are subject to a 10% sales tax in addition to the 6% sales tax that applies to the majority of other purchases.^[3]
• An estimated 356,000 people in the District of Columbia were employed in jobs that were Social Security.^[4]
• An estimated 358, 000 people in the District of Columbia worked in jobs that were covered by the Social Security program in 2004.^[5]
• In the District of Columbia, the 2.1% cost of living adjustment that became effective in December 2003 is included in the average and total monthly benefits.^[4]

Also Read

Reference

---

1. datausa – https://datausa.io/profile/geo/district-of-columbia
2. – #2
3. bungalow – https://bungalow.com/articles/what-is-the-real-cost-of-living-in-washington-d-c
4. ssa – https://www.ssa.gov/policy/docs/factsheets/state_stats/2003/dc.html
5. ssa – https://www.ssa.gov/policy/docs/factsheets/state_stats/2005/dc.html