DC, like most urban areas, has always been an expensive place to live. But how much does it actually cost to live here?
The Center for Housing Policy recently released a report on the affordability (or lack thereof) of housing in the District. According to the report, a salary of $47,640 is required to rent a one-bedroom apartment at fair market pricing in the Washington Metropolitan area. That prices firefighters ($45,765 annual salary), child care workers ($30,522), and wait staff ($25,254) out of the one-bedroom housing market. Salary requirements jump to $56,480 for a two-bedroom unit, which is above the incomes of police officers ($54,755), legal secretaries ($53,839), and electrical engineering technicians ($53,254).
Owning a home in the DC…
