Cost of Living

Washington D.C.’s average Composite Cost of Living for the 2nd quarter of 2015 is 147.6, above the benchmark average of 123.5 and higher than all benchmark regions except for San Francisco.

Housing costs in the D.C. region are the second-highest among all benchmark regions at 251.4, second only to San Francisco. The housing component is based on the price of the average monthly rent of a two bedroom apartment and the average total purchase price of a 4 bedroom, 2 bath house.

Health care costs in D.C. are the second-lowest among benchmark regions at 94.1, above only Houston. The health care component is based on the price of various doctor office visits and medications.

The Cost of Living Index measures relative price levels for consumer goods and services in participating areas. The average for all participating places, both metropolitan and nonmetropolitan, equals 100, and each participant’s index is read as a percentage of the average for all places.

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Data Source(s):

Cost of Living Index, The Council for Community and Economic Research (C2ER)

The Index reflects cost differentials for professional and executive households in the top income quintile.