If you’ve recently decided to take a job in Washington D.C. or are planning to move to the area for any reason, you’ve probably noticed that the cost of living in the U.S. capital is extremely pricey. With the U.S. average of 100, it’s much higher at 154.3. But for some, particularly politicians and young, single professionals, it can be worth paying more.
Still when considering where to move in the area you’ll want to take in numerous factors, including the cost of living.
While Arlington also has a high cost of living, even higher than D.C. at 168.7, it’s a popular place to live, located just across the Potomac River from D.C. An urban center in its own right as well as a suburb of the capital, living here can make it easy to get to work if your office is in D.C. and it has a very high-ranking school system along with an outstanding dining scene. As you search through the Arlington real estate, you’ll find some very nice homes with the median price at $707,500
Another one of the most desirable cities to live in the Washington D.C. area, Alexandria sits alongside the Potomac River and is known for its historic, walkable neighborhoods. Old Town is especially picturesque with its historic architecture housing boutiques, restaurants, and small businesses, while the Potomac River Trail offers strolls with water views. The cost of living is 149.9, slightly lower than D.C. and quite a bit lower than Arlington. The median home price is just over $600,000
Nicknamed the “Little City,” covering just two square miles, Falls Church is a great small town where one can enjoy an easy commute to D.C. It offers lots of cultural and picturesque scenery with the cost of living at 157.5. The median home price is about $691,000.
Takoma Park is a suburban city with a spectacular historic district, lots of natural beauty, a dedication to the arts, and it’s a short drive to downtown D.C. Those who want to raise a politically active family here will especially appreciate it. Once the kids reach the age of 16, they can even vote in the municipal elections. The cost of living index here is 148.7, with the median home price a little over $657,000.
Bordering D.C., Chevy Chase is a wonderful tight-knit community known for its great schools and a good mix of bars and restaurants. For those who want to enjoy most of what D.C. life offers without actually living in the capital, it’s an ideal place to be, but it’s also one of the most expensive than most with the cost of living index at 201.4. The median home price is over $1.3 million.
Finally, Rockville is one of the more affordable neighborhoods in the D.C. area with a cost of living index at 143.6. There’s a wide range of housing available with the median price for a single-family home at about $596,000. The town square offers some fabulous restaurants serving culinary delights from across the globe and residents enjoy access to many different recreational activities too.