The capital of the nation. The home of the three branches of government. With Virginia and Maryland framing its borders, the city of Washington D.C. is home to over 700,000 people. With a booming economy, the population started to grow again since the 2000s, the 50 years of decline having been stopped. Ever since Washington D.C. made it to the list of most populous cities because of the accelerated growth. Currently, it ranks at #5 for population growth among metro areas.
While being rather small with only 61 square miles of available landmass, the city of Washington D.C. has the highest density of population in the U.S. Around 11,500 people per square mile, this without taking into account the workweek when commuters come to D.C. from Virginia, Maryland and suburbs of Washington D.C.
Living here may not be for those seeking a tranquil environment. Corporatists and members of the government are running left and right all day so if your job requires you to move to the capital, get in contact with the best realtors in Washington D.C. for the most informed input available. Living in Washington DC is not very affordable, but it depends on your income. Many people move here because of jobs in the government but some locals actually struggle to make ends meet with a poverty rate of 15.5%.
The median household income stands at $91,000 but the actual percentage of people earning more than that is low. Residents with incomes higher than $200,000 are over 15%, but those with incomes lower than $100,000 are over 60%.
There is a big discrepancy between the well-off and those who live paycheck to paycheck. Not everyone can work in government agencies, but everyone has to live. It makes sense how there are neighborhoods that have more affordable prices in Washington and also why people don’t relocate to a more affordable area.
The most common occupations are those that orbit around politics, legislation, and technology, the best paid being lawyers, judges, magistrates, and other judicial workers. Their salaries range from $150,000 to over $200,000. The lowest salaries go to the education system with income that is between $50,000 and $60,000. Unfortunately, a teacher’s salary will not work well with the cost of living in Washington D.C. but if you’re a lawyer, you’re covered.
While legal occupations have the highest income in Washington D.C. there are about 25,000 people working in this area. That is around 3.5% of the population.
In the city of Washington D.C., the median income can be at $75,000, but this data was gathered without getting into details like race, ethnicity, age, and gender. We are going to look into them to try to provide a more realistic number so that you know what to expect in regards to income. With the information gathered in 2018, we have data that covers all of these disparities.
Unfortunately, income is different for men than it is for women. In 2018, male employees had an average income of $102,000 while female employees had $83,000. The gaps are bigger in some occupations than in others. As lawyers, judges, magistrates and other judicial workers as well as project management specialists the pay difference was between $40,000 to $55,000. Management analysts or school teachers experienced a gap of $15,000 to $20,000.
In regards to poverty, there are more women living below the poverty line than men. Between 25-34 were the largest percentage of women living in poverty, followed by both men and women between 18-24 . The differences are of 50% in the 25-44 age group with more women living below the poverty line. As for the other age groups, the differences are around 1%.
Between the four largest racial demographics in Washington D.C., there are disparities in regards to income. The highest average salary was received by those of Caucasian ethnicity, followed by Asians, Hispanics and then, African Americans. In 2018, a Caucasian judicial worker was paid $202,500, while an African American had an income of $176,000, and Asian judicial workers had an income of $157,000. Asian management analysts had a bigger salary than other demographics at $145,000 while Caucasians margined at $116,000 and African Americans at $108,000.
As for poverty, African Americans contributed to 67.4% of all those who live below the poverty line, while Caucasian rank at 15.1%, Hispanics with 8.01% and Asians with 3.06%.
The largest percentage of degree awarded students were Caucasian with 50.8% while African Americans added 21.5% of graduating students, Hispanics 8.05% and Asians 8.03%. In regards to gender, 0.713 male students received a degree when compared to female students. That means that while women received around 14,000 degrees, men received 10,000 degrees.
For those searching for a job and an income that would allow them to live comfortably in Washington D.C. there are many viable options. A comfortable life in Washington can be experienced with a yearly income from$50,000 upwards. Like that you’ll have approximately $4,200 per month out of which you can find a rent around $1,300. It is very important to know your expenses and try not to spend more than a third of your monthly salary on accommodation, whether it’s rent or mortgage.
Washington D.C. is a city of plenty of opportunities and a place to thrive for ambitious people. If you are one of them then highly suggest that you jump the gun and climb the metro line of the capital. Success rests in your own hands.