Savings rate in Washington DC — are you on track?
Washington DC is a very high cost city. Washington DC median rent is $2,600/month, sustained by dense federal and professional employment. DC's high income levels partially offset elevated housing costs, but mid-income earners still face a compressed savings ratio.
Median rent
$2,600/mo
Washington DC 2023
Typical other costs
$2,200/mo
excl. housing
Savings benchmark
7–20%
mid-income USD
Pre-set for Washington DC — adjust to your situation
What a good savings rate looks like in Washington DC
Using data from BLS Consumer Expenditure Survey 2023, people at mid-range incomes in United States typically save between 7–20% of gross income. In a very high cost city like Washington DC, housing costs can compress that meaningfully — especially for renters.
Source: BLS Consumer Expenditure Survey 2023. Benchmarks shown for mid-income earners in United States.
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