D.C. tops list of most expensive cities

This post was written by Hatchet reporter Christina Carpenter.

Turns out it’s more expensive to live in D.C. than in New York, according to a government study.

D.C. is the most expensive U.S. city to live in, according to a study by the Bureau of Labor Statistics, which tallied Americans’ average expenditures on housing, utilities, furniture and housekeeping costs in various U.S. cities.

After the District, San Francisco came in a close second, and New York City claimed the No. 3 spot.

The average Washingtonian spends $28,416 on housing costs, while the average American spends $16,887 on housing annually, according to the report.

The report looked at costs from 2012, but a report released in August showed that housing costs have grown less rapidly in D.C. than in other cities since 2013.

And the high cost of living in D.C. could be tied to the city’s allure for young professionals.

A study by the Urban Institute released last week concluded that residents between 18 and 34 are driving up demand and kicking up the cost of real estate in D.C.

The average monthly rent for a one-bedroom apartment in Foggy Bottom is the most expensive in the city at $2,662, according to an Apartments.com list.

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