According to the Department of Employment Services in the District of Columbia, the preliminary unemployment rate for March 2024 remained steady at 5.1 percent, the same as the revised rate for January 2024
In the first months of 2024, there was an addition of 6,800 jobs in the District, bringing the total number of jobs to 800,000. The private sector saw an increase of 4,200 jobs, while the public sector saw an increase of 2,600 jobs. These figures were obtained from the United States Bureau of Labor Statistics (BLS) monthly survey of employers in the District of Columbia.
In Washington, DC, the typical salary is around $76,908, and most salaries range between $34,800 and $167,040. Salaries in this city are usually higher than the average salary across the country. To attract and keep the best employees, it's important for companies to offer a comprehensive compensation package. This package should include not only a competitive base pay but also employee benefits and bonus pay to motivate outstanding performance.
The cost of living in Washington, DC is 47% above the national average.
| Cost of Living in Washington, DC | Compared to State Average | Compared to National Average |
|---|
| Housing (Buy and Rent) | - | 140% higher |
| Utilities (Monthly) | - | 10% higher |
| Food | - | 5% higher |
| Healthcare | - | 10% higher |
| Transportation | - | 6% higher |
| Goods & Services | - | 17% higher |
