Best Places for Business and Careers 2019

Washington, DC

Washington-Arlington-Alexandria, DC-VA-MD-WV

Washington, DC

Washington-Arlington-Alexandria, DC-VA-MD-WV

gross metro product

$415.6B

population

4.9M

median household income

$101,649

median home price

$423,000

cost of living

17% above nat'l avg

college attainment

49.7%

net migration

820 (year: 2018)

unemployment

3.3%

major industries

Federal government, Education, Tourism

job growth

1.2% (year: 2018)

As of October 2019

The District of Columbia, located on the north bank of the Potomac River, is the capital city of United States. The centers of all three branches of the U.S. federal government are located in the city, as are many of the nation's monuments and museums. Washington, D.C. hosts 176 foreign embassies as well as the headquarters of the World Bank, the International Monetary Fund (IMF) and the Pan American Health Organization (PAHO) among other international organizations. The headquarters of other institutions such as national

trade unions, lobbying groups, and professional associations are also located in the District. Washington is home to a number of higher learning institutions including the National Defense University, National Defense Intelligence College, University of the District of Columbia, American University, George Washington University, Georgetown University and Howard University among others.

On forbes lists

#59

Best Places for Business and Careers 2019

#174

In Cost of Doing Business

#114

In Job Growth

In Education

EmploymentHousingEducationQuality of Life

Job Growth

1.2% (year: 2018)

Projected Annual Job Growth

0.6%

Unemployment

3.3%

Median Household Income

$101,649

Household Income Growth

2.7%

High-Tech Employment

5.5%

Data is for the metro area
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.