Discretionary Income in Washington, DC in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Washington, DC is ranked 316th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Washington, DC
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$5,576
Discretionary Income
$1,152
With a gross annual salary of $100,000 in Washington, DC, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Washington is $5,576, you would have around $1,152 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Washington, DC, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Washington, DC in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Washington, DC |
|---|---|
| $30,000 | -$3,344 |
| $40,000 | -$2,652 |
| $50,000 | -$1,961 |
| $60,000 | -$1,281 |
| $70,000 | -$673 |
| $80,000 | -$64 |
| $90,000 | $544 |
| $100,000 | $1,152 |
| $110,000 | $1,759 |
| $120,000 | $2,351 |
| $130,000 | $2,943 |
| $140,000 | $3,534 |
| $150,000 | $4,126 |
| $175,000 | $5,605 |
| $200,000 | $7,057 |
| $250,000 | $9,670 |
| $300,000 | $12,170 |
| $350,000 | $14,670 |
| $400,000 | $17,170 |
| $450,000 | $19,670 |
| $500,000 | $22,170 |
Discretionary Income in Washington, DC in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Washington, DC is ranked 315th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Washington, DC
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,618
Discretionary Income
$3,110
With a gross annual salary of $100,000 in Washington, DC, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Washington is $3,618, singles would have around $3,110 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Washington, DC, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Washington, DC in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Washington, DC |
|---|---|
| $30,000 | -$1,386 |
| $40,000 | -$695 |
| $50,000 | -$3 |
| $60,000 | $677 |
| $70,000 | $1,285 |
| $80,000 | $1,893 |
| $90,000 | $2,502 |
| $100,000 | $3,110 |
| $110,000 | $3,717 |
| $120,000 | $4,309 |
| $130,000 | $4,900 |
| $140,000 | $5,492 |
| $150,000 | $6,084 |
| $175,000 | $7,563 |
| $200,000 | $9,015 |
| $250,000 | $11,628 |
| $300,000 | $14,128 |
| $350,000 | $16,628 |
| $400,000 | $19,128 |
| $450,000 | $21,628 |
| $500,000 | $24,128 |
Discretionary Income in Washington, DC in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Washington, DC is ranked 319th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Washington, DC
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$5,614
Discretionary Income
$1,115
With a gross annual salary of $100,000 in Washington, DC, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Washington is $5,614, couples would have around $1,115 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Washington, DC, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Washington, DC in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Washington, DC |
|---|---|
| $30,000 | -$3,382 |
| $40,000 | -$2,690 |
| $50,000 | -$1,998 |
| $60,000 | -$1,319 |
| $70,000 | -$710 |
| $80,000 | -$102 |
| $90,000 | $506 |
| $100,000 | $1,115 |
| $110,000 | $1,722 |
| $120,000 | $2,313 |
| $130,000 | $2,905 |
| $140,000 | $3,497 |
| $150,000 | $4,088 |
| $175,000 | $5,568 |
| $200,000 | $7,020 |
| $250,000 | $9,632 |
| $300,000 | $12,132 |
| $350,000 | $14,632 |
| $400,000 | $17,067 |
| $450,000 | $19,484 |
| $500,000 | $21,900 |
Discretionary Income in Washington, DC in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Washington, DC is ranked 316th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Washington, DC
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$5,421
Discretionary Income
$1,568
With a gross annual salary of $100,000 in Washington, DC, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Washington is $5,421, single parents would have around $1,568 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Washington, DC, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Washington, DC in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Washington, DC |
|---|---|
| $30,000 | -$3,123 |
| $40,000 | -$2,420 |
| $50,000 | -$1,729 |
| $60,000 | -$1,037 |
| $70,000 | -$345 |
| $80,000 | $346 |
| $90,000 | $960 |
| $100,000 | $1,568 |
| $110,000 | $2,177 |
| $120,000 | $2,779 |
| $130,000 | $3,370 |
| $140,000 | $3,962 |
| $150,000 | $4,554 |
| $175,000 | $6,033 |
| $200,000 | $7,512 |
| $250,000 | $10,156 |
| $300,000 | $12,661 |
| $350,000 | $15,161 |
| $400,000 | $17,661 |
| $450,000 | $20,161 |
| $500,000 | $22,661 |
Discretionary Income in Washington, DC in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Washington, DC is ranked 321st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Washington, DC
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$7,650
Discretionary Income
-$420
With a gross annual salary of $100,000 in Washington, DC, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Washington is $7,650, families would have around -$420 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Washington, DC, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Washington, DC in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Washington, DC |
|---|---|
| $30,000 | -$5,295 |
| $40,000 | -$4,586 |
| $50,000 | -$3,878 |
| $60,000 | -$3,187 |
| $70,000 | -$2,495 |
| $80,000 | -$1,803 |
| $90,000 | -$1,112 |
| $100,000 | -$420 |
| $110,000 | $272 |
| $120,000 | $940 |
| $130,000 | $1,548 |
| $140,000 | $2,156 |
| $150,000 | $2,765 |
| $175,000 | $4,285 |
| $200,000 | $5,806 |
| $250,000 | $8,795 |
| $300,000 | $11,754 |
| $350,000 | $14,712 |
| $400,000 | $17,616 |
| $450,000 | $20,241 |
| $500,000 | $22,842 |