D.C. has been ranked 8th among top 10 cities where having a roommate saves the most money, according to SmartAsset’s fourth annual study.
The average one-bedroom in the district costs just under $2,100 per month, while half of a two-bedroom apartment costs $1,360, the study showed.
A D.C. resident needs to have an annual income of some $83,000 to be able to afford a one-bedroom apartment comfortably. At the same time, the income of $54,400 is enough, if the individual opts for one share of a two-bedroom.
“In total, we estimate one could save over $700 per month by living with a roommate,” the study concluded.