The Cost of Living in Washington, DC for Millennials in 2022

Financially Well

Mar 1 2022 • 16 mins


Is the high cost of living in Washington, DC and other expensive cities worth the money?

Welcome to Financially Well, the finance podcast for Millennials. In this episode, Kevin Mahoney, CFP® will discuss how Millennials might want to think about the cost of living in Washington, DC and other cities. The price of housing and daycare in DC is among the highest in the country. But that doesn't mean you can't — or shouldn't — cultivate financial wellness here.

Kevin, who specializes in financial planning for Millennial parents, regularly hears from peers who may be focusing too much attention on the cost of living in a city. They seem to downplay the benefits that a particular location may provide them, benefits that may even outweigh the necessary expenses. Ultimately, you should feel empowered to choose based – to the extent financially possible – on what you want out of life, both personally and professionally.