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700,000 People and $100,000 Salaries: The DC Economy By The Numbers

by UrbanTurf Staff

Logan Circle. Photo by Ted Eytan.

A week ago, DC's Office of the Chief Financial Officer released its latest economic and revenue trends report that included a number of statistics about the DC economy in 2018. UrbanTurf reviewed that report as well as several other statistics in order to highlight some of the more interesting aspects of the city economy last year. 

  • 702,455 -- DC's population as of July 2018, the highest it has been since 1975.
  • 135,319 -- The amount DC's population has gone up since 2005. 
  • 5.6% -- The adjusted unemployment rate in DC in November, down from 5.9% in late 2017. 
  • 24.4% -- The share of DC residents that work for the federal government.
  • $17 billion -- The taxable retail sales in DC last year, up from $10 billion in 2009. 
  • 35,068 -- The number of Class A apartments in DC, of which 10.9 percent are vacant. 
  • 58,079 -- The number of Class C apartments in DC, of which 4.8 percent are vacant. 
  • $738,000 -- The median price of a single-family home in 2018, up 7 percent from 2017.
  • $469,900 -- The median price of a condo in 2018, up 4.4 percent from 2017.
  • 26% -- The percentage of single family home sales in 2018 that were for properties greater than $1 million.
  • $82,170 -- The median income in DC last year, up from $67,377 in 2009. 
  • 4,268 -- The number of housing permits issued for the 12-month period ending in October, down 10 percent from the previous year.

This article originally published at https://dc.urbanturf.com/articles/blog/the-dc-economy-by-the-numbers/14970

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