Washington, D.C. Demography
With a population of approximately 7,812,880 people, Washington, D.C. is a bustling city that continues to experience significant growth. The annual growth rate stands at an impressive 14.58%, indicating a thriving and vibrant community. Out of the total population, around 6,172,175 individuals are over the age of 18, representing a substantial market for creative services.
Washington, D.C. Business Landscape
Washington, D.C. boasts a robust business landscape, with a GDP of $808,344 million in 2023. The city's economy has been growing steadily, with a growth rate of 10.5%. One notable aspect of the business environment in Washington, D.C. is the corporate tax rate, which stands at 0%, making it an attractive destination for businesses.
As of 2024, there are 241,004 registered businesses in Washington, D.C. However, it is important to note that there has been a slight decline in the number of businesses, with a yearly change of -10.4%. Despite this decrease, the city remains a thriving hub for various industries.
Creative Services Globally and in Washington, D.C.
The global market size of creative services is estimated to be $365,050,000, with a growth rate of 13.1%. The United States holds a significant share in this market, accounting for approximately 19%, which amounts to $69,359,500.
Within Washington, D.C., the creative services industry plays a vital role in the local economy. The city's vibrant culture and diverse population create a demand for innovative and artistic solutions. Creative agencies in Washington, D.C. cater to a wide range of industries, including advertising, design, marketing, and more.
Creative Services in the US
Across the United States, creative services contribute significantly to the economy. The industry encompasses a wide range of professions, such as graphic design, web development, content creation, and branding. With the increasing importance of digital marketing and online presence, the demand for creative services continues to grow.
Top Washington, D.C. Cities: Economic Insights
While Washington, D.C. is the primary economic center, several cities within the region also contribute to the overall economic landscape. These cities include Alexandria, Arlington, and Bethesda. Each of these cities has its own unique characteristics and industries, making them important players in the creative services sector.
For example, Alexandria is known for its historic charm and thriving arts scene. Arlington, on the other hand, is home to numerous technology companies and government agencies. Bethesda, with its proximity to Washington, D.C., attracts businesses from various sectors, including healthcare and biotechnology.
Creative Price in Washington, D.C.
When it comes to pricing, creative agencies in Washington, D.C. offer a range of options to cater to different budgets. According to Qualified.One statistics, the breakdown of project budgets is as follows:
- 24.8% of projects have a budget below $10,000
- 33% have a budget between $10,000 and $50,000
- 21.3% have a budget between $50,000 and $200,000
- 7.3% have a budget between $200,000 and $1 million
- 0.9% have a budget between $1 million and $10 million
- 0.9% have a budget over $10 million
On average, the size of a creative project in Washington, D.C. is estimated to be $198,930.
Summary of Creative Market in Washington, D.C.
| Statistic | Value |
|---|---|
| Population | 7,812,880 |
| Annual Population Growth Rate | 14.58% |
| Population over 18 years old | 6,172,175 |
| GDP | $808,344 million |
| GDP Growth Rate | 10.5% |
| Corporate Tax | 0% |
| Number of Registered Businesses | 241,004 |
| Yearly Change in Number of Businesses | -10.4% |
| Global Market Size of Creative Services | $365,050,000 |
| Share of the United States in the Creative Services Market | 19% ($69,359,500) |
| Average Creative Project Size in Washington, D.C. | $198,930 |