Due to the presence of tech headquarters, the Navy, and a large manufacturing business in Boeing, many people in Seattle have inflated salaries. They’re paid a lot of money. That also makes living in Seattle even more expensive.
How much money do you need to live comfortably in Seattle?
Typical Expenses
| 1 ADULT | ||
|---|---|---|
| 0 Children | 3 Children | |
| Required annual income after taxes | $35,451 | $110,908 |
| Annual taxes | $5,747 | $17,980 |
| Required annual income before taxes | $41,198 | $128,888 |
Is Seattle very expensive to live in?
Seattle’s housing expenses are 109% higher than the national average and the utility prices are 8% higher than the national average. Transportation expenses like bus fares and gas prices are 35% higher than the national average. Seattle has grocery prices that are 30% higher than the national average.
What is the cheapest way to live in Seattle?
Affordable Neighborhoods in Seattle
- South Park. Located on the Duwamish River, South Park is a pocket of the city full of personality and much more affordable than the rest of the city — averaging under $1,400 a month.
- Columbia City.
- Pinehurst.
- Greenwood.
Is it cheaper to live in Seattle or California?
This calculation uses our Cost of Living Plus Rent Index to compare cost of living. This assumes net earnings (after income tax).
Cost of Living Comparison Between Seattle, WA and Los Angeles, CA.
| City | Cost of Living Index |
|---|---|
| Los Angeles, CA | 78.58 |
| Seattle, WA | 90.95 |
| New York, NY | 100 |
| Prague | 49.75 |
What is a rich salary in Seattle?
Here’s what researchers found about Seattle: Population: 724,305. Lowest Income to be Considered “Rich” (Top 20%): $186,063. Average Income of the Top 20%: $331,167.
What is a high salary in Seattle?
Jobs are ranked by average annual salary with information up to date as of May 2021. In Seattle, the annual mean wage is $76,170 or 30.7% higher than national mean of $58,260, while the highest-paying occupation makes $363,270.
Is 80K a good salary in Seattle?
Is 80K a good salary in Seattle? You need to earn $72,092 to live comfortably in Seattle. The median household income in Seattle is $80,000. If you earn anywhere in this range, you can consider it as a good salary in Seattle.
Is 100k salary good in Seattle?
A $100,000 salary might be seen as a “rich” person’s salary in other cities, but not so in Bellevue and Seattle, it says. According to the study, those who earn $100,000 a year in Seattle would be just over $24,000 short at the end of the year.
Can anyone afford to live in Seattle?
If you’re considering a move to Seattle, the biggest financial hurdle you’ll likely face is housing affordability. Rental prices in Seattle are much higher than the $1,463 national average—as of January 2021, renters paid a monthly average of $1,928.
What is a low income salary in Seattle?
Income level – Low Income Public Housing
| Number in Household | 30% AMI | 80% AMI |
|---|---|---|
| 1 | $27,200 | $66,750 |
| 2 | $31,050 | $76,250 |
| 3 | $34,950 | $85,800 |
| 4 | $38,800 | $95,300 |
What is the safest city in Seattle?
Safest Neighborhoods in Seattle
- #1 – Alki Point in West Seattle – Wealthy Neighborhood with Excellent Schools.
- #2 – Fauntleroy in West Seattle – Affluent Neighborhood Ideal for Families.
- #3 – Rainier View in Southeastern Seattle – Affordable Suburban Neighborhood with Above Average Public Schools.
Is it cheaper to buy or rent in Seattle?
Plus, as you pay each monthly mortgage payment, you build additional equity. Rents are extremely high in Seattle, and chances are that you might spend more money on rent than you would for the price of a home mortgage.
Is New York more expensive than Seattle?
You would need around 9,128.85$ in New York, NY to maintain the same standard of life that you can have with 7,100.00$ in Seattle, WA (assuming you rent in both cities).
Cost of Living Comparison Between Seattle, WA and New York, NY.
| City | Cost of Living Index |
|---|---|
| New York, NY | 100 |
| Seattle, WA | 90.95 |
| Prague | 49.75 |
| Sydney | 72.89 |
How much money do you need a month to live in Seattle?
Summary about cost of living in Seattle, WA, United States: Family of four estimated monthly costs are 4,668$ without rent. A single person estimated monthly costs are 1,295$ without rent.
Is Canada cheaper than Seattle?
The cost of living in Seattle is 19% more expensive than in Vancouver.
What is middle class in Seattle?
Seattle, Washington
Here, the middle-class income range is $73,847 to $221,562. Seattle also has the second-highest median income.
Where do millionaires live in Seattle?
Just outside of Seattle is a ritzy enclave called Mercer Island, and it’s home to some of Seattle’s billionaires.
What is considered poor in Seattle?
In 2018, the federal poverty income threshold was $25,465 for a family of four with two children, and $17,308 for a single parent of one child. If a family’s total income is less than the corresponding threshold, then that family and every individual in it is considered in poverty.
What is the most common job in Seattle?
Detailed List Of The Most Common Jobs In Seattle, WA
| Rank | Job Title | Count |
|---|---|---|
| 1 | Internship | 3,364 |
| 2 | Sales Associate | 2,921 |
| 3 | Customer Service Representative | 2,494 |
| 4 | Administrative Assistant | 2,320 |
Do jobs in Seattle pay well?
Workers in the Seattle-Tacoma-Bellevue, WA Metropolitan Statistical Area had an average (mean) hourly wage of $36.62 in May 2021, about 31 percent above the nationwide average of $28.01, the U.S. Bureau of Labor Statistics reported today.