Question: How Much Money Do You Need To Live Comfortably In Seattle?

How much money do you need to live comfortably in Washington state?

Income needed: $72,092.

50 percent for necessities: $36,046..

Is Seattle or New York more expensive?

The cost of living in New York, NY is 33.0% higher than in Seattle, WA. … Employers in New York, NY typically pay 10.0% more than employeers in Seattle, WA.

What is poverty line in Seattle?

“While many people benefit from our strong local economy, we should keep in mind that 1 in 9 Seattle residents lives below the poverty line.” Poverty varies by household size. A single person under age 65 is considered poor if their total income falls below $13,064.

How do you qualify for MFTE in Seattle?

To qualify for the Low Income Housing Program, a household’s income must not exceed 80 percent of Area Median Income (AMI) It is determined by the U.S. Department of Housing and Urban Development, and means that half of the people earn more than the median, and half of the people earn less.

How much does it cost to live in Seattle per month?

Summary about cost of living in Seattle, WA, United States: Four-person family monthly costs: 4,224.18$ without rent (using our estimator). A single person monthly costs: 1,179.26$ without rent.

Is 80k a good salary in Seattle?

Within Seattle proper, at least any nice part of it, you’re not going to be living large on 80k. But if you’re willing to spend some more time on your commute and get away from the city, you can find more bang for your buck. And the there’s some very nice places in the surrounding area.

Is Seattle expensive to rent?

In fact, Seattle has become the nation’s most expensive big city for renters outside of California. According to survey data from the U.S. Census Bureau, the median rent and utilities paid in the city of Seattle hit $1,555 in 2017, across all sizes and types of rental units.

What is middle class income in Washington state?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleWashington$27,529 – $82,586$38,931 – $116,794West Virginia$22,858 – $68,573$32,326 – $96,977Wisconsin$24,215 – $72,644$34,245 – $102,734Wyoming$25,232 – $75,697$35,684 – $107,05248 more rows•Jul 15, 2020

What is a good salary in Seattle?

Recommended Salary The recommended household income for a two-bedroom apartment is $65,800 a year, or $32 an hour. The “living wage,” or the minimum amount of money needed to live above the poverty threshold, in Seattle is $15.26 an hour for a full-time employed individual.

What is considered low income in WA state?

The low-income limit is 80 percent of the median income in those counties. Very low income limits, which are 50 percent of median income, are $48,000. Extremely low-income is $28,800.

What is a livable wage in Washington state?

Living Wage Calculation for King County, Washington1 ADULT2 ADULTS (BOTH WORKING)0 Children3 ChildrenLiving Wage$16.09$23.84Poverty Wage$6.00$7.25Minimum Wage$12.00$12.00

What is a middle class income in Seattle?

Late last year, the Times reported that the median household income in the city had risen to over $70K, but for black families it was nosediving to $25,700.

What is considered low income in Seattle?

According to the U.S. Department of Housing and Urban Development, a low income is equal to 80% of the median income, making a “low income” in Seattle $74,785, which is well above the federal poverty line.

How much does the average person make in Seattle?

According to the survey, the median household income for the Seattle-area is $92,545.

Is 130k a good salary in Seattle?

130k is a good income, if you don’t have daycare costs or a lot of consumer debt or student loans. I agree with Gardyloo re the 1800.00/mo scenario. Kirkland can be rather expensive. Unless you have several kids or a lot of other debt, you should be just fine on that income in Seattle or Kirkland.

How much is a gallon of milk in Seattle?

How exactly that cost breaks down varies somewhat: A gallon of milk is $2.39 here, whereas in Philadelphia it’s only $2.04, and $1.53 in Phoenix. If you want a loaf of bread, that’ll run you about $3.51 in Seattle, compared to San Francisco’s $4.97, or Honolulu’s $5.09.

How much money do you need to live comfortably in Seattle 2019?

Your ability to “comfortably” afford housing, transportation, health care, groceries, utilities, transportation and more cost-of-living expenses now has a yearly dollar figure attached to it if you want to live in Seattle. A study by GOBankingRates.com puts the number at $72,092.

Is 200k a good salary in Seattle?

The median family income in Seattle is about $80K. On $200K you’ll live as well as the average family, plus have $6,000 extra in spending money after taxes each month. You’ll be fine.