Quick Answer: What Is The Average Income In Seattle?

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: 4,224.82$ without rent (using our estimator).

A single person monthly costs: 1,178.85$ without rent..

Do I qualify for MFTE Seattle?

All properties participating in the MFTE and Incentive Zoning programs must certify that applicants are income eligible for the program(s). Property managers must: … Household must be below the maximum allowable income limit and have all above documentation on file prior to signing a lease/renting unit.

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

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.

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 considered rich in Seattle?

Seattle residents believe it takes an average personal net worth of $2.9 million to be considered “wealthy.” That’s more than 30 times the actual median net worth of U.S. households (per the Federal Reserve’s Survey of Consumer Finances).

Is Seattle more expensive than New York?

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 a livable wage in Seattle?

Living Wage OrdinanceSchedule 2 Employer (fewer than 500 employees)Minimum WageMinimum Total Compensation (including paid health care or extra wages)2017$11.00 per hour$13.00 per hour2018$11.50 per hour$14.00 per hour2019$12.00 per hour$15.00 per hour7 more rows•Sep 25, 2019

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 much is considered low income in Washington 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.

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

To comfortably rent a median one-bedroom apartment in Seattle, one would have to make $53,133 a year, or $26 an hour. The recommended household income for a two-bedroom apartment is $65,800 a year, or $32 an hour.

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.

What is the average income in Washington state?

$65,640Average Wages, 2018 In 2018 the average wage for Washington was $65,640. Okanogan and Skamania counties had the lowest average wages at $34,550 and $37,254 respectively. King County had the highest average wage at $87,201. No other county had an average wage at or above the state average.