According to federal guidelines, salary workers must earn at least $23,660 dollars ($11.35 per hour) to be considered salaried and exempt from overtime pay. In Washington, that threshold is set at $35,568 ($17.00 per hour) as of January 1st, 2020.
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What is a livable wage in Washington state?
Living Wage Calculation for King County, Washington
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $19.57 | $24.39 |
| Poverty Wage | $6.13 | $6.30 |
| Minimum Wage | $13.50 | $13.50 |
What is a comfortable salary in Washington state?
Comfortable Salary in Washington
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $67,432 | $5,619 |
| 75th Percentile | $48,011 | $4,000 |
| Average | $41,250 | $3,437 |
| 25th Percentile | $31,288 | $2,607 |
What is a good salary in Washington state?
Wages below this are outliers. $1,535 is the 75th percentile. Wages above this are outliers. $1,867 is the 90th percentile.
What are Top 10 Highest Paying Cities for Average Jobs in Washington.
| City | Federal Way |
|---|---|
| Annual Salary | $65,860 |
| Monthly Pay | $5,488 |
| Weekly Pay | $1,267 |
| Hourly Wage | $31.66 |
Can I afford to live in Washington state?
The numbers are even bleaker in Washington, which is ranked the 8th most ‘out of reach’ state for housing affordability.That means a renter needs to make $26.87 per hour to afford a 2-bedroom unit in Washington. An employee earning minimum wage would have to work 93 hours per week to afford the same place.
What is the average salary in Washington?
In 2019 the average wage for Washington was $56,618.
What is considered a livable wage?
The living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018. The minimum wage does not provide a living wage for most American families.
What is a good salary?
According to the census, the national average household income in 2019 was $68,703. A living wage would fall below this number while an ideal wage would exceed this number. Given this, a good salary would be $75,000.
What is the median income in Washington state 2021?
8. Washington. Washington’s median household income is $76,687, the eighth-highest.
What is considered low income in WA?
New numbers show households making $72,000 in King and Snohomish counties are considered ‘low income. ‘ New numbers show households making $72,000 in King and Snohomish counties are considered ‘low income.
What is a livable wage in 2021?
The minimum wage is $7.25 an hour, which does equate a livable wage and would set a full-time worker earning that wage below the federal poverty line of $26,200 for a family of four.
Livable Wage by State 2021.
| State | Livable Wage |
|---|---|
| New York | $59,000 |
| Maryland | $58,000 |
| California | $57,000 |
| New Jersey | $56,000 |
What is the minimum wage in Washington State 2021?
$14.49
Washington’s minimum hourly wage will rise to $14.49 next year, up from the current $13.69. SEATTLE (AP) — Washington’s minimum hourly wage will rise to $14.49 next year, up from the current $13.69. The Seattle Times reports the increase was announced Thursday by the state Department of Labor and Industries.
What is the cost of living increase for 2021 in Washington State?
10.1%
The L&I COLA for 2021 -2022 will be 10.1%.
This yearly L&I COLA increase is determined by the yearly change in the Washington State average weekly wage (AWW).
What state has the lowest cost of living?
States with the Lowest Cost of Living
- Mississippi. Mississippi has the lowest cost out of living of all 50 states.
- Oklahoma. Oklahoma has the second-lowest cost of living in the United States.
- Arkansas. The state with the third-lowest cost of living in Arkansas.
- Kansas.
- Missouri.
- Georgia.
- Alabama.
- New Mexico.
What is the average monthly wage in Washington state?
While ZipRecruiter is seeing monthly salaries as high as $11,333 and as low as $1,708, the majority of Average salaries currently range between $4,125 (25th percentile) to $6,167 (75th percentile) across the United States.
What is comfortable salary in Seattle?
Recommended Salary in Seattle
To comfortably rent a median one-bedroom apartment in Seattle, one would have to make $87,660 per year. The recommended household income for a two-bedroom apartment is $75,780 per year.
How much money do I need to make to live comfortably?
In general, you’ll want your monthly necessities (housing, transportation, etc) to be around 50% of your monthly net income. This means it should be under $2,000 based on a $60,000 income. That is where the 50 in the 50-20-30 rule comes from.
How much money do you have to make to live comfortably?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
Is $17 an hour a livable wage?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
Is 65k a good salary 2020?
A salary of $65,000 can be a high income in many parts in the United States but below average in other parts. The cost of living can vary greatly between different areas, because of fluctuations in housing prices and availability, insurance pricing, healthcare costs, food pricing and availability and more.
What is a good base salary?
Sales Base Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $76,000 | $6,333 |
| 75th Percentile | $54,500 | $4,541 |
| Average | $47,504 | $3,958 |
| 25th Percentile | $32,000 | $2,666 |
