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Home » United States » What is the cost of living in Washington?

What is the cost of living in Washington?

December 14, 2021 by Shelia Campbell

An amount below 100 means Washington is cheaper than the US average. A cost of living index above 100 means Washington, Washington is more expensive.
Washington cost of living is 118.7.

COST OF LIVING Washington United States
Grocery 101.1 100
Health 83.8 100
Housing 164.9 100
Median Home Cost $504,200 $291,700

Contents

What salary do you need to live in Washington state?

Typical Expenses

1 ADULT 2 ADULTS (BOTH WORKING)
0 Children 0 Children
Required annual income after taxes $35,027 $50,010
Annual taxes $5,678 $8,107
Required annual income before taxes $40,705 $58,117

Is Washington expensive to live?

Washington D.C. is the second-most expensive state in the United States, with a cost of living index of 161.1. D.C. has the second-most expensive housing, with the average two-bedroom apartment costs $2,776 per month, and the median home value is $628,914.

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

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.

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

Summary about cost of living in Washington, DC, United States: Family of four estimated monthly costs are 4,044$ without rent. A single person estimated monthly costs are 1,117$ without rent.

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.

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Can you live on 18 dollars an hour?

In short, 18 dollars is $37,440 a year which is above the minimum wage and is enough to live on in most areas as long as you do not have any dependents.

Why Washington State is bad?

The study, by personal finance website WalletHub, found that Washington ranks as the third-worst state for drivers, thanks mainly to steep gas prices, high rates of car theft, poor overall road quality, traffic congestion and other factors.

What is the cheapest state in America to live in?

Mississippi
Mississippi
The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 15% lower than the national average cost of living. Mississippi’s living wage is only $48,537 and has the cheapest personal necessities anywhere in the country.

How much does a house cost in Washington?

Median home price in Washington

Year Median
Year 2020 Median $452,400
Year 2019 Median $397,900
Year 2018 Median $362,100
Year 2017 Median $348,900

Is Washington or Oregon cheaper to live in?

Oregon isn’t notably cheaper when it comes to housing. House prices in Oregon are slightly lower than in Washington but have been rising steadily in past years.

What’s minimum wage in Washington?

The Washington State minimum wage for calendar year 2021 is $13.69/hour. Beginning January 1, 2022, the state minimum wage will increase to $14.49/hour. For more information, see the Department of Labor & Industries news release.

Is Washington State affordable?

Is living in Washington affordable? Yes, living in Washington is affordable, but it depends on what area you are in. Cities like Olympia, Richmond, Bothell, and Auburn all qualify as affordable areas in Washington. If you’re thinking of moving to Washington, you need to find a city that fits your budget.

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Is rent in Washington expensive?

The average prices for a two-bedroom apartment in Washington’s major cities are about $500 more than the national average.
Washington Housing Costs.

City Average 1-Bedroom Rent Average 2-Bedroom Rent
Seattle, WA $1,740 $2,170
Vancouver, WA $1,354 $1,599
Tacoma, WA $1,280 $1,680
Spokane, WA $991 $1,362

What is the most expensive state to live in?

Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.

Is Washington a nice state to live in?

Yes. Most definitely. Washington state is a great place to live. For work opportunities, access to majestic outdoor spaces, no income taxes, and moderate year-round temperatures.

How can I live rent for free?

8 Legit Ways to Live Rent Free

  1. List a Room With Airbnb.
  2. Get Roommates.
  3. House Sit for Others.
  4. Find a Rent-for-Work Situation.
  5. Become a Live-In Nanny or Pet Sitter.
  6. Manage an Apartment Building.
  7. Live with a Relative and Do Chores for Rent.
  8. Move Back in With Your Parents.

What is Seattle’s minimum wage?

Seattle’s minimum wage is $16.69/hour for most workers effective January 1, 2021, but can be $15.00/hour, depending on what company you work for and how you’re paid. Here’s how the Seattle minimum wage works: The minimum wage is $16.69 an hour for most workers in Seattle.

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.

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How much is $3000 a month hourly?

Take what you make per month and divide it by 160 to calculate your hourly salary, 3000 divided by 160 is 18.75. If you work 40 hours a week and earn 3000 per month, you’re being paid $18.75 per hour. If you know how much you are making per month, you can use it to calculate what you’re being paid hourly.

How much is 40k a year hourly?

So if an employee earns $40,000 annually working 40 hours a week, they make about $19.23 an hour (40,000 divided by 2,080).

Filed Under: United States

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About Shelia Campbell

Sheila Campbell has been traveling the world for as long as she can remember. Her parents were avid travelers, and they passed their love of exploration onto their daughter. Sheila has visited every continent on Earth, and she's always looking for new and interesting places to explore.

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