For a budgeting rule, financial experts recommend spending no more than 30 percent of your monthly gross income on rent or housing. If your rent payment is $2,724 per month, then you would need to earn $9,080 monthly for it to fall in the 30 percent range – which is more than $52 per hour.
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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 considered 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 | $31.66 |
How much does it cost to live in Washington state per month?
Summary about cost of living in Seattle, WA, United States: Family of four estimated monthly costs are 4,281$ without rent. A single person estimated monthly costs are 1,198$ without rent.
Is it cheaper to live in Washington or Texas?
Overall, when you compare Dallas, Texas to Seattle, Washington, Seattle is about 70% more expensive in terms of the cost of living. The average house in Dallas costs just over $200,000, while the average house in Washington costs just over $700,000.
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.
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.
Whats the average income in WA?
Western Australia
| All private dwellings | 1,070,962 |
|---|---|
| Average people per household | 2.6 |
| Median weekly household income | $1,595 |
| Median monthly mortgage repayments | $1,993 |
| Median weekly rent | $347 |
What is the average salary in WA?
But in WA, the average weekly pay for all workers is $1328, while for full-timers it soars to $1634 a week, just under $85,000 a year. In comparison, full-time workers in the next highest-earning region, the ACT, are paid $1494 a week, fuelled by generous public service salaries.
How much do you need to make an hour 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.
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 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 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 more expensive than California?
Washington is 7.1% cheaper than California.
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 |
Which state is the cheapest state to live in?
Mississippi
1. 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.
Why are so many Texans moving to Washington state?
But Redfin economist Taylor Marr says the migration of Texans to the Seattle region is a sign of growing connections between the tech industries in each city.“Housing costs in the Bay Area skyrocketed and therefore a lot of jobs moved to the Seattle area from Northern California,” Marr said.
How much money do you need to move from Washington state to Texas?
Quick Answer: The average cost to move from Washington DC to Texas is $3,500-$6,250 depending on the size, route, and timing of the move. Hiring a professional moving company will be on the more expensive side.
What is the best area to live in Washington state?
10 best places to live in Washington State
- Olympia. The capital city has a lot going on.
- Spokane. On the eastern edge of Washington State is the lovely Spokane Valley, filled with mountain lakes, waterfalls, and wineries.
- Bellingham.
- Redmond.
- Issaquah.
- Kirkland.
- Walla Walla.
- Mercer Island.
What are the pros and cons of living in Washington state?
Pros And Cons Of Living In Washington State
- Picturesque landscape.
- Robust economy.
- Low overall income tax burden.
- High resident satisfaction rate.
- Temperate year-round climate.
- Cloudy and rainy weather.
- High cost of living.
- High sales tax rate.
