Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2015-2019 | 27.9 |
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $92,263 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $59,835 |
Contents
What is a livable salary in Seattle?
Recommended Salary in Seattle
The recommended household income for a two-bedroom apartment is $75,780 per year. The “living wage,” or the minimum amount of money needed to live above the poverty threshold, in Seattle is $19.57 per hour for a full-time employed individual.
What salary is considered middle class in Seattle?
The median income for the roughly 345,000 households inside Seattle’s city limits hit $102,500 in 2019, up about $9,000 from 2018. The median is the midway point — in other words, half the households earned more, and half earned less.
What is considered middle class Seattle?
In Seattle, middle income is $53,043 to $159,130 according to GOBankingRates. The numbers are all part of an assessment of cities where the middle class is thriving in America. GOBankingRates claims it’s thriving in Seattle because median income grew by 25.4 percent in the last five years.
Is Seattle more expensive than LA?
Los Angeles is 0.6% more expensive than Seattle. Los Angeles housing costs are 3.5% less expensive than Seattle housing costs. Health related expenses are 4.9% more in Los Angeles.
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 upper class salary?
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Lower-middle class | $32,048 – $53,413 |
| Middle class | $53,413 – $106,827 |
| Upper-middle class | $106,827 – $373,894 |
| Rich | $373,894 and up |
Is $40 000 a year middle class?
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
What is low income in Seattle?
The Department of Housing and Urban Development now says a Seattle-area family of four with household earnings under $72,000 is low-income. That’s higher than the average household income in 46 states.
How much money do you need to live comfortably in Seattle 2020?
Income needed: $72,092. 50 percent for necessities: $36,046. 30 percent for discretionary spending: $21,628.
Is Seattle WA expensive to live?
The Cost of Living in Seattle
Living in Seattle is almost twice as expensive as the United States’ average. In other words, Seattle one of the more expensive cities in the country. The largest expense is housing, whether you’re renting or purchasing a home.
Is 75000 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.In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.
Is it cheaper to live in CA or WA?
Washington is 7.1% cheaper than California.
How much does a single person need to live in Seattle?
Summary about cost of living in Seattle, WA, United States: Family of four estimated monthly costs are 4,281$ without rent. A single person estimated monthly costs are 1,198$ without rent. Seattle is 11.94% less expensive than New York (without rent).
Is Seattle cheaper than San Francisco?
San Francisco is 56.3% more expensive than Seattle. San Francisco housing costs are 92.9% more expensive than Seattle housing costs. Health related expenses are 17.7% more in San Francisco.
How much is food in Seattle?
Average Daily Costs
While meal prices in Seattle can vary, the average cost of food in Seattle is $38 per day. Based on the spending habits of previous travelers, when dining out an average meal in Seattle should cost around $15 per person.
How much is the average house in Seattle?
In Seattle, the median single-family home price of $896,500 is up about 11% from last July but down from a $919,000 peak in May. Countywide, the median single-family home in King County last month sold for $871,000, up about 20% from last July. In Snohomish County, the median home sold for $700,000, a 22% jump.
What is Seattle best known for?
Seattle is famous for Starbucks and overall coffee culture, grunge music scene, the Seahawks, the Space Needle, Pike Place Market, headquarters of a lot of the tech industry (including both Amazon and Microsoft), hiking, kayaking, and general outdoors lifestyle (think REI). But that’s not all!
What percentage of Americans make over 100k?
Percentage distribution of household income in the U.S. in 2020
| Annual household income in U.S. dollars | Percentage of U.S. households |
|---|---|
| 75,000 to 99,999 | 12.2% |
| 100,000 to 149,999 | 15.3% |
| 150,000 to 199,999 | 8% |
| 200,000 and over | 10.3% |
What salary is considered wealthy?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $470,000 a year in 2021 is considered a top 1% income earner.
What is considered rich in USA?
Schwab conducted a Modern Wealth survey in 2021 and found that Americans believe you need an average personal net worth of $1.9 million in order to be considered wealthy. This would mean that the value of the property you owned, minus everything you owe, would need to add up to almost $2 million.
