Bonney Lake, WA is an ideal place to live with a variety of amenities in close proximity. Located just outside of Seattle, residents enjoy easy access to some of the best restaurants, parks, and entertainment in the area. The cost of living in Bonney Lake is slightly higher than the US average; for example, 2 bedroom rental rates are approximately $1,980 compared to $1,430 across the country. Groceries also cost more in Bonney Lake with an index score of 103 versus 100 in the US. Local businesses such as Lowe's Home Improvement and Big 5 Sporting Goods add to the community feel and provide residents with convenient shopping options. All in all, Bonney Lake offers a great quality of life that comes at a slightly higher price than elsewhere in America.
Bonney Lake has an unemployment rate of 6.8%. The US average is 6.0%.
Bonney Lake has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Bonney Lake
- The Sales Tax Rate for Bonney Lake is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Bonney Lake is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bonney Lake
- The average income of a Bonney Lake resident is $31,129 a year. The US average is $28,555 a year.
- The Median household income of a Bonney Lake resident is $108,705 a year. The US average is $69,021 a year.