Federal Way, WA is a vibrant city located just south of Seattle with a variety of businesses and attractions to explore. Notable companies in the area include Weyerhaeuser, World Vision, and SCAFFOLDX. The cost of living in Federal Way is higher than that of the national average, as 2 bedroom rent is $1,910 compared to $1,430 nationally. Grocery costs are also higher in Federal Way with an index score of 102 versus 100 nationally. Despite this, it is still a great place to live as there are plenty of job opportunities and some truly beautiful scenery to enjoy throughout the year.
Federal Way has an unemployment rate of 7.1%. The US average is 6.0%.
Federal Way has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 39.7%, which is higher than the US average of 33.5%.
Tax Rates for Federal Way
- The Sales Tax Rate for Federal Way is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Federal Way 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 Federal Way
- The average income of a Federal Way resident is $27,145 a year. The US average is $28,555 a year.
- The Median household income of a Federal Way resident is $72,969 a year. The US average is $69,021 a year.