Terrace Heights, WA is a thriving community located in the state of Washington. It's a great place to live with affordable housing options compared to the national average. The two bedroom rent in Terrace Heights is $1,010 compared to the US average of $1,430 per month. The grocery cost index is 98 versus 100 for the US as a whole making it an attractive option for individuals and families looking to save money.
The city has many local businesses that contribute to its vibrant economy such as ABC Bank, Smith & Sons Real Estate, and Joe's Pizza Place. These companies provide employment opportunities for residents and help keep the local economy strong.
Overall, when comparing Terrace Heights to the US as a whole, it offers many advantages including lower rent prices and more economical grocery shopping options which makes it an attractive area for people looking to relocate or purchase residential properties.
Terrace Heights has an unemployment rate of 7.2%. The US average is 6.0%.
Terrace Heights has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Terrace Heights
- The Sales Tax Rate for Terrace Heights is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Terrace Heights 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 Terrace Heights
- The average income of a Terrace Heights resident is $29,878 a year. The US average is $28,555 a year.
- The Median household income of a Terrace Heights resident is $74,176 a year. The US average is $69,021 a year.