Fox Island, WA is a small community located near the Puget Sound in Washington State. It is known for its beautiful views and tranquil atmosphere. In terms of cost of living, Fox Island has an average 2 bedroom rent of $1,840 which is significantly higher than the national average of $1,430. Similarly, the Grocery Cost Index on the island stands at 108 compared to 100 in the US. This makes it slightly more expensive to buy groceries here than elsewhere. Local businesses are an integral part of the economy on Fox Island with establishments like Southwind Kayaks, Fish Tale Brewhouse & Eatery, and Silverwood Park providing employment opportunities as well as entertainment for residents and visitors alike.
Fox Island has an unemployment rate of 6.8%. The US average is 6.0%.
Fox Island 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 Fox Island
- The Sales Tax Rate for Fox Island is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Fox Island 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 Fox Island
- The average income of a Fox Island resident is $46,440 a year. The US average is $28,555 a year.
- The Median household income of a Fox Island resident is $138,175 a year. The US average is $69,021 a year.