Renton, WA is a desirable location to live due to its affordable costs of living and proximity to many businesses. With an average two bedroom rent of only $2,220, renting in Renton is more than $700 cheaper than the US average. Additionally, the Grocery Cost Index in Renton is 104 compared to 100 in the US, allowing residents to purchase groceries at a lower cost than other parts of the country. Local companies such as Boeing, Providence Health & Services, BECU, and Valley Medical Center are all based out of Renton. With such a variety of businesses and an affordable cost of living, it is no surprise that many people choose Renton for their home.
Renton has an unemployment rate of 6.5%. The US average is 6.0%.
Renton 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 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Renton
- The Sales Tax Rate for Renton is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Renton 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 Renton
- The average income of a Renton resident is $32,136 a year. The US average is $28,555 a year.
- The Median household income of a Renton resident is $84,374 a year. The US average is $69,021 a year.