Renton, WA Economy


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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 decrease by -5.2% 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 $42,736 a year. The US average is $37,638 a year.
- The Median household income of a Renton resident is $84,374 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRenton, WashingtonUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Renton
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Over 4 years ago

If you are looking for clean air, country atmosphere, friendly and cordial neighbors, and the charm of old, soothing and patriotic America, this is your best  More

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Over 9 years ago

We have 2 kids at RCS and they are receiving a fantastic education in an environment that is welcoming to all. They do teach from a biblical point of view so the moral  More

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Living in Renton has so many positive things. There are many smaller communities, each having a slightly different climate. You have good schools, recreation, employment  More

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