Woodway, WA Economy


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Woodway, WA is a suburban town located near Seattle with access to plenty of amenities. The median 2 bedroom rent is $2,290 in Woodway, which is 62% higher than the US average of $1,430. Additionally, the Grocery Cost Index in Woodway is 108 compared to 100 in the US. Some local businesses in Woodway include Starbucks, Safeway Grocery Store, Big 5 Sporting Goods, and Petco animal supplies. Woodway residents enjoy being part of a big city metropolitan area while having access to more affordable rent than other cities nearby.

Woodway has an unemployment rate of 6.3%. The US average is 6.0%.

Woodway 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 40.8%, which is higher than the US average of 33.5%.

Tax Rates for Woodway
- The Sales Tax Rate for Woodway is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Woodway 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 Woodway
- The average income of a Woodway resident is $72,857 a year. The US average is $28,555 a year.
- The Median household income of a Woodway resident is $188,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodway, WashingtonUnited States
  6.36
  -5.3%-6.2%
  40.8%33.5%
  10.3%6.2%
  0.0%4.6%
  $108,236$37,638
  $188,125$69,021
  $196,818$85,028
  Population by Occupation
  1.8%1.2%
  0.0%0.5%
  1.6%6.8%
  10.8%10.0%
  3.9%2.5%
  11.5%11.0%
  3.1%4.8%
  0.6%0.8%
  2.5%1.9%
  4.5%4.7%
  7.6%1.9%
  21.9%7.6%
  0.0%0.1%
  2.7%4.2%
  3.7%9.3%
  8.6%14.0%
  0.8%2.1%
  5.5%7.0%
  5.7%4.8%
  3.1%4.7%
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