Economy in Washington

Washington State is a great place to live, work, and play. It is home to some of the most iconic companies in the country such as Amazon, Starbucks, Microsoft, Costco, and Boeing. Additionally, Washington State has a plethora of attractions that are sure to keep visitors entertained. From its majestic mountain ranges such as the Cascade Range and Olympic Mountains to its many beaches along the Pacific Coast, there is always something to explore in Washington State. Furthermore, with its average 2 bedroom rent being $1,730 and grocery cost index being 101 compared to 100 nationally; living in Washington State can be quite affordable.

Washington has an unemployment rate of 6.1%. The US average is 6.0%.

Washington 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 39.1%, which is higher than the US average of 33.5%.

Tax Rates for Washington
- The Sales Tax Rate for Washington is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Washington 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 Washington
- The average income of a Washington resident is $31,233 a year. The US average is $28,555 a year.
- The Median household income of a Washington resident is $82,400 a year. The US average is $69,021 a year.