98003 Federal Way, WA is an ideal place to live for those looking for affordability and convenience. The average two bedroom rent in 98003 Federal Way, WA is $1,820 which is $390 cheaper than the US average 2 bedroom rent of $1,430. Grocery costs are slightly higher than the US average with a Grocery Cost Index of 101 versus 100 nationally; however, the cost of living in this area is still quite reasonable. Local companies in 98003 Federal Way include Boeing Company, Weyerhaeuser Company, Department of Veterans Affairs Medical Center and Stoneway Electric Supply Co. Living in this area allows you to take advantage of being close to downtown Seattle while also enjoying a more relaxed lifestyle away from the hustle and bustle.
Federal Way (zip 98003) has an unemployment rate of 7.1%. The US average is 6.0%.
Federal Way (zip 98003) 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 39.7%, which is higher than the US average of 33.5%.
Tax Rates for Federal Way (zip 98003)
- The Sales Tax Rate for Federal Way (zip 98003) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Federal Way (zip 98003) 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 Federal Way (zip 98003)
- The average income of a Federal Way (zip 98003) resident is $31,171 a year. The US average is $37,638 a year.
- The Median household income of a Federal Way (zip 98003) resident is $63,289 a year. The US average is $69,021 a year.