98023 Federal Way, WA is a desirable place to live due to its affordability and access to amenities. The average 2 bedroom rent in 98023 Federal Way is $1,990 which is significantly lower than the national average of $1,430. The Grocery Cost Index in 98023 Federal Way is 102 which is slightly higher than the national index of 100, but still very affordable for residents of this area. Local companies and activities include Weyerhaeuser's corporate headquarters, Big Catch Sushi & Teriyaki, Pacific Rim Park Playground and Splash Pad, the Dacca Barn Playground & Skate Park, and much more. Shopping centers like The Commons at Federal Way offer great stores for shopping enthusiasts and movie theaters for entertainment seekers. Whether it's playing at one of the many parks or enjoying a movie night with friends and family, 98023 Federal Way has something for everyone.
Federal Way (zip 98023) has an unemployment rate of 7.1%. The US average is 6.0%.
Federal Way (zip 98023) 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 98023)
- The Sales Tax Rate for Federal Way (zip 98023) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Federal Way (zip 98023) 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 98023)
- The average income of a Federal Way (zip 98023) resident is $37,515 a year. The US average is $37,638 a year.
- The Median household income of a Federal Way (zip 98023) resident is $87,820 a year. The US average is $69,021 a year.