Mountlake Terrace, WA 98043 is a great place to live with plenty of local businesses that offer residents many options. The cost of living in Mountlake Terrace is slightly higher than the US average. For example, the average 2 bedroom rent in Mountlake Terrace is $2,070 compared to $1,430 nationally – an increase of 46%. Additionally, the Grocery Cost Index for Mountlake Terrace is 104 versus 100 in the US which also reflects higher prices for groceries. Local businesses in Mountlake Terrace include The Boeing Company, Microsoft Corporation, Costco Wholesale Corporation, Premera Blue Cross and Providence Health & Services. These companies provide employment opportunities for local residents as well as contribute to the overall economy of the city. All together, Mountlake Terrace remains a great place to live with excellent job prospects and a relatively high cost of living compared to other cities in America.
Mountlake Terrace (zip 98043) has an unemployment rate of 6.3%. The US average is 6.0%.
Mountlake Terrace (zip 98043) has seen the job market decrease by -5.3% 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 Mountlake Terrace (zip 98043)
- The Sales Tax Rate for Mountlake Terrace (zip 98043) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Mountlake Terrace (zip 98043) 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 Mountlake Terrace (zip 98043)
- The average income of a Mountlake Terrace (zip 98043) resident is $44,533 a year. The US average is $37,638 a year.
- The Median household income of a Mountlake Terrace (zip 98043) resident is $87,920 a year. The US average is $69,021 a year.