Average Salary in Washington. $53,291 is the 25th percentile. Salaries below this are outliers. $80,744 is the 75th percentile.
What is the average single income in Washington state?
In 2020, Washington state ranked 7th among the states in per capita personal income.
Washington and U.S. per capita personal income.
| Year | Washington | U.S. |
|---|---|---|
| 2019 | $65,530 | $57,140 |
| 2018 | $63,855 | $56,047 |
| 2017 | $61,244 | $54,633 |
| 2016 | $59,524 | $53,368 |
How much does a single person need to make to live comfortably in Washington state?
In order to be happy living in Washington, you will need a big chunk of change. According to a survey from Purdue University and GoBankingRates.com, the minimum salary needed to be happy in Washington is $117,180.
What is a livable yearly salary in Washington state?
According to federal guidelines, salary workers must earn at least $23,660 dollars ($11.35 per hour) to be considered salaried and exempt from overtime pay. In Washington, that threshold is set at $35,568 ($17.00 per hour) as of January 1st, 2020.
What is the ideal income for a single person?
This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.
What is considered middle class in Washington State?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Washington | $81,203 | $78,687 |
| New York | $75,403 | $72,108 |
| Oregon | $74,865 | $67,058 |
| New Jersey | $74,485 | $85,751 |
What is upper middle class in Washington State?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What is considered low income in Washington state?
Income level – Low Income Public Housing
| Number in Household | 30% AMI | 80% AMI |
|---|---|---|
| 1 | $27,200 | $66,750 |
| 2 | $31,050 | $76,250 |
| 3 | $34,950 | $85,800 |
| 4 | $38,800 | $95,300 |
What is the poverty line in Washington State single person?
The gap between the income needed for self-sufficiency in Thurston County and the Federal poverty level continues to grow. In 2014, the gap was $5,629 for a one-person household. In 2020, this grew to $12,295.
What is the cheapest city to live in in Washington state?
Arguably the cheapest place to live in Washington, the town of Quincy boasts low home prices as well as affordable rent costs. The median home cost in Quincy is $306,000. Renters make up 37.9% of the population.
What is a comfortable wage in Washington?
Living Wage Calculation for King County, Washington
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $21.42 | $47.82 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $14.49 | $14.49 |
What is a comfortable wage in Washington state?
As of Jul 21, 2022, the average annual pay for the Comfortable jobs category in Washington is $41,952 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.17 an hour. This is the equivalent of $807/week or $3,496/month.
What is a good hourly wage in Washington state?
Average Salary in Washington
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $107,659 | $52 |
| 75th Percentile | $80,744 | $39 |
| Average | $72,698 | $35 |
| 25th Percentile | $53,291 | $26 |
Can you live on 2000 a month?
Living on $2,000 a month is possible, and we were not the only ones to ever do it! Our budget isn’t nearly as tight now, but living with less taught us so much about how to live frugally and make the most of what we had.
Can you live comfortably on 40000 a year?
The median income for individuals in the United States is $33,706 as of 2018. This means that at $40,000, you’re making more money than over half of Americans, which might suggest that $40,000 is plenty to live comfortably.
Is $65 000 a good salary for a single person?
A salary of $65,000 can be a high income in many parts in the United States but below average in other parts. The cost of living can vary greatly between different areas, because of fluctuations in housing prices and availability, insurance pricing, healthcare costs, food pricing and availability and more.
What is considered poor class?
Nearly one-third of American households, 29%, live in “lower class” households, the Pew Research Center finds in a 2018 report. The median income of that group was $25,624 in 2016. Pew defines the lower class as adults whose annual household income is less than two-thirds the national median.
What is a good net worth by age?
The average net worth for U.S. families is $748,800. The median — a more representative measure — is $121,700.
Average net worth by age.
| Age of head of family | Median net worth | Average net worth |
|---|---|---|
| 35-44 | $91,300 | $436,200 |
| 45-54 | $168,600 | $833,200 |
| 55-64 | $212,500 | $1,175,900 |
| 65-74 | $266,400 | $1,217,700 |
What salary is high class?
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is a middle class income for a single person?
about $30,000 to $90,000
So who is in the middle class? Broadly, Pew Research Center defines middle-class households as making two-thirds to double America’s median income. That adds up to an income range of about $30,000 to $90,000 for single Americans in 2020 dollars.
What are the 5 social classes?
Gallup has, for a number of years, asked Americans to place themselves — without any guidance — into five social classes: upper, upper-middle, middle, working and lower. These five class labels are representative of the general approach used in popular language and by researchers.