The median list price of homes in Seattle is $850,000, trending up 13.3% year-over-year. The median sale price is $880,000. Seattle is also a seller’s market, having a total sales to total listings ratio above 0.2 tend, which favors sellers.
How much is an average house in Seattle?
Seattle, WA Housing Market
In June 2022, the median listing home price in Seattle, WA was $850K, trending up 13.3% year-over-year. The median listing home price per square foot was $590. The median home sold price was $880K.
Is Seattle expensive to buy a house?
As any newcomer and resident in Seattle will tell you, the housing prices in Seattle are insane. The average price for a one-bedroom apartment in the city is over $2,000. Houses typically start at around the $800,000 mark and only go up from there.
What is a good salary Seattle?
A good salary in Seattle, WA is anything over $65,000. That’s because the median income in Seattle is $65,000, which means if you earn more than that you’re earning more than 50% of the people living in Seattle. The average salary in Seattle is $75,725. A good hourly wage in Seattle is $31.25 per hour.
Is Seattle expensive to live?
Seattle, Washington’s cost of living is 53% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
Is Seattle cheaper than California?
Los Angeles is 0.6% more expensive than Seattle. Los Angeles housing costs are 3.5% less expensive than Seattle housing costs. Health related expenses are 4.9% more in Los Angeles.
Is Seattle a poor city?
Washington was one of only 14 states in the country where poverty rates fell from 2017 to 2018. According to new Census data released this month, the poverty rate in Seattle is 11 percent, down from 12.5 percent in 2017, but is considered statistically unchanged. Still, about one in nine residents live in poverty.
Is it depressing to live in Seattle?
Even in normal times, some people who live in Seattle start to feel down around this time of the year. The gray and drizzle has set in, and we can look forward to six more months of it. But 2020 is anything but normal.
Is 100k a lot in Seattle?
A $100,000 salary might be seen as a “rich” person’s salary in other cities, but not so in Bellevue and Seattle, it says. According to the study, those who earn $100,000 a year in Seattle would be just over $24,000 short at the end of the year.
What is considered middle class in Seattle?
When Balk wrote in 2020 about Seattle’s median income exceeding $100,000, he reported that just 10 years earlier, the median income in the city was about $60,000 — or about 20% higher than the national median at the time. In a decade, the gap had shot up to 56% higher than the national median.
Can I afford to live in Seattle?
Per the National Low Income Housing Coalition (NLIHC), at minimum wage—currently a sliding scale from $11.50 to 15.45, based on size of employer and benefits—you’d have to earn $61,160 (or work over 102 hours a week) in order to afford what it described as a modest one-bedroom at Fair Market Rent in Seattle.
Which part of Seattle is best to live?
From thriving nightlife to beachfront living, here are the 20 best neighborhoods in Seattle.
- Fremont. Fremont is one of the most popular Seattle neighborhoods with a diverse and all-inclusive vibe.
- Capitol Hill.
- Belltown.
- Ballard.
- Queen Anne.
- Chinatown-International District.
- Pioneer Square.
- Beacon Hill.
How safe is Seattle?
Seattle is one of the safest of America’s larger cities. It’s a pretty walkable place where you’re not likely to encounter a high level of violent or even petty crime.
What is the current minimum wage in Seattle?
$14.49 an hour
On Jan. 1, 2022, Washington state’s minimum wage increased to $14.49 an hour, up 80 cents from the previous minimum wage of $13.69.
Is it better to live in LA or Seattle?
Based on an overall US average index of 100, Seattle’s cost of living is 172.3, and LA’s is 173.3. That puts both LA and Seattle at 73% more expensive than the average US city. Your Seattle utility costs will be 36% lower than in LA, transportation costs will be 20% less, and health care costs will be 4% lower.
Where is the most expensive place to live in the US?
- New York City, New York. New York City leads the pack as the most expensive city in the United States.
- San Francisco, California.
- Honolulu, Hawaii.
- Boston, Massachusetts.
- Washington, D.C.
- Oakland, California.
- San Jose, California.
- San Diego, California.
How much is the tax in Seattle?
10.25%
The minimum combined 2022 sales tax rate for Seattle, Washington is 10.25%. This is the total of state, county and city sales tax rates. The Washington sales tax rate is currently 6.5%.
What percent of Seattle is black?
As a result, the percentage of Seattle’s population that is Black fell to 6.8%, down by more than 1 percentage point since the start of the decade.
What percent of Seattle is white?
65.8%
Table
| Population | |
|---|---|
| White alone, percent | 65.8% |
| Black or African American alone, percent(a) | 7.1% |
| American Indian and Alaska Native alone, percent(a) | 0.5% |
| Asian alone, percent(a) | 16.3% |
Is Seattle racially diverse?
A low score means most residents are of the same race/ethnicity. Seattle’s diversity index score for 2020 was 60.1. Among the 50 largest U.S. cities, Seattle ranked as the 39th most racially diverse (or 12th least diverse, depending on your point of view) in 2020.
Are people leaving Seattle?
67% of Seattle residents have considered moving out of the city, new survey finds. Seattleites remain pessimistic about overall quality of life, with a recent survey indicating that 67% have actively considered moving out of the city due to affordability, public safety and other issues.