$627,555. The typical home value of homes in Washington is $627,555. This value is seasonally adjusted and only includes the middle price tier of homes. Washington home values have gone up 21.2% over the past year.
Is it expensive to live in Washington state?
The cost of living in Washington is 13% higher than the national average. Housing is 20% higher than the national average, while utilities are 9% lower. When it comes to basic necessities such as food and clothing, groceries are around 11% higher than in the rest of the country, while clothing costs 11% higher.
How much money do you need to buy a house in Washington?
Typically, mortgage lenders in Washington want you to contribute 20% of the purchase price as a down payment. That would be $125,511 for a $627,555 home — the typical home value in Washington.
Are houses in Washington state expensive?
Cost of Homes in Washington
The median value of homes in Washington state is $593,897. That’s far more than the national average and makes it one of the top 5 most expensive states for houses. The cost of homes in Washington isn’t just high in the major cities like Seattle.
How much money do you need 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 the cheapest place to live in Washington state?
Quincy. 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.
Where should you not live in Washington state?
The 20 Worst Places to Live in Washington
- Tukwila, WA.
- Spokane, WA.
- Tacoma, WA.
- Shelton, WA.
- Seattle, WA.
- Aberdeen, WA.
- Lakewood, WA. Lakewood is a beautiful city in the western part of the state.
- Toppenish, WA. Only in Your State contributes its opinions on the worst cities in Washington starting with Toppenish.
Is it worth buying house in Washington state?
Washington State experienced a strong seller’s housing market in the last few years, due to rapidly increasing home values and uncertain market rates for buyers. But with prices expected to continue increasing, buyers can take advantage of rapid growth in home equity in 2022.
How much do I need to make to buy a 500k house near Washington?
Because of the credit score’s effect on the monthly payment, a buyer with a higher score will qualify to get more home. To put this into perspective, a buyer sporting a score of 760 or higher and monthly income of $6,100 might qualify to buy a home for about $500,000 with a 10% down payment.
What do you need to buy a house for the first time Washington State?
Washington first-time home buyer programs
- Meet median income limits and home purchase price limits.
- You’ll need a credit score of 640 or better, but you may get away with one as low as 620 if your debt-to-income ratio is low.
- Complete an approved home buyer education course to be eligible.
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 salary do I need to live in Seattle?
Income needed: $72,092. 50 percent for necessities: $36,046. 30 percent for discretionary spending: $21,628.
What is the average hourly wage in Washington state?
$35
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 |
Is it cheaper to live in Washington or Texas?
Overall, when you compare Dallas, Texas to Seattle, Washington, Seattle is about 70% more expensive in terms of the cost of living. The average house in Dallas costs just over $200,000, while the average house in Washington costs just over $700,000.
Is Washington cheaper than California?
Washington is 6.9% cheaper than California.
What state has the highest minimum wage?
Excluding Washington, D.C.’s $15.20 hourly minimum wage, California has the highest in the country at $14 per hour. Washington and Massachusetts are close behind, with $13.69 per hour and $13.50 per hour, respectively.
Is it cheaper to live in Washington or Oregon?
Oregon is 7.8% cheaper than Washington.
What is the best area to live in Washington state?
Want To Live in Washington?
- Seattle: Best City for Urban Living.
- Tacoma: Best Alternative to Seattle.
- Olympia: Best for Capital Living.
- Ocean Shores: Best Coastal Living.
- Vancouver: Best Portland Commute.
- Spokane: Best City in the East.
- Cheney: Best College Town.
- Move to One of the Best Places to Live in Washington.
What is the best small town to live in Washington state?
Leavenworth. This Bavarian-style town nestled in the east side of the Cascade Mountains is something out of a fairytale and is indisputably one of the best small towns in Washington state.
What is the safest town in Washington state?
The safest cities in the state each had less than 100 reported violent crimes, a rate of 1.6 incidents per 1,000 people.
In 2022, the top 20 safest cities in Washington were:
- Sammamish.
- Camas.
- Snoqualmie.
- Mercer Island.
- Kenmore.
- Bainbridge Island.
- Oak Harbor.
- Maple Valley.
What city in Washington state has the most crime?
According To FBI Statistics, These Are The 10 Most Dangerous Cities In Washington
- Tacoma. Tacoma, WA, USA.
- Toppenish. Toppenish, WA 98948, USA.
- Seattle. Seattle, WA, USA.
- Spokane. Spokane, WA, USA.
- Union Gap. Union Gap, WA 98903, USA.
- SeaTac. SeaTac, WA, USA.
- Shelton. Shelton, WA 98584, USA.
- Lakewood. Lakewood, WA, USA.