You need to make $72,092 a year to live comfortably in Seattle
How much money does it take to live comfortably in Seattle? Well, the answer is an annual income of $72,092.
A study from GOBankingrates.com discovered that residents of Seattle earn a median household income of $67,365, which is $4,727 less less than the income needed to cover necessities, savings and additional expenses. Housing costs, groceries, utilities, transportation, and health insurance were the factors being weighed. The study used the 50-30-20 budgeting rule to represent “comfortability,” which divides income into three buckets: 50 percent of income being spent on necessities, 30 percent set aside for discretionary expenses, and 20 percent put toward savings.
To live comfortably in Seattle:
Income needed: $72,092
50 percent for necessities: $36,046
30 percent for discretionary spending: $21,628
20 percent for savings: $14,418
If you’re planning on moving, WE CAN HELP! Can’t find housing? WE CAN HELP!