Federal Way cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFederal WayWashingtonNational
Cost of living index116112100
IndexFederal WayWashingtonNational
Goods & Services index112104100
Groceries index95102100
Health care index122116100
Housing index135137100
Transportation index107108100
Utilities index10983100
Displayed above is a general overview of the Federal Way, WA cost of living index. The overall cost of living index in Federal Way, WA is 116, which is 4% higher than the Washington average and 16% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Federal Way, WA are 8% higher than the Washington average and 12% higher than the national average.

Did you know?

  • The cost of living in Federal Way is 4% higher than the Washington average.
  • The cost of living in Federal Way is 16% higher than the national average.
  • The cost of housing in Federal Way is 35% higher than the national average.
  • Washington general sales tax is 28% higher than the national average.
  • Washington state income tax is 100% lower than the national average.

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Compare Federal Way, WA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Federal Way, WA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Federal Way, WA, you have to earn a higher income in order to still have the same standard of living. To operate the Federal Way, WA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,240$6,437$1,802$2,317
Renters$36,577$3,048$853$1,097
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Federal Way, WA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Federal Way, WA homeowners have a median income of $77,240. Using that number, you will come up with a maximum of $1,802 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,577, which means there is a maximum of $853 to be spent on the costs of renting a home or apartment.

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%9.6%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%
When considering the overall cost of living expenses in Federal Way, WA, it's important to take into account the sales tax for Washington, as well as the rate for income tax in Washington. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Washington is 9.6%, and the sales tax in the state of Washington is 6.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Washington starts from 0% and goes up to 0%.

Goods & Services

ItemFederal WayNational avg.Difference
Haircut $11.40$14.5921.9%
Beauty Salon $29.60$34.6814.6%
Toothpaste $2.73$2.4710.4%
Shampoo $1.01$1.021.2%
Movie $12.20$9.8723.6%
Bowling $4.52$4.392.9%

Groceries

ItemFederal WayNational avg.Difference
Ground Beef $4.10$4.488.4%
Fried Chicken $1.26$1.4613.9%
Milk $2.33$2.361.1%
Potatoes $1.78$3.0641.9%
Pizza $12.00$9.2429.8%
Beer $8.31$8.633.7%

Health Care

ItemFederal WayNational avg.Difference
Optometrist $151.00$99.7851.3%
Doctor $127.67$105.0321.6%
Dentist $109.00$88.7022.9%
Ibuprofen $12.01$9.4127.6%
Lipitor $329.60$298.5010.4%

Housing

ItemFederal WayNational avg.Difference
Home Price $263,900.00$181,400.0045.5%
Avg. Mortgage Payment $946.00$1,081.0312.5%
Apartment Rent $997.00$889.0012.1%

Transportation

ItemFederal WayNational avg.Difference
Gasoline $2.24$2.097.1%
Tire Balancing $48.00$45.296.0%

Utilities

ItemFederal WayNational avg.Difference
All Electricity$135.34$170.8020.8%
Phone $42.37$28.2649.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Ketron Island, WA131088%
North Puyallup, WA1,8351044%
South Prairie, WA4691066%
Parkland, WA35,4661077%
Midland, WA8,9461088%
Federal Way, WA89,69111616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hesperia, CA89,7031055%
Spokane Valley, WA89,79394-6%
Westminster, CA89,97014343%
Santa Monica, CA90,008206106%
Redding, CA90,08812626%
Federal Way, WA89,69111616%
Source: The Federal Way, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.