Financial Profile: Washington
Financial landscape, tax rates, cost of living, and median income scoring for Washington residents.
Washington at a Glance
Avg Salary
$70,000
Cost of Living
118
Top Tax Rate
None
Adjusted Income
$59,322
Monthly Take-Home
$4,784
Max Rent (30%)
$1,749
Financial Genome at Median Income
Scores calculated for someone earning $70,000/yr in Washington with typical expenses.
PPI
53
C+
FPI
25
F
LRS
56
C+
REW
30
D
Living in Washington: Financial Overview
Washington has no state income tax on wages. A 7% capital gains tax exists for gains over $250,000.
- No income tax on wages
- High tech salaries
- Capital gains tax
Major Cities
Seattle, Spokane, Tacoma, Vancouver
With a cost of living index of 118 (above the national average of 100), expenses are higher in Washington. A $60,000 salary here has the purchasing power equivalent of only $50,847 in an average-cost area.
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