Quality of Life in Seattle, WA: A Financial Perspective

Income Overview

• Annual Salary: $101,700
• Comparison: Slightly higher than the median U.S. household income, which was around $68,700 in 2023.

Cost of Living

• General Expenses:
  • Seattle's cost of living is approximately 50% higher than the national average.
  • Key drivers include housing, transportation, and dining expenses.
• Utilities and Groceries:
  • Tend to be more expensive compared to other U.S. cities.
  • Average utility costs: Higher due to Seattle's weather and energy needs.

Housing Market

• Median Home Price:
  • As of late 2023, the median home price in Seattle is considerably above the national average—over $800,000.
  • Real estate prices have seen consistent appreciation, making homeownership challenging.
• Rental Market:
  • High demand and limited supply lead to elevated rental costs.
  • Average rent for a two-bedroom apartment: Over $2,500 per month.

Quality of Life

• Lifestyle:
  • Rich in cultural and recreational opportunities, such as music, art, and outdoor activities.
  • Offers vibrant neighborhoods with diverse dining and entertainment options.
• Work-Life Balance:
  • Many residents experience a high quality of life with access to outdoor activities and tech-driven employment opportunities.

Access to Healthcare

• Healthcare Facilities:
  • Home to several top-rated hospitals and medical facilities.
  • Access to cutting-edge medical treatments and research institutions.
• Healthcare Costs:
  • Higher than the national average; however, the quality of care is nationally recognized.

Quality of K-12 Schools

• Public Schools:
  • Generally well-rated with numerous options for public and charter schools.
  • Strong emphasis on technology and innovation in the curriculum.
• Private Schooling:
  • Significant presence, often with steep tuition costs.
  • Known for smaller class sizes and specialized programs.

Summary

Living in Seattle on an income of $101,700 provides a comfortable lifestyle by offering a high quality of life through cultural and recreational opportunities. However, the elevated cost of living, particularly in housing and healthcare, requires careful financial planning. The city boasts excellent educational institutions and healthcare facilities, contributing to its appeal despite the financial challenges.