Cost of Living in Federal way, WA
Housing
The housing market plays a significant role in determining the cost of living in Federal way, WA.
- Housing Index: 120.0 / 100
- Median Home Price is: $566,500
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
Considering relocating to Federal way, WA? The housing index here stands at 120.0, indicating a higher cost relative to the national average; it highlights the demand for housing in this area. The median home price is set at 566500, making homeownership a significant investment. For those looking to rent, expect to pay an average of 2200 for a 2-bedroom apartment, and slightly more for a 2-bedroom house at 2240. This urban landscape has much to offer, but it is advisable to carefully weigh your budget against the local real estate dynamics.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Federal way, WA.
- Electricity Price: $12.34 USD (median by state)
- Natural Gas Price: $18.14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Federal way, WA could entail higher utility costs. Electricity costs sit at $12.34, while natural gas is priced at $18.14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Federal way is a financially viable option for your relocation.