Quick facts: Seattle, WA

Quick Facts

150.3
Cost of Living
above US average
749,256
Population
63.88
Crime Rate per 1000
above US average
$116,068
Median Income
above US average
$665,000
Median House Price
above US average
$3751.87
Average Rent
above US average
9%
Poverty Rate
below US average
4.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $116,068.

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Income Needed to Buy

βœ— Stretch
$209k/year
Based on $665,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $209k vs median $116,068
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Income Needed to Rent

⚠ Stretch
$161k/year
Based on $3751.87/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $161k vs median $116,068
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Seattle, WA

Seattle, Washington, is a vibrant and diverse city located in the Pacific Northwest region of the United States. Known for its iconic skyline dominated by the Space Needle, Seattle is a cultural and economic hub with a rich history rooted in the maritime and technology industries. The city offers a mix of natural beauty and urban attractions, with stunning views of the Puget Sound and the Cascade Mountains. Seattle’s vibrant neighborhoods, such as Pike Place Market, Capitol Hill, and Ballard, are bustling with local shops, cafes, and restaurants. The city is famous for its coffee culture, being the birthplace of Starbucks. Additionally, Seattle has a thriving music scene, historically associated with genres like grunge, jazz, and indie rock. The city is home to major companies like Amazon and Microsoft, contributing to its economy and workforce diversity. Outdoor enthusiasts will appreciate Seattle's proximity to hiking, skiing, and water activities. The city experiences a temperate maritime climate, characterized by mild, wet winters and warm, dry summers. With its unique blend of culture, innovation, and natural wonders, Seattle offers something for everyone.

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