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This question is about Federal Way, WA.
What is a good salary in Federal Way, WA?
A good salary in Federal Way, WA is anything over $47,000. That's because the median income in Federal Way is $47,000, which means if you earn more than that you're earning more than 50% of the people living in Federal Way. The average salary in Federal Way is $54,494.
A good hourly wage in Federal Way is $22.6 per hour. That works out to a good weekly wage of $903 per week and a good monthly wage of $3,916 per month. However, using the median income is only one way to calculate a good salary in Federal Way.
Another way to calculate a good salary in Federal Way is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $328,800, a good salary in Federal Way would be $65,760.
Lastly, we can determine a good salary in Federal Way by looking at the cost of living and comparing it to the US average salary. The cost of living in Federal Way is 29% higher than than the national average. The national average salary is $56,310, so a good salary in Federal Way is anything over $72,639 by this measure.
Average Annual Salary in Federal Way, WA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $47,000 | $3,916 | $903 | $22.6 |
| 75th | $67,000 | $5,583 | $1,288 | $32.21 |
| 90th | $92,000 | $7,666 | $1,769 | $44.23 |
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