Housing costs in Federal Way?
A typical home costs
$527,000, which is 55.9% more expensive than the national average of
$338,100 and 1.4% less expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Federal Way costs
$1,820 per month, which is 5.2% more than the national average of
$1,730 and 13.7% cheaper than the state average of
$2,070.
Can I afford Federal Way?
To live comfortably in Federal Way (zip 98003), Washington, a minimum annual income of
$100,800 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Federal Way?
The cost of living in 98003 Federal Way, WA is quite affordable. Compared to the national average, housing here is comparatively cheaper with an overall cost of living index score of 97.7. Additionally, groceries, healthcare, and transportation are all reasonably priced. For those looking to save on monthly expenses, Federal Way offers reasonable prices for its amenities and services. Overall, 98003 Federal Way is a great option for those seeking an affordable place to live without sacrificing quality or access to necessary amenities.