Air quality in SF is among the top 10 worst in the USA. Cost of Living Comparison Between Seattle, WA and San Francisco, CA You would need around 8,254.35$ in San Francisco, CA to maintain the same standard of life that you can have with 6,400.00 $ in Seattle, WA (assuming you rent in both cities). Seattle, WA is the 7 th most expensive city of database of 304 cities Cost Of Living Housing Costs Median 2-bedroom apartment rent $2,970 Median home price (3BR, 2BA) $921,344 Transportation. Some 33% of thator approximately $1,885went toward housing costs. What is the breakdown of the cost of living? According to MITs living wage calculator, food costs in Florida and Texas run $3,351 per year for a single adult. You could eat out less, cut back on takeout and cook more often. Bankrate.com is an independent, advertising-supported publisher and comparison service. Transportation costs are often the second-largest cost for most people. Each person must take stock of their financial health, lifestyle requirements and future goals. Here are some common categories and general estimated costs to factor in when figuring out where you can afford to live. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Walkability and public transit scores were obtained from, Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. In this video, I am going to share the average cost of living in Seattle so you can get an idea of what to expect to pay on a monthly basis.On this channel, . , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Healthcare in Seattle is 30% higher than the national average. Sunnyvale housing costs are 122.5% more expensive than Seattle housing costs. While Seattle and San Francisco are both coastal cities, they have different climates. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Get matched with a top agent in your area. To maintain your standard of living in Seattle, WA, you'll need a household income of: $40,827 The cost of living is 18% lower in Seattle, WA See Seattle's complete City Life page. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. So when deciding where to live, determine whether your income level will be able to keep pace with cost of living increases. Copyright 2009-2023 Numbeo. lower. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Increasing rapidly. Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis. The tickets are expensive and add to my entertainment expenses, increasing my, The average cost of internet access in the U.S. is $66.20 per month. Cost of living calculators are useful in comparing the expenses associated with different cities or regions. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. The cost of living is 25.45% lower in San Francisco, CA. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. When evaluating offers, please review the financial institutions Terms and Conditions. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. According to the latest BLS data, consumers average over $7,000 per year on food expenses. We believe everyone should be able to make financial decisions with confidence. NerdWallet strives to keep its information accurate and up to date. Seattle vs Bay Area/San Jose - Cost of living - Blind To people who have lived in both the places : How do you compare the cost of living?Is it almost the same with rising house rental cost near Seattle?Need not be proper downtowns in either places, so the comparison can extend to like Redmond vs outer . A cost of living comparison can estimate how far your salary will go based on location. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. Sometimes, these factors will be managed on your behalf. There are various cost of living indexes available online including: In addition, the U.S. Bureau of Labor Statistics publishes the widely referenced Consumer Price Index, or CPI. Even if your employer is covering the cost of a move, there will still be costs that are not covered. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Seattle housing is 124% higher than the national average. In California, they run almost to $4,000 annually. Our partners compensate us. If you would like to know the cost of living in other cities, then please enter a city name. Seattle, Washington's cost of living is 50% higher than the national average. Transportation expenses like bus fares and gas prices are 23% higher than the national average. Goods, services and housing are all very affordable. Similar to housing, food is a basic need. Once you understand what they cover, they'll look less overwhelming. Dont forget to add these factors to your relocation pros and cons list before you pack your bags: Income plays a central role in cost of living decisions. The average American household spent roughly $5,577 per month in 2021. All financial products, shopping products and services are presented without warranty. : This data reflects 2022 and was released from. Highlights. Should you accept an early retirement offer? Match score. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Thats part of the hybrid policy. household income. Consequently, comparing expenses between cities or towns offers you more clarity on your homebuying journey by helping you better target the regions where you can afford to live that also provide the standard of living you enjoy. But even then, the price of groceries is going to significantly influence your cost of living. Pre-qualified offers are not binding. It may also include such expenses as transportation, health care, entertainment and education. Its a lot different. Seattle, Washington is ranked number 96 out of 100 major cities. Similarly, Floridas cost of living is just 1 percent lower than the country as a whole, according to RentCafe. Health care is also one of the most significant expenses consumers face, eating up about 8 percent of a consumers annual budget, or about $5,452. While other resources provide basic cost comparisons. If you plan to drive to work, also do some research on average traffic in your destination town or city. If you enjoy a lot of sin products ca is better. Regarding how much of your income you should apply to what costs, theres a general principle known as the 50/30/20 budget rule. . Our partners cannot pay us to guarantee favorable reviews of their products or services. Seattle, Washington is considered to have a very good public transport system. The 28/36 rule is a common sense guideline that states you should not spend more than 28% of your monthly gross income on housingeither your mortgage payment or rentand 36% of your monthly gross income on your total debt. Compare some of America's most popular cities. This information may be different than what you see when you visit a financial institution, service provider or specific products site. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. All financial products, shopping products and services are presented without warranty. The total income . Comparisons improve with every new data that you enter. Walkability and public transit scores were obtained fromWalk Score. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Typically, the index is based on expenses such as food, housing, utilities, transportation, health care and other goods. The cost of electricity in Washington has gone down by 1.608% in the past year. We help you decide by comparing all the largest . Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. The median after-tax salary is $6182, which is enough to cover living expenses for 2.1 months. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access In California, they run almost to $4,000 annually. There are nearly 8 million people in an area smaller than the Seattle Metro. Costs are dropping at a rapid rate. To maintain your standard of living in Seattle, WA, you'll need a household income of: The cost of living is 18% lower in Seattle, WA. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. This information may be different than what you see when you visit a financial institution, service provider or specific products site. The rule of thumb is not to spend more than 30% of your total income on housing. My point is the Bay Area feels much, much bigger and more urbanized. Transportation tends to cost 11.81% If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. To give you an idea of how living expenses vary by state, lets compare the cost of living differences in the countrys three most-populated states: California, Texas and Florida. Written by Mia Taylor | Edited by Troy Segal. For instance, if you need to stay in one location for an office job, plan to settle down and start a family or decide you prefer the stability and equity benefits owning a home offers, buying could be the right move if you have enough money to invest in homeownership. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,601 per month to avoid calamity and poverty. Entertainment: A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Health related expenses are 2.0% more in Los Angeles. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. from the Council for Community and Economic Research. Households spent an average of $10,961or $913 per monthon transportation expenses. Decreasing steadily. >Seattle, WA vs San Francisco, CA Cost of Living Comparison Between Seattle, WAand San Francisco, CA You would need around 8,737.8$in San Francisco, CAto maintain the same standard of life that you can have with 7,500.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Do these housing costs seem low to you? Atlanta housing costs are 60.7% less expensive than Seattle housing costs. Increasing steadily. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Whether youre a commuter via your own vehicle or public transportation, considering factors like the price of gas and monthly cost of taking a train or bus is crucial when budgeting for your move. Although theres no federally reported cost of living index, organizations such as the Economic Policy Institute and Council for Community and Economic Research provide tools to calculate and compare costs. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Utilizing public transportation could reduce commuting costs in Seattle, Washington. People generally feel more comfortable spending on non-essential items when broader economic conditions are positive. The information can also be used to help you determine or negotiate the salary youll need in order to cover your basic needs in a particular city. Cost of. For example, if you live in Bakersfield, your cost of living is 4 percent higher than the national average, but if you live in San Francisco, its 91 percent higher. Your use of this service is subject to our Health care, childcare, education, transportation and utilities are additional necessities that combine to create the overall cost of living for the average individual or family. Washington is ranked NO. Health insurance makes up the largest portion of that number. Home equity line of credit (HELOC) calculator. Before you get the keys to your new home, you'll have to pay closing costs. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Cost of living. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Design, Go to company page Goods & Services index. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Aside from your personal expenses and lifestyle habits, youll also need to be mindful of macroeconomic items that arent within your control such as inflation, interest rate hikes, and mortgage rate fluctuations. 6 in U.S for public transportation availability. Get your true budget and find a home with ease. Since he has 2 children, he needs to have a large apartment. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. How does income impact cost-of-living decisions? Necessary expenses are living costs that cannot be avoided. Privacy Policy. This is based on the, Using a cost of living calculator can be a helpful way to determine whether or not you can realistically. Price collection by city is conducted in strict conformance with standard specifications at specified times. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Seattle (/sitl/ (listen) see-AT-l) is a seaport city on the West Coast of the United States. Datadog. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. The guideline advises you to devote 50% of your post-tax income to must-have needs, 30% to wants and 20% to savings. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Seattle, Washington has on average 149 days per years with rain. Our cost of living calculator will help you figure out if your move will work for your budget and salary. Overall, MIT estimates, to have a basic living wage, your pre-tax earnings would need to be $45,382 in California; $35,858 in Florida; and $34,127 in Texas. One of the most important aspects to a good quality of life is good healthcare. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. ago Comparison Highlights - Overall, San Francisco, California is 45.4% more expensive than Seattle, Washington If you are planning to drive to work, you will be spending a lot of time and gas to get there. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Use our tool to get a personalized report on your market worth. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. A Red Ventures company. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. For example, the cost of living in San Francisco is twice that of Boise, Idaho. Cities ranking. Also, inflation is inevitable. Seattle has grocery prices that are 25% higher than the national average. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Whether you're planning for an upcoming move or just curious about the cost of living in other cities, the PayScale Cost of Living Calculator is the place to begin your research (or daydreaming). But even then, the price of groceries is going to significantly influence your cost of living. A salary of $115,000 in Seattle, Washington should increase to $167,223 in San Francisco, California (assumptions include Homeowner, no Child Care, and Taxes are not considered. Amazon Seattle, Washington is one of the Worst cities in the United States for driving. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. After all, your paycheck largely determines how much you can afford to spend every month. Sunnyvale is 67.2% more expensive than Seattle. TOP 3 Comments. Overall I would not regret the move at all. Copyright 2009-2023 Numbeo. NerdWallet strives to keep its information accurate and up to date. Also, remember that some of the outputs on the cost of living calculator like medical visits are for a single person, so youll need to adjust the calculations if youre married or have children. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. But depending on their income, American consumers may spend anywhere from 10.9 percent to 15.8 percent of their annual income on this category. 3. Our partners cannot pay us to guarantee favorable reviews of their products or services. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. Bring your umbrella! Comparisons improve with every new data that you enter. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Most goods and services are affordable. Facebook public2. Depends on your lifestyle. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. These might include recreation, entertainment or other items consumers purchase when they have money leftover after necessary expenses are covered. Our partners compensate us. Cost of living information can be helpful to make comparisons between two or more cities and determine how much money would be required to make ends meet. Awful. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. If the weather is bad, commute time can double! Just enter your salary and job title as well as your current location and the city where you're considering a move. Utilities tend to cost 21.92% Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. When evaluating offers, please review the financial institutions Terms and Conditions. It is the seat of King County, Washington. Do not sell or share my personal information. Los Angeles housing costs are 3.7% more expensive than Seattle housing costs. There are ways to save money on your food expenses if you plan carefully. Copyright 2009-2023 Numbeo. Visa zxcv7. Transportation index. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. > Cost of Living in Seattle vs San Francisco San Francisco is a more expensive city than Seattle, but they're both extremely expensive relative to the rest of the county. The cost of living in Seattle is 57% higher than the national average, Washington general sales tax is 28% higher than the national average, Washington state income tax is 100% lower than the national average. Pre-qualified offers are not binding. Click here to customize .) Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Additionally, San Francisco isn't forgiving when it comes to taxes either. Other costs in the healthcare category include medical services and supplies and drugs. More traffic means more gas spent. Cost of living calculations are based on various key necessities and expenses. In 2021, American households spent an average of $8,289 on food, or 10 percent of their budget, according to the Consumer Expenditure Survey. Looks for areas of Seattle, Washington where there is a large student population. These include: Housing is considered a necessity, an essential cost of living that cannot be avoided. Sin products are alcohol, cigarettes, and weed which wa taxes heavily. The cost of living in Seattle is 34% higher than the Washington average. Pre-qualified offers are not binding. San Francisco Bay Area . Education costs meanwhile amount to about $1,226 annually. You could eat out less, cut back on takeout and cook more often. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. NYC sounds like a good fit for you. If youre a Social Security recipient, for example, your benefit will be updated for inflation as needed, thanks to the annual cost-of-living adjustment (COLA). Your use of this service is subject to our According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. This is where the 28/36 rule comes in, which clarifies how much how you can afford. Nov 20, 2020 0 2. You don't move to the bay from Seattle for an immediate raise. Read more from, Yes, cost of food is important as we all have to eat! And it adds up. Add another city. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. 737K. Cost of living indexes typically use numerical values when measuring and comparing affordability, often working with either the national average as a benchmark or a base score of 100 for a specific city. Prices are increasing, but at a reasonable rate. Overall average salary. Disclaimer: NerdWallet strives to keep its information accurate and up to date. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. According to the latest BLS data, consumers average over $7,000 per year on food expenses. higher. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Besides your monthly mortgage payments and other housing costs, being able to afford a home also requires enough money to cover a host of other ongoing expenses, such as food, transportation, taxes, utilities, healthcare, childcare and entertainment. Not surprisingly, cost of living varies widely from place to place. This is how much you would need to earn in. Seattle, WA area prices were up 2.8% from a year ago. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city.