Salary & Cost of Living in Federal Way, WA
Federal Way, WA: $58,000 median salary, cost of living index 105, $16.66/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$58,000
$28/hr
Cost of Living
105
US avg = 100
Minimum Wage
$16.66
per hour
Unemployment
3.5%
rate
Federal Way, WA Overview
Population
99,037
Median Salary
$58,000
Average Salary
$64,000
Avg Commute
30 min
Median Home Price
$420,000
Median Rent
$1,500/mo
Job Growth
+1.8%
Sales Tax
10.1%
Federal Way is located in Washington with a population of 99,037. The median household salary is $58,000 per year ($28/hour), which is $1,384 below the national median of $59,384. The average commute time is 30 minutes, and the city has a job growth rate of +1.8%.
Federal Way Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Federal Way, WA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$48,642
$4,053.46/month · $1,870.83/biweekly · Effective Rate: 16.1%
Gross Pay
$58,000
Federal Tax
-$4,922
State Tax
$0
Local Tax
$0
FICA
-$4,437
Net Pay
$48,642
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,833.33 | $58,000.00 |
| Federal Income Tax | -$410.13 | -$4,921.50 |
| Washington State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$299.67 | -$3,596.00 |
| Medicare (1.45%) | -$70.08 | -$841.00 |
| Net Take-Home Pay | $4,053.46 | $48,641.50 |
Salary Comparison: Federal Way vs Other Cities
See how Federal Way's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Federal Way, WA | $58,000 | 105 | $55,238 |
| National Average | $59,384 | 100 | $59,384 |
| Escondido, CA | $58,000 | 135 | $42,963 |
| Newark, DE | $58,000 | 102 | $56,863 |
| Jacksonville, FL | $58,000 | 96 | $60,417 |
| Palm Bay, FL | $58,000 | 95 | $61,053 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Federal Way
Federal Way's cost of living index is 105 (national average = 100). Living in Federal Way is 5% more expensive than the national average.
Median Home Price
$420,000
Median Monthly Rent
$1,500
Annual Rent Cost
$18,000
Your Salary's Purchasing Power
Your $48,642 annual take-home pay in Federal Way has the purchasing power of approximately $46,325 in an average-cost US area. You would need to earn $60,900 in Federal Way to match a $58,000 salary in an average-cost city.
Top Industries in Federal Way
Federal Way's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $58,000.
Salary Tips for Federal Way Workers
- No state income tax advantage. Washington has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Federal Way's top industries include Retail, Healthcare, Education. Targeting roles in these sectors can help you earn above the $58,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Federal Way, WA?
The median salary in Federal Way, WA is $58,000 per year, or $28 per hour. The average salary is $64,000. This is $1,384 below the national median of $59,384.
What is the cost of living in Federal Way, WA?
Federal Way's cost of living index is 105 (national average = 100), meaning it is 5% more expensive compared to the national average. The median home price is $420,000 and the median monthly rent is $1,500.
What are the best industries in Federal Way?
The top industries in Federal Way, WA include Retail, Healthcare, Education. The city has a job growth rate of 1.8% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $58,000.
How does Federal Way's salary compare to other cities?
Federal Way's median salary of $58,000 is 2.3% below the national median of $59,384. However, when adjusted for cost of living (index: 105), the real purchasing power is approximately $55,238.
What is the minimum wage in Federal Way, WA?
The minimum wage in Federal Way, WA is $16.66 per hour. This equals approximately $34,653 per year for a full-time worker (40 hours/week). This is $9.41 above the federal minimum wage of $7.25/hour.