Salary & Cost of Living in Renton, WA
Renton, WA: $72,000 median salary, cost of living index 115, $16.66/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$72,000
$35/hr
Cost of Living
115
US avg = 100
Minimum Wage
$16.66
per hour
Unemployment
3%
rate
Renton, WA Overview
Population
106,785
Median Salary
$72,000
Average Salary
$80,000
Avg Commute
28 min
Median Home Price
$550,000
Median Rent
$1,700/mo
Job Growth
+2.5%
Sales Tax
10.25%
Renton is located in Washington with a population of 106,785. The median household salary is $72,000 per year ($35/hour), which is $12,616 above the national median of $59,384. The average commute time is 28 minutes, and the city has a job growth rate of +2.5%.
Renton Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Renton, WA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$59,038
$4,919.83/month · $2,270.69/biweekly · Effective Rate: 18.0%
Gross Pay
$72,000
Federal Tax
-$7,454
State Tax
$0
Local Tax
$0
FICA
-$5,508
Net Pay
$59,038
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,000.00 | $72,000.00 |
| Federal Income Tax | -$621.17 | -$7,454.00 |
| Washington State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$372.00 | -$4,464.00 |
| Medicare (1.45%) | -$87.00 | -$1,044.00 |
| Net Take-Home Pay | $4,919.83 | $59,038.00 |
Salary Comparison: Renton vs Other Cities
See how Renton's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Renton, WA | $72,000 | 115 | $62,609 |
| National Average | $59,384 | 100 | $59,384 |
| Chula Vista, CA | $72,000 | 140 | $51,429 |
| Elk Grove, CA | $72,000 | 115 | $62,609 |
| Roseville, CA | $72,000 | 115 | $62,609 |
| Arvada, CO | $72,000 | 110 | $65,455 |
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 Renton
Renton's cost of living index is 115 (national average = 100). Living in Renton is 15% more expensive than the national average.
Median Home Price
$550,000
Median Monthly Rent
$1,700
Annual Rent Cost
$20,400
Your Salary's Purchasing Power
Your $59,038 annual take-home pay in Renton has the purchasing power of approximately $51,337 in an average-cost US area. You would need to earn $82,800 in Renton to match a $72,000 salary in an average-cost city.
Top Industries in Renton
Renton's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $72,000.
Salary Tips for Renton 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. Renton's top industries include Aerospace, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $72,000 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.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Renton, WA?
The median salary in Renton, WA is $72,000 per year, or $35 per hour. The average salary is $80,000. This is $12,616 above the national median of $59,384.
What is the cost of living in Renton, WA?
Renton's cost of living index is 115 (national average = 100), meaning it is 15% more expensive compared to the national average. The median home price is $550,000 and the median monthly rent is $1,700.
What are the best industries in Renton?
The top industries in Renton, WA include Aerospace, Technology, Healthcare. The city has a job growth rate of 2.5% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $72,000.
How does Renton's salary compare to other cities?
Renton's median salary of $72,000 is 21.2% above the national median of $59,384. However, when adjusted for cost of living (index: 115), the real purchasing power is approximately $62,609.
What is the minimum wage in Renton, WA?
The minimum wage in Renton, 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.