MYNORTHWEST NEWS

Study: Bellevue, Seattle among cities where ‘you’re broke earning $100K’

Oct 14, 2019, 10:38 AM

A new study released by GOBankingRates says Seattle and Bellevue are among 25 US cities where earning $100,000 a year isn’t enough to cover basic living expenses.

Report: Seattle rent prices among highest in the entire country

The study says many affluent cities that produce the highest salaries have also seen basic costs of living climb higher and higher.

A $100,000 salary might be seen as a “rich” person’s salary in other cities, but not so in Bellevue and Seattle, it says.

According to the study, those who earn $100,000 a year in Seattle would be just over $24,000 short at the end of the year.

  • Metro area: Seattle-Tacoma-Bellevue
  • Average monthly rent: $2,238
  • Overall annual expenditures: $124,062.60
  • Amount left over from $100,000: -$24,062.60

As for Bellevue, the study’s data shows you would be nearly $41,000 short on a $100,000 salary.

  • Metro area: Seattle-Tacoma-Bellevue
  • Average monthly rent: $2,421
  • Overall annual expenditures: $140,908.36
  • Amount left over from $100,000: -$40,908.36

Seattle came in at number 10 on the list while Bellevue reached number 5.

Report: Seattle renters flock to Portland as growing tech hub

GOBankingRates says 17 of the 25 cities identified in the study are in California, including Sunnyvale, which took the number one spot, where a resident earning $100,000 a year would be $138,333.99 in the hole after expenses.

MyNorthwest News

Photo: On Monday, Mayor Bruce Harrell announced there will be 16 new preschool classrooms across Se...

Julia Dallas

Harrell’s office announces Seattle preschool slots for thousands of kids

Thousands more families will have the chance to start their children's Seattle preschool education earlier, thanks to a program launching.

6 hours ago

Digital...

Micki Gamez

How parents can help prevent children from falling victim to online sex crimes

Chances are, if your teen has a cell phone or tablet, they either know someone or they have been the victim of an online sex crime because kids as young as seven are online more than ever. My interest in this story began almost the same time last year when my daughter came home and […]

10 hours ago

Pierce County Jail...

Bill Kaczaraba

Pierce County Corrections chief at odds with the employee guild

The Corrections Bureau's Guild has issued Patti Jackson a vote of 'no confidence,' as reported by The Tacoma News Tribune.

11 hours ago

Image: A Seattle Police Department vehicle seen during the day...

Sam Campbell

Security guard stabbed, suspect barricades inside Beacon Hill apartment

SWAT officers surrounded a complex in Seattle's Beacon Hill neighborhood after police said a man stabbed a guard barricaded himself inside.

13 hours ago

seattle indecent exposure...

Frank Sumrall

Seattle man arrested for 14 counts of indecent exposure, most near schools

A 34-year-old man was arrested by Seattle police (SPD) in connection to 14 counts of indecent exposure near Lake Forest Park.

13 hours ago

Federal Way shootings...

Bill Kaczaraba

Federal Way Police say two shootings are related

Police believe two shootings in Federal Way are related.

15 hours ago

Study: Bellevue, Seattle among cities where ‘you’re broke earning $100K’