How Much Does It Cost to Live in Seattle, Washington?

Seattle is a medium city located in Washington with a metropolitan area population of 634,535. A couple could live a moderate lifestyle in Seattle on a budget of $4,700 per month, or $56,404 per year.

Cost of Living in Seattle, Washington

As noted above, the cost of living in Seattle, Washington is $4,700 per month for a couple living a moderate lifestyle. This budget consists of $2,755 for housing related costs, $863 for food, and $1,082 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Seattle is estimated to cost $2,409
  • Basic utilities including electricity, water, and gas will run about $269
  • High-speed internet averages $77

Food

  • Typical grocery costs of $612 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $122
  • Frequent coffees in a neighborhood café are estimated to be about $129

Other

  • Meals out are estimated to be $625 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $248 for public transport passes and occasional taxis
  • Fitness center memberships of $140
  • Cinema tickets of $70 include several outings for international releases

Note that Seattle, Washington is a very walkable city with a Walk Score of 99/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

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Amount of Money Needed to Retire in Seattle, Washington

Many people searching the internet for the cost of living in Seattle, Washington are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $1,410,108 to live a moderate lifestyle in Seattle, Washington.

Annual expenses of $56,404 ÷ 4% = $1,410,108 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Seattle, Washington is affordable coming in at $4,700 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $1,410,108.

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