Finance & Business

Average Seattle Household Needs $91K to Afford Rent

35
Seattle Household

Renting in Seattle has become significantly more expensive, with households now needing nearly $91,000 annually to afford typical monthly rent, according to Zillow data compiled by Axios. This represents a 23% increase over the past five years.

Zillow calculates affordability using the guideline that rent should not exceed 30% of a household’s income. In April 2025, the average rent in the Seattle metro area was $2,271 per month.

This translates to an annual income requirement of $90,840, ranking Seattle 11th among major U.S. metro areas for rent affordability.

Seattle’s relatively high median household income of $110,744 in 2023 helps many families manage rent costs. However, single earners face more challenges, as the city’s per capita income of $82,508 falls below the affordability threshold.

Nationally, the typical rent in April was $2,024 per month, requiring an annual income of about $80,949—roughly $10,000 less than in Seattle.

“Housing costs have surged since pre-pandemic, with rents growing faster than wages,” said Orphe Divounguy, senior economist at Zillow. “This leaves little room for other expenses and makes it harder for individuals to save for a future home.”

The data highlights the growing gap between wages and housing costs, even in regions with high incomes like Seattle.

Written by
Sazid Kabir

I've loved music and writing all my life. That's why I started this blog. In my spare time, I make music and run this blog for fellow music fans.

Stay updated with nomusica.com. Add us to your preferred sources to see our latest updates first.

Related Articles

Nvidia CEO Jensen Huang at CES 2025
Finance & BusinessTech & Science

Nvidia Pulls Back on $100B OpenAI Investment, Confirms Smaller, Measured Support

Nvidia CEO Jensen Huang has clarified that the previously reported $100 billion...

Amazon
Finance & Business

16,000 Amazon Corporate Workers to Lose Jobs Amid AI Push

Amazon announced Wednesday that it will lay off about 16,000 corporate employees,...

JPMorgan Chase
Finance & BusinessWorld News & Politics

JPMorgan and Bank of America to Match $1,000 for Employee ‘Trump Accounts’

JPMorgan Chase and Bank of America said Wednesday that they will match...

Bitcoin
Finance & BusinessCrypto

U.S. Dollar ‘Crisis’ Fears Could Spark Major Bitcoin Rally

Bitcoin prices have fallen below the closely watched $90,000 level as concerns...