The U.S Department of Housing and Urban Development recently released the revised income limits for 2017. After looking at the report it shows, if you make $72,000 or less for a family of four in King and Snohomish County, you are considered low income.
For a single person in those counties, $50,4000 is considered low income.
In April of last year, we looked at some numbers and concluded that you needed to make at least $72,092 to live “comfortably” in Seattle. It looks like those numbers have risen again! High living cost has driven many residents out of King County and into the surrounding Snohomish and Pierce counties.
The median household income’s in King and Snohomish counties are $96,000. With home prices and rent prices increasing faster than any other city in Seattle, we are moving into unhealthily economic territories where affordability has been exceeded.