Cost of Living in Federal Way, WA
Population: 99,232 • 2026 Data
$82,144
Median Household Income
+6% vs national
$1,738
Median Monthly Rent
+29% vs national
$499,600
Median Home Value
+47% vs national
5.9%
Unemployment Rate
Housing in Federal Way
The median home value in Federal Way, WA is $499,600. Monthly rent for a typical unit averages $1,738, while total monthly housing costs (including utilities and insurance) average $1,781.
Rent-to-income ratio: 25.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Federal Way, WA is $82,144. The unemployment rate stands at 5.9%, with a labor force of 51,743 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.