Cost of Living in Federal Way, WA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
154.3
100 = national avg
+54.3 vs national average
Living Wage (1 Adult)
$67,891
per year
Living Wage (Family of 4)
$160,470
per year
Cost Index by Category
Housing215.4
Food112.8
Transportation127.0
Healthcare110.2
Utilities130.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,146
per month
2 Bedroom
$2,501
per month
The overall cost of living index in Federal Way is 154.3, which is 54.3% above the national average. Housing costs are above the national average at an index of 215.4. A single adult needs to earn approximately $67,891 per year to cover basic expenses.