Executive Financial Report: Port Townsend (98368)
Evaluating relocation options in Jefferson? The financial benchmark for residing in Port Townsend, WA (98368) indicates that a single worker needs roughly $3,099 monthly ($37,188.34 annually) to maintain an adequate standard of living.
With typical rent and housing utilities averaging an affordable $638 per month—just 21% of baseline expenses—Port Townsend offers exceptionally competitive housing costs compared to wider metropolitan averages across Washington.
Local earnings in Port Townsend (98368) demonstrate strong purchasing power. The area median family income of $68,263 significantly exceeds the annual baseline living threshold ($37,188.34) by a ratio of 1.84x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
On the expenditure side, groceries and essential nutrition require approximately $386 per month in Port Townsend. Direct tax liabilities consume an estimated $408 monthly (13% of total baseline expenses). Favorable state tax policies in WA provide additional financial relief for working professionals.
Overall, Port Townsend (98368) presents a distinct economic profile within Jefferson. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.