Changing Compensation Costs in the Seattle Area
Items of note:
Local wages and salaries for private industry workers increased 4.5% from March 2021 to March 2022, compared to the U.S. average of 5.0%.
Local total compensation costs (wages + benefits) increased 7.8% over the year, compared to the U.S. average of 4.8%.
Since 2018 employer costs for employee compensation in the Seattle area have risen on average 3.1% annually.