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Thursday 24 September 2026 21:27:06 GMT
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💰 A new report says it can cost $10,000–$30,000 MORE per engineer, per year to base a tech job in Seattle instead of Bellevue. The analysis from economic research firm Formation puts a dollar figure on the tax differences between the two cities, and argues that those costs are influencing where companies choose to locate employees. Here are the details:
• 💻 The report estimates a $10K–$30K annual tax gap per engineer between Seattle and Bellevue.
• 💰 Seattle’s JumpStart payroll tax is identified as one factor contributing to the difference.
• 🌆 The report argues these costs are helping push more tech jobs and office investment toward the Eastside.
• 🏢 Amazon has continued reducing portions of its Seattle office footprint while maintaining a major presence in Bellevue.
• 🤖 Companies including Goldman Sachs and OpenAI have also established engineering operations in Bellevue.
• 🌉 The broader trend is adding to the debate over Seattle’s competitiveness with its neighbor across Lake Washington. When you’re talking about companies employing thousands of high-paid engineers, even a five-figure difference per employee can add up quickly. Do you think Bellevue will continue gaining tech jobs at Seattle’s expense? 👇 🏡 Have real estate questions, or looking to buy or sell a home in Seattle or the outlying suburbs? 😃 I’m happy to help! I’ve been a licensed Realtor for 10 years now and love helping people make the move in and around the Seattle metropolitan area.  👆 Feel free to click the link in my bio to get started.
💰 A new report says it can cost $10,000–$30,000 MORE per engineer, per year to base a tech job in Seattle instead of Bellevue. The analysis from economic research firm Formation puts a dollar figure on the tax differences between the two cities, and argues that those costs are influencing where companies choose to locate employees. Here are the details:
• 💻 The report estimates a $10K–$30K annual tax gap per engineer between Seattle and Bellevue.
• 💰 Seattle’s JumpStart payroll tax is identified as one factor contributing to the difference.
• 🌆 The report argues these costs are helping push more tech jobs and office investment toward the Eastside.
• 🏢 Amazon has continued reducing portions of its Seattle office footprint while maintaining a major presence in Bellevue.
• 🤖 Companies including Goldman Sachs and OpenAI have also established engineering operations in Bellevue.
• 🌉 The broader trend is adding to the debate over Seattle’s competitiveness with its neighbor across Lake Washington. When you’re talking about companies employing thousands of high-paid engineers, even a five-figure difference per employee can add up quickly. Do you think Bellevue will continue gaining tech jobs at Seattle’s expense? 👇 🏡 Have real estate questions, or looking to buy or sell a home in Seattle or the outlying suburbs? 😃 I’m happy to help! I’ve been a licensed Realtor for 10 years now and love helping people make the move in and around the Seattle metropolitan area. 👆 Feel free to click the link in my bio to get started.

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