Cost of Living in Lynnwood, WA

Housing

The housing market plays a significant role in determining the cost of living in Lynnwood, WA.

• Housing Index: 120.5 / 100
• Median Home Price is: $693000
• Average Rent (2 BR Apartment): $2300 per month
• Average Rent (2 BR House): $2400 per month

Considering a move to Lynnwood, WA? The local housing index stands at 120.5, signifying a competitive market. With a median home price of 693000, buying could pose financial challenges, while average rent for a 2-bedroom apartment is about 2300 and for a house, around 2400. It's crucial to assess your budget and long-term plans. Remember, high rental prices indicate demand, so thoroughly research neighborhood amenities and growth potential. Overall, balancing costs with lifestyle preferences will aid your decision-making process in this vibrant market.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lynnwood, WA.

• Electricity Price: 12.34 USD (median by state)
• Natural Gas Price: $18.14 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Lynnwood, WA could entail higher utility costs. Electricity costs sit at 12.34, while natural gas is priced at 18.14 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $72241

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Lynnwood, WA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.