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: $693,000
- 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 Lynnwood is a financially viable option for your relocation.