Cost of Living in Spokane, WA
Housing
The housing market plays a significant role in determining the cost of living in Spokane, WA.
- Housing Index: 110.0 / 100
- Median Home Price is: $403,000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1440 per month
In Spokane, WA, the housing index stands at 110.0, indicating a slightly above-average cost for the area. With a median home price of 403000, affording ownership may seem challenging for many. Rental prices in the region are also noteworthy, with averages at 1400 for a 2-bedroom apartment and 1440 for a 2-bedroom house. As you consider relocating, keep in mind the broader trend of increasing housing costs nationwide, which can strain budgets and influence your decision on whether to rent or buy in this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Spokane, 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 Spokane, 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 Spokane is a financially viable option for your relocation.