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: $403000
• 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 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: 105.3

Median Income

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

• Median Income: $63316

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 Spokane, 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.