Cost of Living in Tacoma, WA
Housing
The housing market plays a significant role in determining the cost of living in Tacoma, WA.
- Housing Index: 140.0 / 100
- Median Home Price is: $466,400
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2200 per month
Considering a move to Tacoma, WA means engaging with a competitive and high-demand housing market. With a housing index of 140.0, it's clear that housing costs are above the national average. The median home price currently stands at 466400, which indicates a substantial investment. Renting is also significant, with average rents for a 2-bedroom apartment at 2100 and a house at 2200. If affordability is a priority, exploring nearby areas with lower costs might be a wise choice, as it can offer similar amenities without overstretching your budget.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tacoma, 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 Tacoma, 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 Tacoma is a financially viable option for your relocation.