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: $466400
• 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 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: 125.3

Median Income

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

• Median Income: $79085

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 Tacoma, 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.