F
44%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
116%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bryn Mawr-Skyway Washington National
Cost of living144118100
Goods & Services113111100
Groceries116110100
Health care115120100
Housing216135100
Transportation125123100
Utilities9792100

An Overview of Cost of Living in Bryn Mawr-Skyway, WA

Knowing the cost of living in Bryn Mawr-Skyway allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Bryn Mawr-Skyway stands at 144, marking it 44% higher than the national average.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Bryn Mawr-Skyway is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Bryn Mawr-Skyway falls into this category, which may not align with your goal of finding a budget-friendly living environment.

When it comes to the cost of living in Bryn Mawr-Skyway, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 116% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Bryn Mawr-Skyway goods and services are 13% more expensive than the national average, leaving you with less money at the end of the month.

The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Bryn Mawr-Skyway does not fare better, with grocery expenses coming in at 16% higher than the national average.

Is Bryn Mawr-Skyway Affordable?

Is Bryn Mawr-Skyway an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Bryn Mawr-Skyway, the median home price is 139.3% higher than what most folks pay across the country, and monthly rent prices are 61.7% higher than the usual rates. Income levels in Bryn Mawr-Skyway come in at $76,190, which is 37.7% higher than the national average.

What Factors can Influence the Cost of Living in Bryn Mawr-Skyway?

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Bryn Mawr-Skyway starts at 6.5% and the income tax rates start at 0%.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Bryn Mawr-Skyway, the housing index stands at 116% higher than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Where is the Data From?

The Bryn Mawr-Skyway cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Bryn Mawr-Skyway Area
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Cost Of Living Quick Facts

  • The cost of living in Bryn Mawr-Skyway is 22% higher than the Washington average
  • The cost of living in Bryn Mawr-Skyway is 44% higher than the national average
  • Bryn Mawr-Skyway housing is 116% higher than the national average
  • Washington general sales tax is 27% higher than the national average
  • Washington state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Bryn Mawr-Skyway

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Compare Bryn Mawr-Skyway, WA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$99,048$8,254$2,311$2,972
      Renters$48,375$4,031$1,129$1,451
      The affordability of the housing market in Bryn Mawr-Skyway, WA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bryn Mawr-Skyway homeowners, the median income is $99,048. This indicates that a monthly maximum of $2,311 should be spent by homeowners on all housing related costs. Renters have a median income of $48,375. This indicates that renters would have a maximum of $1,129 for their rent related monthly costs.

      Washington Sales Tax

      State General Sales Tax With Max Surtax
      Washington 6.5% 10.4%

      Washington Income Tax

      State Income Tax (Low) Income Tax (High)
      Washington 0% 0%

      Goods & Services

      Item Bryn Mawr-Skyway National avg. Difference
      Haircut $32.12$24.2632.4%
      Beauty Salon $43.48$45.564.6%
      Toothpaste $3.46$3.706.6%
      Shampoo $1.24$1.283.4%
      Movie $11.87$12.132.2%
      Bowling $17.56$18.002.5%

      Groceries

      Item Bryn Mawr-Skyway National avg. Difference
      Ground Beef $5.66$5.843.0%
      Fried Chicken $2.78$1.5776.8%
      Milk $4.85$4.673.7%
      Potatoes $4.43$4.9310.3%
      Pizza $14.86$12.0922.9%
      Beer $11.77$10.4113.1%

      Health Care

      Item Bryn Mawr-Skyway National avg. Difference
      Optometrist $242.14$125.6892.7%
      Doctor $139.77$135.782.9%
      Dentist $164.30$113.2945.0%
      Ibuprofen $11.87$10.6511.4%
      Lipitor $448.83$468.604.2%

      Housing

      Item Bryn Mawr-Skyway National avg. Difference
      Home Price $441,900.00$184,700.00139.3%
      Avg. Mortgage Payment $2,843.91$2,346.6921.2%
      Apartment Rent $1,535.00$949.0061.7%

      Transportation

      Item Bryn Mawr-Skyway National avg. Difference
      Gasoline $4.39$3.4626.9%
      Tire Balancing $77.69$59.9229.7%

      Utilities

      Item Bryn Mawr-Skyway National avg. Difference
      All Electricity $175.38$193.999.6%
      Phone $207.11$192.257.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Fairwood CDP (Spokane County), WA8,05511413.7%
      Algona, WA3,20712525.0%
      Tukwila, WA20,26512827.8%
      SeaTac, WA29,10213130.5%
      Manchester, WA6,05013332.7%
      Bryn Mawr-Skyway, WA17,64314444.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Santa Fe Springs, CA17,64314847.8%
      Kirksville, MO17,6458911.3%
      Bracebridge, ON17,648n/a 
      Macomb, IL17,6588812.4%
      Bay City, TX17,6729010.3%
      Bryn Mawr-Skyway, WA17,64314444.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.