F
34%
Overall NAT. AVG.
19%
Goods & Services NAT. AVG.
78%
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 Everett Washington National
Cost of living134118100
Goods & Services119111100
Groceries112110100
Health care118120100
Housing178135100
Transportation122123100
Utilities9592100

An Overview of Cost of Living in Everett, WA

Are you thinking about relocating, but curious about the potential cost of living in Everett? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Everett stands at 134, making it 34% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Everett is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Everett falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a major factor in the Everett cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 78% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Everett, these items will cost you 18.7% more than what's considered the norm, making it a more expensive place to call home.

Groceries are getting more expensive by the day and the cost of groceries makes up 13% of the overall cost of living index. In the past two years, prices have shot up by over 10%! Unfortunately, in Everett, it's the same story – grocery costs are 12.4% higher than what people pay across the country.

What Do Locals Say About the Cost of Living in Everett?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 10 locals to understand their opinions on the cost of living in Everett. The results indicated that 10% found it reasonably priced with decreasing prices of goods and services, while 90% viewed it as quite expensive, with increasing prices.

Is Everett Affordable?

Wondering if Everett is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Everett, for example, the median home price is 94.9% higher than what folks pay nationally, and monthly rent is 38.7% higher than the usual rates. Plus, income levels matter too, with Everett boasting a median household income of $66,023, which is 19.3% higher than the national average.

What Factors can Influence the Cost of Living in Everett?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Everett, the housing index comes in at 78% 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.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Where is the Data From?

The cost of living in Everett, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Everett is 13% higher than the Washington average
  • The cost of living in Everett is 34% higher than the national average
  • Everett housing is 78% 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 Everett

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Compare Everett, 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$91,085$7,590$2,125$2,733
      Renters$48,152$4,013$1,123$1,445
      To approximate the cost of living and the housing affordability in Everett, WA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Everett have a median income of $91,085. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,125 per month to avoid calamity and poverty. The renters in the city have an income of about $48,152, which would make their monthly maximum allowable rental costs $1,123.

      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 Everett National avg. Difference
      Haircut $31.33$24.2629.1%
      Beauty Salon $49.67$45.569.0%
      Toothpaste $3.89$3.705.1%
      Shampoo $1.21$1.285.8%
      Movie $12.43$12.132.4%
      Bowling $18.08$18.000.5%

      Groceries

      Item Everett National avg. Difference
      Ground Beef $6.18$5.845.9%
      Fried Chicken $2.23$1.5742.0%
      Milk $4.87$4.674.2%
      Potatoes $4.43$4.9310.2%
      Pizza $13.35$12.0910.4%
      Beer $11.13$10.416.9%

      Health Care

      Item Everett National avg. Difference
      Optometrist $132.73$125.685.6%
      Doctor $183.40$135.7835.1%
      Dentist $146.29$113.2929.1%
      Ibuprofen $11.37$10.656.7%
      Lipitor $508.19$468.608.4%

      Housing

      Item Everett National avg. Difference
      Home Price $359,900.00$184,700.0094.9%
      Avg. Mortgage Payment $3,228.87$2,346.6937.6%
      Apartment Rent $1,316.00$949.0038.7%

      Transportation

      Item Everett National avg. Difference
      Gasoline $4.14$3.4619.7%
      Tire Balancing $65.57$59.929.4%

      Utilities

      Item Everett National avg. Difference
      All Electricity $163.64$193.9915.6%
      Phone $200.10$192.254.1%
      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.
      Hat Island, WA6111414.5%
      Canyon Creek, WA3,21812423.6%
      Granite Falls, WA3,96112625.9%
      North Marysville, WA13812726.8%
      Indianola, WA3,56413433.8%
      Everett, WA110,84013433.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Miami Gardens, FL110,76711010.0%
      West Palm Beach, FL111,00611515.2%
      Pompano Beach, FL111,20211110.5%
      Gresham, OR110,45612423.9%
      Downey, CA111,26316262.0%
      Everett, WA110,84013433.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.