D
28%
Overall NAT. AVG.
23%
Goods & Services NAT. AVG.
57%
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 Ferndale Washington National
Cost of living128118100
Goods & Services123111100
Groceries109110100
Health care116120100
Housing157135100
Transportation122123100
Utilities9292100

An Overview of Cost of Living in Ferndale, WA

Getting a feel for the cost of living in Ferndale is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Ferndale is 128, which is 28% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

The cost of living in Ferndale 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, Ferndale falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in Ferndale, 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 57.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Ferndale, you you will have to spend 22.7% more than average when compared to the typical prices for these items, making it a more expensive place to live.

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

Locals have the inside scoop on their city. So, we polled 8 residents in Ferndale to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 0% find it reasonable with decreasing prices, but 100% think it's quite pricey, with prices that continue to rise.

Is Ferndale Affordable?

Is Ferndale affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Ferndale, the median home price is 78.6% higher than the national average and monthly rent prices are 8.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Ferndale boasting a median household income of $62,852, 13.6% higher than the national average.

What Factors can Influence the Cost of Living in Ferndale?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Ferndale, the housing index is 57.5% higher than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Ferndale, the prevailing sales tax rate starts at 6.5%, and income tax rates kick off at 0%.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, 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 farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Where is the Data From?

The Ferndale 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Ferndale is 8% higher than the Washington average
  • The cost of living in Ferndale is 28% higher than the national average
  • Ferndale housing is 57% 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 Ferndale

See all the best places to live around Ferndale

Compare Ferndale, 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$88,048$7,337$2,054$2,642
      Renters$33,804$2,817$789$1,014
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Ferndale, WA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Ferndale homeowners, is $88,048. This would allow for a maximum of $2,054 per month to be spent on housing costs. For renters, the median monthly income is $33,804 which would result in a maximum of $789 to be spent on rental 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 Ferndale National avg. Difference
      Haircut $28.08$24.2615.8%
      Beauty Salon $51.55$45.5613.1%
      Toothpaste $4.05$3.709.4%
      Shampoo $1.21$1.285.3%
      Movie $14.34$12.1318.2%
      Bowling $22.57$18.0025.4%

      Groceries

      Item Ferndale National avg. Difference
      Ground Beef $6.04$5.843.4%
      Fried Chicken $2.19$1.5739.4%
      Milk $4.95$4.675.9%
      Potatoes $4.40$4.9310.8%
      Pizza $14.85$12.0922.8%
      Beer $11.40$10.419.5%

      Health Care

      Item Ferndale National avg. Difference
      Optometrist $219.25$125.6874.4%
      Doctor $165.08$135.7821.6%
      Dentist $120.58$113.296.4%
      Ibuprofen $11.45$10.657.5%
      Lipitor $506.80$468.608.2%

      Housing

      Item Ferndale National avg. Difference
      Home Price $329,800.00$184,700.0078.6%
      Avg. Mortgage Payment $3,459.43$2,346.6947.4%
      Apartment Rent $1,027.00$949.008.2%

      Transportation

      Item Ferndale National avg. Difference
      Gasoline $4.43$3.4628.1%
      Tire Balancing $64.11$59.927.0%

      Utilities

      Item Ferndale National avg. Difference
      All Electricity $163.64$193.9915.6%
      Phone $200.80$192.254.4%
      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.
      Sumas, WA1,40511615.9%
      Everson, WA2,77312221.8%
      Birch Bay, WA9,91712423.6%
      Nooksack, WA1,59412524.9%
      Blaine, WA5,42712928.8%
      Ferndale, WA14,59112828.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Greenlawn, NY14,59814141.3%
      Homosassa Springs, FL14,5668317.4%
      Thibodaux, LA14,565928.5%
      Yankton, SD14,6198812.2%
      Roanoke Rapids, NC14,5628812.3%
      Ferndale, WA14,59112828.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.