Cost Of Living in Larch Way, WA

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	Larch Way	Washington	National
Cost of living	159	118	100
Goods & Services	119	111	100
Groceries	112	110	100
Health care	118	120	100
Housing	262	135	100
Transportation	122	123	100
Utilities	95	92	100

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Cost Of Living Quick Facts

The cost of living in Larch Way is 34% higher than the Washington average
The cost of living in Larch Way is 59% higher than the national average
Larch Way housing is 162% 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

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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	$117,614	$9,801	$2,744	$3,529
Renters	$63,682	$5,307	$1,486	$1,911

The affordability of the housing market in Larch Way, 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 Larch Way homeowners, the median income is $117,614. This indicates that a monthly maximum of $2,744 should be spent by homeowners on all housing related costs. Renters have a median income of $63,682. This indicates that renters would have a maximum of $1,486 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	Larch Way	National avg.	Difference
Haircut	$31.33	$24.26	29.1%
Beauty Salon	$49.67	$45.56	9.0%
Toothpaste	$3.89	$3.70	5.1%
Shampoo	$1.21	$1.28	5.8%
Movie	$12.43	$12.13	2.4%
Bowling	$18.08	$18.00	0.5%

Groceries

Item	Larch Way	National avg.	Difference
Ground Beef	$6.18	$5.84	5.9%
Fried Chicken	$2.23	$1.57	42.0%
Milk	$4.87	$4.67	4.2%
Potatoes	$4.43	$4.93	10.2%
Pizza	$13.35	$12.09	10.4%
Beer	$11.13	$10.41	6.9%

Health Care

Item	Larch Way	National avg.	Difference
Optometrist	$132.73	$125.68	5.6%
Doctor	$183.40	$135.78	35.1%
Dentist	$146.29	$113.29	29.1%
Ibuprofen	$11.37	$10.65	6.7%
Lipitor	$508.19	$468.60	8.4%

Housing

Item	Larch Way	National avg.	Difference
Home Price	$538,500.00	$184,700.00	191.6%
Avg. Mortgage Payment	$3,228.87	$2,346.69	37.6%
Apartment Rent	$1,822.00	$949.00	92.0%

Transportation

Item	Larch Way	National avg.	Difference
Gasoline	$4.14	$3.46	19.7%
Tire Balancing	$65.57	$59.92	9.4%

Utilities

Item	Larch Way	National avg.	Difference
All Electricity	$163.64	$193.99	15.6%
Phone	$200.10	$192.25	4.1%

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, WA	61	114	14.5%
Port Gamble Tribal Community, WA	783	106	6.3%
Indianola, WA	3,564	134	33.8%
Everett, WA	110,840	134	33.5%
Marysville, WA	69,629	134	34.0%
Larch Way, WA	3,770	159	58.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Nellis AFB, NV	3,770	92	8.0%
L'Ange-Gardien, QC	3,768	n/a
Bright, NB	3,772	n/a
Leisure Village West, NJ	3,767	103	3.2%
Richfield, OH	3,767	103	2.9%
Larch Way, WA	3,770	159	58.6%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Larch Way, WA