Cost Of Living in Terrace Heights, 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	Terrace Heights	Washington	National
Cost of living	108	118	100
Goods & Services	100	111	100
Groceries	105	110	100
Health care	113	120	100
Housing	120	135	100
Transportation	118	123	100
Utilities	92	92	100

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Cost Of Living Quick Facts

The cost of living in Terrace Heights is 8% lower than the Washington average
The cost of living in Terrace Heights is 8% higher than the national average
Terrace Heights housing is 20% 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	$81,568	$6,797	$1,903	$2,447
Renters	$51,817	$4,318	$1,209	$1,555

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Terrace Heights, WA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Terrace Heights, homeowners have a median income of $81,568. Using that number, a maximum of $1,903 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $51,817, which means there is a maximum of $1,209 to be spent on the costs of renting a home or apartment.

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	Terrace Heights	National avg.	Difference
Haircut	$31.67	$24.26	30.5%
Beauty Salon	$35.69	$45.56	21.7%
Toothpaste	$3.97	$3.70	7.3%
Shampoo	$1.17	$1.28	8.4%
Movie	$13.58	$12.13	11.9%
Bowling	$15.45	$18.00	14.2%

Groceries

Item	Terrace Heights	National avg.	Difference
Ground Beef	$6.39	$5.84	9.4%
Fried Chicken	$1.52	$1.57	3.6%
Milk	$5.07	$4.67	8.5%
Potatoes	$4.43	$4.93	10.2%
Pizza	$12.43	$12.09	2.9%
Beer	$11.49	$10.41	10.3%

Health Care

Item	Terrace Heights	National avg.	Difference
Optometrist	$191.81	$125.68	52.6%
Doctor	$151.56	$135.78	11.6%
Dentist	$123.54	$113.29	9.1%
Ibuprofen	$11.47	$10.65	7.6%
Lipitor	$519.99	$468.60	11.0%

Housing

Item	Terrace Heights	National avg.	Difference
Home Price	$240,300.00	$184,700.00	30.1%
Avg. Mortgage Payment	$2,306.50	$2,346.69	1.7%
Apartment Rent	$919.00	$949.00	3.2%

Transportation

Item	Terrace Heights	National avg.	Difference
Gasoline	$4.21	$3.46	21.8%
Tire Balancing	$64.61	$59.92	7.8%

Utilities

Item	Terrace Heights	National avg.	Difference
All Electricity	$169.17	$193.99	12.8%
Phone	$190.47	$192.25	0.9%

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.
Parker, WA	49	103	3.0%
Donald, WA	0	103	3.0%
Buena, WA	845	91	9.0%
Wapato, WA	5,018	92	8.3%
Union Gap, WA	6,167	95	4.8%
Terrace Heights, WA	8,917	108	8.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Alma, MI	8,918	81	18.5%
Aliquippa, PA	8,918	86	13.8%
Rock Falls, IL	8,914	80	20.1%
Mahopac, NY	8,914	136	36.0%
Berkeley, MO	8,912	82	17.7%
Terrace Heights, WA	8,917	108	8.1%

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 Terrace Heights, WA