Banks Lake South cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBanks Lake SouthWashingtonNational
Cost of living index91112100
IndexBanks Lake SouthWashingtonNational
Goods & Services index97104100
Groceries index97102100
Health care index118116100
Housing index79135100
Transportation index104108100
Utilities index7283100

Did you know?

  • The cost of living in Banks Lake South is 19% lower than the Washington average.
  • The cost of living in Banks Lake South is 9% lower than the national average.
  • The cost of housing in Banks Lake South is 21% lower than the national average.
  • Washington general sales tax is 28% higher than the national average.
  • Washington state income tax is 100% lower than the national average.

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Compare Banks Lake South, WA Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,250$3,854$1,079$1,388
Renters$0$0$0$0

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%9.6%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%

Goods & Services

ItemBanks Lake SouthNational avg.Difference
Haircut $11.00$14.5924.6%
Beauty Salon $30.00$34.6813.5%
Toothpaste $2.81$2.4713.6%
Shampoo $1.07$1.024.7%
Movie $10.00$9.871.3%
Bowling $2.25$4.3948.8%

Groceries

ItemBanks Lake SouthNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.28$1.4612.6%
Milk $2.22$2.365.8%
Potatoes $2.74$3.0610.5%
Pizza $9.00$9.242.6%
Beer $10.58$8.6322.6%

Health Care

ItemBanks Lake SouthNational avg.Difference
Optometrist $137.44$99.7837.7%
Doctor $131.58$105.0325.3%
Dentist $106.50$88.7020.1%
Ibuprofen $9.06$9.413.7%
Lipitor $323.89$298.508.5%

Housing

ItemBanks Lake SouthNational avg.Difference
Home Price $139,600.00$175,700.0020.5%
Avg. Mortgage Payment $792.62$1,081.0326.7%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemBanks Lake SouthNational avg.Difference
Gasoline $2.23$2.096.5%
Tire Balancing $43.36$45.294.3%

Utilities

ItemBanks Lake SouthNational avg.Difference
All Electricity$116.28$170.8031.9%
Phone $21.72$28.2623.1%
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, StatePopulationCost of Living IndexNational Avg.
Wilson Creek, WA23385-15%
Hartline, WA10687-13%
Coulee City, WA64489-11%
Banks Lake South, WA21891-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rensselaer, MO21892-8%
Valley Springs, AR21883-17%
Greensboro Bend, VT2181044%
El Rancho Vela, TX21869-31%
Crown, PA21877-23%
Banks Lake South, WA21891-9%
Source: The Banks Lake South, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.