Bonney Lake 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.
IndexBonney LakeWashingtonNational
Cost of living index120112100
IndexBonney LakeWashingtonNational
Goods & Services index112104100
Groceries index95102100
Health care index122116100
Housing index146135100
Transportation index107108100
Utilities index10983100
A general overview of the cost of living index for Bonney Lake, WA is displayed above. In Bonney Lake, WA, the overall cost of living index is 120, which is 7% higher than the Washington average and 20% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Bonney Lake, WA, the city's goods and services are 8% higher than the Washington average and 12% higher than the U.S. average.

Did you know?

  • The cost of living in Bonney Lake is 7% higher than the Washington average.
  • The cost of living in Bonney Lake is 20% higher than the national average.
  • The cost of housing in Bonney Lake is 46% higher 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 Bonney Lake, WA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Bonney Lake, WA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Bonney Lake, WA, then you would need to earn more income in order to maintain the same standard of living. To use the Bonney Lake, WA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$86,901$7,242$2,028$2,607
Renters$56,439$4,703$1,317$1,693
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bonney Lake, 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 Bonney Lake, WA homeowners, is $86,901. This would allow for a maximum of $2,028 per month to be spent on housing costs. For renters, the median monthly income is $56,439 which would result in a maximum of $1,317 to be spent on rental costs.

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%9.6%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%
For those who live in Bonney Lake, WA and want to know what the true cost of living is, they ought to look at both the Washington income tax rate and the Washington sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Washington, the sales tax is 6.5%, while the most you'll pay in surtax is 9.6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Washington, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemBonney LakeNational avg.Difference
Haircut $11.40$14.5921.9%
Beauty Salon $29.60$34.6814.6%
Toothpaste $2.73$2.4710.4%
Shampoo $1.01$1.021.2%
Movie $12.20$9.8723.6%
Bowling $4.52$4.392.9%

Groceries

ItemBonney LakeNational avg.Difference
Ground Beef $4.10$4.488.4%
Fried Chicken $1.26$1.4613.9%
Milk $2.33$2.361.1%
Potatoes $1.78$3.0641.9%
Pizza $12.00$9.2429.8%
Beer $8.31$8.633.7%

Health Care

ItemBonney LakeNational avg.Difference
Optometrist $151.00$99.7851.3%
Doctor $127.67$105.0321.6%
Dentist $109.00$88.7022.9%
Ibuprofen $12.01$9.4127.6%
Lipitor $329.60$298.5010.4%

Housing

ItemBonney LakeNational avg.Difference
Home Price $251,700.00$175,700.0043.3%
Avg. Mortgage Payment $946.00$1,081.0312.5%
Apartment Rent $1,406.00$920.0052.8%

Transportation

ItemBonney LakeNational avg.Difference
Gasoline $2.24$2.097.1%
Tire Balancing $48.00$45.296.0%

Utilities

ItemBonney LakeNational avg.Difference
All Electricity$135.34$170.8020.8%
Phone $42.37$28.2649.9%
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, StatePopulationCost of Living IndexNational Avg.
North Puyallup, WA1,74697-3%
Midland, WA8,5261044%
Carbonado, WA5301044%
Parkland, WA36,2631055%
Algona, WA3,0901099%
Bonney Lake, WA18,04012020%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lackawanna, NY18,03781-19%
Hyattsville, MD18,04911414%
Cinco Ranch, TX18,02811212%
Florida Ridge, FL18,05695-5%
Lenoir, NC18,06188-12%
Bonney Lake, WA18,04012020%
Source: The Bonney Lake, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.