Five Corners 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.
IndexFive CornersWashingtonNational
Cost of living index113115100
IndexFive CornersWashingtonNational
Goods & Services index120106100
Groceries index117107100
Health care index110119100
Housing index115135100
Transportation index108117100
Utilities index7896100
A general overview of the cost of living index for Five Corners, WA is displayed above. In Five Corners, WA, the overall cost of living index is 113, which is 3% lower than the Washington average and 13% 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 Five Corners, WA, the city's goods and services are 14% higher than the Washington average and 20% higher than the U.S. average.

Did you know?

  • The cost of living in Five Corners is 3% lower than the Washington average.
  • The cost of living in Five Corners is 13% higher than the national average.
  • The cost of housing in Five Corners is 15% 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 Five Corners, WA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Five Corners, 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 Five Corners, WA, then you would need to earn more income in order to maintain the same standard of living. To use the Five Corners, 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$75,547$6,296$1,763$2,267
Renters$46,838$3,903$1,093$1,405
The affordability of the housing market in Five Corners, WA as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Five Corners, WA homeowners, the median income is $75,547. This indicates that a monthly maximum of $1,763 should be spent by homeowners on all housing related costs. Renters have a median income of $46,838. This indicates that renters should have a maximum of $1,093 used for their rent related monthly costs.

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%9.6%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%
The Washington sales tax and Washington income tax rates should definitely be considered when determining the overall cost of living in Five Corners, WA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Washington sales tax is 6.5% and the maximum surtax is 9.6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Washington income tax rates range from 0% to 0%.

Goods & Services

ItemFive CornersNational avg.Difference
Haircut $25.26$15.5662.3%
Beauty Salon $54.47$36.1150.9%
Toothpaste $3.91$2.4758.1%
Shampoo $1.08$0.9611.6%
Movie $10.56$10.134.3%
Bowling $4.31$4.749.1%

Groceries

ItemFive CornersNational avg.Difference
Ground Beef $5.36$3.9834.4%
Fried Chicken $1.66$1.4118.2%
Milk $2.18$2.065.5%
Potatoes $2.10$2.9829.7%
Pizza $10.33$9.479.0%
Beer $9.67$8.7910.0%

Health Care

ItemFive CornersNational avg.Difference
Optometrist $122.67$101.0421.4%
Doctor $121.58$107.4413.2%
Dentist $102.13$90.4213.0%
Ibuprofen $10.28$9.2810.8%
Lipitor $403.09$426.505.5%

Housing

ItemFive CornersNational avg.Difference
Home Price $198,800.00$175,700.0013.1%
Avg. Mortgage Payment $1,625.94$1,133.2343.5%
Apartment Rent $1,112.00$920.0020.9%

Transportation

ItemFive CornersNational avg.Difference
Gasoline $2.58$1.9929.6%
Tire Balancing $26.80$45.7641.4%

Utilities

ItemFive CornersNational avg.Difference
All Electricity$145.06$163.8111.4%
Phone $18.23$28.3935.8%
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.
Wood Village, OR3,9461011%
St. Helens, OR13,0171066%
Yacolt, WA1,8761077%
Orchards, WA21,25911010%
Vancouver, WA165,55411010%
Five Corners, WA19,78711313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Germantown, WI19,7911088%
Baldwin, PA19,79187-13%
Eastchester, NY19,80015858%
Madisonville, KY19,80782-18%
Rolla, MO19,80888-12%
Five Corners, WA19,78711313%
Source: The Five Corners, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.