Gig Harbor 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.
IndexGig HarborWashingtonNational
Cost of living index128115100
IndexGig HarborWashingtonNational
Goods & Services index111106100
Groceries index101107100
Health care index116119100
Housing index174135100
Transportation index103117100
Utilities index11096100
A general overview of the cost of living index for Gig Harbor, WA is displayed above. In Gig Harbor, WA, the overall cost of living index is 128, which is 11% higher than the Washington average and 28% 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 Gig Harbor, WA, the city's goods and services are 5% higher than the Washington average and 11% higher than the U.S. average.

Did you know?

  • The cost of living in Gig Harbor is 11% higher than the Washington average.
  • The cost of living in Gig Harbor is 28% higher than the national average.
  • The cost of housing in Gig Harbor is 74% 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 Gig Harbor, WA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Gig Harbor, 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 Gig Harbor, WA, then you would need to earn more income in order to maintain the same standard of living. To use the Gig Harbor, 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$85,000$7,083$1,983$2,550
Renters$47,229$3,936$1,102$1,417
One can approximate the cost of living and the housing affordability in Gig Harbor, WA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Gig Harbor, WA have a median income of $85,000. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,983 per month to avoid calamity and poverty. The renters in the city have an income of about $47,229, which would make their monthly maximum allowable rental costs $1,102.

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%9.6%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%
When you are determining the total cost of living in Gig Harbor, WA you will want to make sure you consider both the Washington sales tax and the Washington income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Washington is 6.5%, with the highest surtax being 9.6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Washington have a range from 0% to 0%.

Goods & Services

ItemGig HarborNational avg.Difference
Haircut $13.93$15.5610.5%
Beauty Salon $25.62$36.1129.0%
Toothpaste $2.96$2.4719.7%
Shampoo $1.11$0.9615.0%
Movie $12.14$10.1319.9%
Bowling $4.51$4.744.7%

Groceries

ItemGig HarborNational avg.Difference
Ground Beef $3.97$3.980.4%
Fried Chicken $1.36$1.413.6%
Milk $1.94$2.066.0%
Potatoes $2.61$2.9812.4%
Pizza $12.00$9.4726.6%
Beer $9.17$8.794.3%

Health Care

ItemGig HarborNational avg.Difference
Optometrist $146.40$101.0444.9%
Doctor $146.33$107.4436.2%
Dentist $97.50$90.427.8%
Ibuprofen $10.21$9.2810.1%
Lipitor $422.57$426.500.9%

Housing

ItemGig HarborNational avg.Difference
Home Price $339,200.00$175,700.0093.1%
Avg. Mortgage Payment $980.58$1,133.2313.5%
Apartment Rent $1,194.00$920.0029.8%

Transportation

ItemGig HarborNational avg.Difference
Gasoline $2.36$1.9918.5%
Tire Balancing $30.97$45.7632.3%

Utilities

ItemGig HarborNational avg.Difference
All Electricity$132.40$163.8119.2%
Phone $42.68$28.3950.3%
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.
Ketron Island, WA01088%
Navy Yard City, WA2,59011616%
Belfair, WA3,5081044%
Midland, WA8,5261044%
Parkland, WA36,2631055%
Gig Harbor, WA7,62012828%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Heath, TX7,62013838%
Corning, CA7,6171022%
Blanchard, OK7,62592-8%
Belgrade, MT7,625100-0%
Glenside, PA7,61411919%
Gig Harbor, WA7,62012828%
Source: The Gig Harbor, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.