Lake Shore 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.
IndexLake ShoreWashingtonNational
Cost of living index121112100
IndexLake ShoreWashingtonNational
Goods & Services index122104100
Groceries index116102100
Health care index114116100
Housing index137135100
Transportation index111108100
Utilities index8983100
A general summary of the cost of living index in Lake Shore, WA is shown above. Compared to the state average of Washington the cost of living index in Lake Shore, WA is 121, which is 8% higher than the average in Washington and compared to the national average it is 21% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Lake Shore, WA goods and services come in at 18% higher than the average in Washington and are 22% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Lake Shore is 8% higher than the Washington average.
  • The cost of living in Lake Shore is 21% higher than the national average.
  • The cost of housing in Lake Shore is 37% 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 Lake Shore, WA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Lake Shore, WA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Lake Shore, WA, you have to earn a higher income in order to still have the same standard of living. To operate the Lake Shore, WA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,750$6,146$1,721$2,213
Renters$56,538$4,712$1,319$1,696
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Lake Shore, WA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Lake Shore, WA has a median income of about $73,750 for people who own homes. Based on that number, a person should spend a maximum of $1,721 on expenses related to housing. Renters have a slightly different median income, which is $56,538. Based on this average, renters should spend no more than $1,319 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%9.6%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%
When assessing the complete cost of living in Lake Shore, WA, the Washington income tax and the Washington sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Washington maximum surtax is 9.6%, and the Washington sales tax is 6.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Washington.

Goods & Services

ItemLake ShoreNational avg.Difference
Haircut $25.20$14.5972.7%
Beauty Salon $46.60$34.6834.4%
Toothpaste $3.42$2.4738.3%
Shampoo $1.72$1.0268.3%
Movie $10.15$9.872.9%
Bowling $3.45$4.3921.4%

Groceries

ItemLake ShoreNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $2.69$1.4683.7%
Milk $1.97$2.3616.4%
Potatoes $2.73$3.0610.8%
Pizza $11.00$9.2419.0%
Beer $8.85$8.632.5%

Health Care

ItemLake ShoreNational avg.Difference
Optometrist $124.50$99.7824.8%
Doctor $131.85$105.0325.5%
Dentist $101.00$88.7013.9%
Ibuprofen $14.45$9.4153.5%
Lipitor $251.31$298.5015.8%

Housing

ItemLake ShoreNational avg.Difference
Home Price $232,100.00$175,700.0032.1%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $1,366.00$920.0048.5%

Transportation

ItemLake ShoreNational avg.Difference
Gasoline $2.30$2.099.9%
Tire Balancing $52.33$45.2915.6%

Utilities

ItemLake ShoreNational avg.Difference
All Electricity$151.02$170.8011.6%
Phone $25.01$28.2611.5%
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, OR3,9461033%
St. Helens, OR13,0171088%
Yacolt, WA1,8761099%
Orchards, WA21,25911212%
Vancouver, WA165,55411313%
Lake Shore, WA6,56012121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tuckahoe village, NY6,55916464%
Viola, NY6,55815353%
Celina, TX6,5581066%
Dunlap, IN6,55788-12%
Tecumseh, OK6,55678-22%
Lake Shore, WA6,56012121%
Source: The Lake Shore, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.