Cost Of Living In Larch Way, WA

Larch Way 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.
Index	Larch Way	Washington	National
Cost of living index	133	115	100
Index	Larch Way	Washington	National
Goods & Services index	106	106	100
Groceries index	113	107	100
Health care index	125	119	100
Housing index	193	135	100
Transportation index	115	117	100
Utilities index	89	96	100

Displayed above is a general overview of the Larch Way, WA cost of living index. The overall cost of living index in Larch Way, WA is 133, which is 15% higher than the Washington average and 33% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Larch Way, WA are equal to the Washington average and 6% higher than the national average.

Did you know?

The cost of living in Larch Way is 15% higher than the Washington average.
The cost of living in Larch Way is 33% higher than the national average.
The cost of housing in Larch Way is 93% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Larch Way, 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 Larch Way, WA, you have to earn a higher income in order to still have the same standard of living. To operate the Larch Way, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$88,750	$7,396	$2,071	$2,663
Renters	$86,159	$7,180	$2,010	$2,585

The affordability of the housing market in Larch Way, 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 Larch Way, WA homeowners, the median income is $88,750. This indicates that a monthly maximum of $2,071 should be spent by homeowners on all housing related costs. Renters have a median income of $86,159. This indicates that renters should have a maximum of $2,010 used for their rent related monthly costs.

Washington Sales Tax

State	General Sales Tax	With Max Surtax
Washington	6.5%	9.6%

Washington Income Tax

State	Income Tax (Low)	Income Tax (High)
Washington	0%	0%

For those who live in Larch Way, 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

Item	Larch Way	National avg.	Difference
Haircut	$16.75	$15.56	7.6%
Beauty Salon	$39.71	$36.11	10.0%
Toothpaste	$2.60	$2.47	5.3%
Shampoo	$1.09	$0.96	12.6%
Movie	$11.93	$10.13	17.8%
Bowling	$4.30	$4.74	9.2%

Groceries

Item	Larch Way	National avg.	Difference
Ground Beef	$3.76	$3.98	5.6%
Fried Chicken	$2.43	$1.41	72.8%
Milk	$1.95	$2.06	5.5%
Potatoes	$3.53	$2.98	18.3%
Pizza	$10.21	$9.47	7.8%
Beer	$9.14	$8.79	4.0%

Health Care

Item	Larch Way	National avg.	Difference
Optometrist	$139.95	$101.04	38.5%
Doctor	$148.81	$107.44	38.5%
Dentist	$115.96	$90.42	28.3%
Ibuprofen	$10.70	$9.28	15.3%
Lipitor	$427.75	$426.50	0.3%

Housing

Item	Larch Way	National avg.	Difference
Home Price	$344,300.00	$175,700.00	96.0%
Avg. Mortgage Payment	$1,505.16	$1,133.23	32.8%
Apartment Rent	$1,700.00	$920.00	84.8%

Transportation

Item	Larch Way	National avg.	Difference
Gasoline	$2.33	$1.99	16.9%
Tire Balancing	$50.47	$45.76	10.3%

Utilities

Item	Larch Way	National avg.	Difference
All Electricity	$139.21	$163.81	15.0%
Phone	$26.68	$28.39	6.0%

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, State	Population	Cost of Living Index	National Avg.
Hat Island, WA	18	107	7%
Port Gamble Tribal Community, WA	899	119	19%
Everett, WA	104,708	112	12%
Marysville, WA	62,472	114	14%
Monroe, WA	17,564	115	15%
Larch Way, WA	3,760	133	33%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lonsdale, MN	3,760	102	2%
Valley Green, PA	3,761	97	-3%
Bethel Manor, VA	3,761	120	20%
Cedarville, OH	3,758	95	-5%
Aurora, IN	3,762	89	-11%
Larch Way, WA	3,760	133	33%

Source: The Larch Way, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Larch Way, WA Cost of Living