Terrace Heights 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.
IndexTerrace HeightsWashingtonNational
Cost of living index104115100
IndexTerrace HeightsWashingtonNational
Goods & Services index104106100
Groceries index112107100
Health care index114119100
Housing index99135100
Transportation index116117100
Utilities index9096100
Here we can see a simple outline of the cost of living in Terrace Heights, WA. As you can see, with the average cost of living in Terrace Heights, WA being 104, that puts it 10% lower than the average of Washington and 4% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Terrace Heights, WA, the price of goods and services are 2% lower than the average of Washington as well as 4% higher than the nation's average.

Did you know?

  • The cost of living in Terrace Heights is 10% lower than the Washington average.
  • The cost of living in Terrace Heights is 4% higher than the national average.
  • The cost of housing in Terrace Heights is 1% lower 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 Terrace Heights, WA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Terrace Heights, WA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Terrace Heights, WA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Terrace Heights, WA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,818$5,985$1,676$2,155
Renters$31,291$2,608$730$939
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Terrace Heights, WA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Terrace Heights, WA homeowners have a median income of $71,818. Using that number, you will come up with a maximum of $1,676 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,291, which means there is a maximum of $730 to be spent on the costs of renting a home or apartment.

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 Terrace Heights, 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

ItemTerrace HeightsNational avg.Difference
Haircut $13.03$15.5616.3%
Beauty Salon $26.61$36.1126.3%
Toothpaste $3.32$2.4734.4%
Shampoo $1.14$0.9618.1%
Movie $9.75$10.133.7%
Bowling $3.04$4.7435.7%

Groceries

ItemTerrace HeightsNational avg.Difference
Ground Beef $5.06$3.9826.9%
Fried Chicken $1.41$1.410.2%
Milk $2.36$2.0614.2%
Potatoes $2.18$2.9826.8%
Pizza $10.99$9.4716.0%
Beer $9.98$8.7913.5%

Health Care

ItemTerrace HeightsNational avg.Difference
Optometrist $130.58$101.0429.2%
Doctor $117.40$107.449.3%
Dentist $118.54$90.4231.1%
Ibuprofen $9.45$9.281.8%
Lipitor $371.46$426.5012.9%

Housing

ItemTerrace HeightsNational avg.Difference
Home Price $176,400.00$175,700.000.4%
Avg. Mortgage Payment $1,028.53$1,133.239.2%
Apartment Rent $886.00$920.003.7%

Transportation

ItemTerrace HeightsNational avg.Difference
Gasoline $2.27$1.9914.0%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemTerrace HeightsNational avg.Difference
All Electricity$131.32$163.8119.8%
Phone $29.66$28.394.5%
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.
Parker, WA931066%
Donald, WA731066%
Eschbach, WA31390-10%
Union Gap, WA6,06193-7%
Wapato, WA5,04393-7%
Terrace Heights, WA6,7011044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Aspen, CO6,70013838%
Aberdeen, NC6,702100-0%
Crockett, TX6,70284-16%
Scottsburg, IN6,70083-17%
California, PA6,70382-18%
Terrace Heights, WA6,7011044%
Source: The Terrace Heights, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.