Alderwood Manor 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.
IndexAlderwood ManorWashingtonNational
Cost of living index140115100
IndexAlderwood ManorWashingtonNational
Goods & Services index135106100
Groceries index127107100
Health care index124118100
Housing index160135100
Transportation index133116100
Utilities index12394100
An overview of the general cost of living index for Alderwood Manor, WA is displayed above for your reference. Residents in Alderwood Manor, WA enjoy a cost of living index of 140. This index is 21% higher than the Washington average, and 40% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Alderwood Manor, WA, the average cost of goods and services is 27% higher than it is in Washington, and it is 35% higher than the national average.

Did you know?

  • The cost of living in Alderwood Manor is 21% higher than the Washington average.
  • The cost of living in Alderwood Manor is 40% higher than the national average.
  • The cost of housing in Alderwood Manor is 60% 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 Alderwood Manor, WA Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Alderwood Manor, 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 Alderwood Manor, WA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Alderwood Manor, 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$86,971$7,248$2,029$2,609
Renters$47,241$3,937$1,102$1,417
The affordability of the housing market in Alderwood Manor, 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 Alderwood Manor, WA homeowners, the median income is $86,971. This indicates that a monthly maximum of $2,029 should be spent by homeowners on all housing related costs. Renters have a median income of $47,241. This indicates that renters should have a maximum of $1,102 used for their rent related monthly costs.

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%10.4%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%
One thing to keep in mind when considering the cost of living in Alderwood Manor, WA is the Washington sales tax and Washington income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Washington sales tax rate is 6.5% and the maximum surtax that can be charged is 10.4%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Washington income tax rates range from 0% to 0%.

Goods & Services

ItemAlderwood ManorNational avg.Difference
Haircut $32.71$16.09103.4%
Beauty Salon $43.43$37.3316.3%
Toothpaste $3.23$2.4531.8%
Shampoo $1.31$1.0030.9%
Movie $12.53$10.2821.9%
Bowling $5.74$4.9316.4%

Groceries

ItemAlderwood ManorNational avg.Difference
Ground Beef $5.06$3.8032.9%
Fried Chicken $1.88$1.4034.4%
Milk $2.03$2.011.1%
Potatoes $1.93$3.0135.9%
Pizza $11.36$9.8914.9%
Beer $10.81$8.9021.5%

Health Care

ItemAlderwood ManorNational avg.Difference
Optometrist $145.72$102.1642.6%
Doctor $124.00$108.3614.4%
Dentist $132.64$92.5343.3%
Ibuprofen $10.41$9.2812.2%
Lipitor $438.72$425.823.0%

Housing

ItemAlderwood ManorNational avg.Difference
Home Price $316,200.00$184,700.0071.2%
Avg. Mortgage Payment $2,183.55$1,202.4481.6%
Apartment Rent $1,268.00$949.0033.6%

Transportation

ItemAlderwood ManorNational avg.Difference
Gasoline $2.88$2.2428.3%
Tire Balancing $66.34$46.2943.3%

Utilities

ItemAlderwood ManorNational avg.Difference
All Electricity$190.91$165.9615.0%
Phone $38.34$28.6833.7%
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.
Hat Island, WA4413131%
Suquamish, WA4,25912525%
Port Gamble Tribal Community, WA84612626%
Everett, WA106,58012929%
Kingston, WA1,85913030%
Alderwood Manor, WA9,03714040%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Budd Lake, NJ9,03712020%
Northwest Harborcreek, PA9,03694-6%
Plainedge, NY9,04014444%
Andalusia, AL9,04282-18%
Charlotte, MI9,04380-20%
Alderwood Manor, WA9,03714040%
Source: The Alderwood Manor, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.