Cottage Lake 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.
IndexCottage LakeWashingtonNational
Cost of living index178116100
IndexCottage LakeWashingtonNational
Goods & Services index136108100
Groceries index129108100
Health care index128119100
Housing index292135100
Transportation index135116100
Utilities index10789100
A general summary of the cost of living index in Cottage Lake, WA is shown above. Compared to the state average of Washington the cost of living index in Cottage Lake, WA is 178, which is 54% higher than the average in Washington and compared to the national average it is 78% 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 Cottage Lake, WA goods and services come in at 26% higher than the average in Washington and are 36% higher than compared to the nationwide average.
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Did you know?

  • The cost of living in Cottage Lake is 54% higher than the Washington average.
  • The cost of living in Cottage Lake is 78% higher than the national average.
  • The cost of housing in Cottage Lake is 192% 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.

Compare Cottage Lake, WA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Cottage Lake, WA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Cottage Lake, WA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Cottage Lake, WA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$144,045$12,004$3,361$4,322
Renters$73,472$6,123$1,714$2,204
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Cottage Lake, 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 Cottage Lake, WA homeowners have a median income of $144,045. Using that number, you will come up with a maximum of $3,361 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $73,472, which means there is a maximum of $1,714 to be spent on the costs of renting a home or apartment.

Washington Sales Tax

StateGeneral Sales TaxWith Max Surtax
Washington6.5%10.4%

Washington Income Tax

StateIncome Tax (Low)Income Tax (High)
Washington0%0%
The Washington sales tax and Washington income tax rates should definitely be considered when determining the overall cost of living in Cottage Lake, WA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Washington sales tax is 6.5% and the maximum surtax is 10.4%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Washington income tax rates range from 0% to 0%.

Goods & Services

ItemCottage LakeNational avg.Difference
Haircut $34.38$17.4996.6%
Beauty Salon $47.00$38.1723.1%
Toothpaste $3.37$2.3245.2%
Shampoo $1.18$1.0116.6%
Movie $14.42$10.7234.5%
Bowling $20.67$13.8649.1%

Groceries

ItemCottage LakeNational avg.Difference
Ground Beef $5.99$3.9053.6%
Fried Chicken $2.12$1.4051.9%
Milk $1.99$1.961.4%
Potatoes $2.99$3.186.1%
Pizza $12.10$10.3916.4%
Beer $11.49$9.2324.5%

Health Care

ItemCottage LakeNational avg.Difference
Optometrist $159.86$106.3450.3%
Doctor $136.67$115.2518.6%
Dentist $147.50$98.3849.9%
Ibuprofen $10.19$9.2610.0%
Lipitor $478.09$466.472.5%

Housing

ItemCottage LakeNational avg.Difference
Home Price $624,900.00$184,700.00238.3%
Avg. Mortgage Payment $2,965.45$1,273.32132.9%
Apartment Rent $1,730.00$949.0082.3%

Transportation

ItemCottage LakeNational avg.Difference
Gasoline $3.57$2.5937.7%
Tire Balancing $65.70$48.9034.4%

Utilities

ItemCottage LakeNational avg.Difference
All Electricity$181.53$167.608.3%
Phone $191.40$163.4217.1%
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.
Sultan, WA4,88712626%
Everett, WA106,58012828%
North Sultan, WA24413030%
Monroe, WA17,90613131%
Snohomish, WA9,55113333%
Cottage Lake, WA23,84517878%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Derby, KS23,84796-4%
Keystone, FL23,85012525%
Loma Linda, CA23,85912121%
Medford, NY23,82913535%
Fountain Hills, AZ23,86312020%
Cottage Lake, WA23,84517878%
Source: The Cottage Lake, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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