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.
Here we can see a simple outline of the cost of living in Milton, WA. As you can see, with the average cost of living in Milton, WA being 116, that puts it 1% higher than the average of Washington and 16% 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 Milton, WA, the price of goods and services are 9% higher than the average of Washington as well as 16% higher than the nation's average.
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Did you know?
The cost of living in Milton is 1% higher than the Washington average.
The cost of living in Milton is 16% higher than the national average.
The cost of housing in Milton is 25% 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.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is meant to help you compare your salary in Milton, WA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Milton, WA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Milton, WA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Milton, WA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Milton, WA homeowners, is $76,630. This would allow for a maximum of $1,788 per month to be spent on housing costs. For renters, the median monthly income is $55,750 which would result in a maximum of $1,301 to be spent on rental costs.
Washington Sales Tax
General Sales Tax
With Max Surtax
Washington Income Tax
Income Tax (Low)
Income Tax (High)
The Washington sales tax and Washington income tax rates should definitely be considered when determining the overall cost of living in Milton, 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
Avg. Mortgage Payment
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.