| Index | Parkland | Washington | National |
| Cost of living | 117 | 119 | 100 |
| Groceries | 107 | 107 | 100 |
| Health care | 111 | 109 | 100 |
| Housing | 134 | 138 | 100 |
| Transportation | 112 | 112 | 100 |
| Utilities | 110 | 110 | 100 |
| Lifestyle & Entertainment | 114 | 112 | 100 |
| Household Items | 106 | 107 | 100 |
| Education & Childcare | 116 | 117 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Parkland? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Parkland stands at 117, making it 17% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs make up a big chunk of the cost of living in Parkland, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 34.1% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Parkland affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Parkland, for instance, where the median home price falls 38.3% higher than the national average, and monthly rent rates are 24.1% higher than usual. Additionally, median income levels contribute to the equation, with Parkland flaunting a median household income of $83,113, 2.2% higher than the national norm.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Parkland, the transportation index is 11.7% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Parkland, the groceries index is 6.5% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Parkland starts at 6.5% and the income tax rates start at 0%.
The cost of living data for Parkland shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $105,592 | $8,799 | $2,464 | $3,168 |
| Renters | $62,645 | $5,220 | $1,462 | $1,880 |
| State | General Sales Tax | With Max Surtax |
| Washington | 6.5% | 10.4% |
| State | Income Tax (Low) | Income Tax (High) |
| Washington | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Ketron Island, WA | 0 | 110 | 10.2% |
| North Yelm, WA | 3,847 | 106 | 6.3% |
| North Puyallup, WA | 2,029 | 111 | 11.1% |
| Nisqually Indian Community, WA | 603 | 112 | 12.1% |
| Midland, WA | 9,862 | 116 | 15.7% |
| Parkland, WA | 39,227 | 117 | 17.4% |
| City | Population | Cost of Living Index | National Avg. |
| Port Moody, BC | 39,217 | n/a | |
| Fort Lee, NJ | 39,239 | 135 | 35.2% |
| Grants Pass, OR | 39,267 | 112 | 12.0% |
| Kailua, HI | 39,271 | 226 | 126.3% |
| Stanton, CA | 39,110 | 146 | 46.2% |
| Parkland, WA | 39,227 | 117 | 17.4% |
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