Renton, WA Cost Of Living

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Renton 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.
Index	Renton	Washington	National
Cost of living index	139	115	100
Index	Renton	Washington	National
Goods & Services index	135	106	100
Groceries index	127	107	100
Health care index	124	118	100
Housing index	158	135	100
Transportation index	133	116	100
Utilities index	123	94	100

A general summary of the cost of living index in Renton, WA is shown above. Compared to the state average of Washington the cost of living index in Renton, WA is 139, which is 21% higher than the average in Washington and compared to the national average it is 39% 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 Renton, WA goods and services come in at 27% higher than the average in Washington and are 35% higher than compared to the nationwide average.

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Did you know?

The cost of living in Renton is 21% higher than the Washington average.
The cost of living in Renton is 39% higher than the national average.
The cost of housing in Renton is 58% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in Renton, 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 Renton, WA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Renton, 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

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$86,460	$7,205	$2,017	$2,594
Renters	$48,031	$4,003	$1,121	$1,441

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Renton, WA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Renton, WA has a median income of about $86,460 for people who own homes. Based on that number, a person should spend a maximum of $2,017 on expenses related to housing. Renters have a slightly different median income, which is $48,031. Based on this average, renters should spend no more than $1,121 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Washington Sales Tax

State	General Sales Tax	With Max Surtax
Washington	6.5%	10.4%

Washington Income Tax

State	Income Tax (Low)	Income Tax (High)
Washington	0%	0%

One thing to keep in mind when considering the cost of living in Renton, 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

Item	Renton	National avg.	Difference
Haircut	$32.71	$16.09	103.4%
Beauty Salon	$43.43	$37.33	16.3%
Toothpaste	$3.23	$2.45	31.8%
Shampoo	$1.31	$1.00	30.9%
Movie	$12.53	$10.28	21.9%
Bowling	$5.74	$4.93	16.4%

Groceries

Item	Renton	National avg.	Difference
Ground Beef	$5.06	$3.80	32.9%
Fried Chicken	$1.88	$1.40	34.4%
Milk	$2.03	$2.01	1.1%
Potatoes	$1.93	$3.01	35.9%
Pizza	$11.36	$9.89	14.9%
Beer	$10.81	$8.90	21.5%

Health Care

Item	Renton	National avg.	Difference
Optometrist	$145.72	$102.16	42.6%
Doctor	$124.00	$108.36	14.4%
Dentist	$132.64	$92.53	43.3%
Ibuprofen	$10.41	$9.28	12.2%
Lipitor	$438.72	$425.82	3.0%

Housing

Item	Renton	National avg.	Difference
Home Price	$313,500.00	$184,700.00	69.7%
Avg. Mortgage Payment	$2,183.55	$1,202.44	81.6%
Apartment Rent	$1,248.00	$949.00	31.5%

Transportation

Item	Renton	National avg.	Difference
Gasoline	$2.88	$2.24	28.3%
Tire Balancing	$66.34	$46.29	43.3%

Utilities

Item	Renton	National avg.	Difference
All Electricity	$190.91	$165.96	15.0%
Phone	$38.34	$28.68	33.7%

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, State	Population	Cost of Living Index	National Avg.
Algona, WA	3,140	111	11%
Pacific, WA	7,042	113	13%
Fairwood CDP (Spokane County), WA	8,055	126	26%
Boulevard Park, WA	3,689	127	27%
SeaTac, WA	28,298	129	29%
Renton, WA	98,499	139	39%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Vista, CA	98,560	134	34%
Albany, NY	98,425	101	1%
San Angelo, TX	98,694	90	-10%
Davie, FL	98,717	110	10%
Flint, MI	98,918	79	-21%
Renton, WA	98,499	139	39%

Source: The Renton, WA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Renton, WA Cost of Living