Tacoma, Washington Cost Of Living

C-

15%

Overall NAT. AVG.

18%

Goods & Services NAT. AVG.

11%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Tacoma	Washington	National
Cost of living	115	117	100
Goods & Services	118	111	100
Groceries	122	108	100
Health care	128	120	100
Housing	111	135	100
Transportation	117	113	100
Utilities	99	90	100

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Cost Of Living Quick Facts

The cost of living in Tacoma is 1% lower than the Washington average
The cost of living in Tacoma is 15% higher than the national average
Tacoma housing is 11% higher than the national average
Washington general sales tax is 27% 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$85,999	$7,167	$2,007	$2,580
Renters	$44,746	$3,729	$1,044	$1,343

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Tacoma, WA, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Tacoma, homeowners have a median income of $85,999. Using that number, a maximum of $2,007 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $44,746, which means there is a maximum of $1,044 to be spent on the costs of renting a home or apartment.

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%

Goods & Services

Item	Tacoma	National avg.	Difference
Haircut	$25.81	$22.08	16.9%
Beauty Salon	$43.02	$42.88	0.3%
Toothpaste	$4.01	$2.57	56.4%
Shampoo	$1.13	$1.15	2.0%
Movie	$12.72	$11.51	10.5%
Bowling	$16.41	$16.62	1.2%

Groceries

Item	Tacoma	National avg.	Difference
Ground Beef	$5.15	$4.98	3.5%
Fried Chicken	$2.10	$1.58	32.8%
Milk	$3.48	$2.42	44.0%
Potatoes	$2.82	$3.54	20.4%
Pizza	$14.11	$11.49	22.8%
Beer	$11.57	$10.04	15.2%

Health Care

Item	Tacoma	National avg.	Difference
Optometrist	$154.02	$117.76	30.8%
Doctor	$172.45	$125.34	37.6%
Dentist	$139.15	$107.52	29.4%
Ibuprofen	$13.54	$10.26	32.0%
Lipitor	$486.80	$459.24	6.0%

Housing

Item	Tacoma	National avg.	Difference
Home Price	$311,700.00	$184,700.00	68.8%
Avg. Mortgage Payment	$2,250.95	$1,697.41	32.6%
Apartment Rent	$1,253.00	$949.00	32.0%

Transportation

Item	Tacoma	National avg.	Difference
Gasoline	$4.34	$3.85	12.9%
Tire Balancing	$72.38	$57.01	26.9%

Utilities

Item	Tacoma	National avg.	Difference
All Electricity	$165.17	$177.27	6.8%
Phone	$203.64	$189.62	7.4%

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	Population	Cost of Living Index	National Avg.
Ketron Island, WA	0	117	16.5%
Midland, WA	9,518	109	9.1%
Parkland, WA	37,946	110	10.2%
North Puyallup, WA	1,970	111	11.4%
Longbranch, WA	4,568	109	8.6%
Tacoma, WA	215,766	115	15.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Des Moines, IA	215,408	86	14.2%
Richmond Hill, ON	215,407	n/a
San Bernardino, CA	216,784	110	10.4%
Enterprise, NV	214,591	108	7.9%
Modesto, CA	214,485	111	11.5%
Tacoma, WA	215,766	115	15.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.