Cost of living in Cottage Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cottage Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Washington, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cottage Lake is 175, with 100 being the average.
The cost of living index in Cottage Lake is 1.8x higher than the national average.
Cottage Lake ranks as the #189 cheapest in Washington out of 192.
Cottage Lake ranks as the #6,177 cheapest out of 6,412 in the US.
The median home value in Cottage Lake is $899,000.
The median income in Cottage Lake is $172,444.
According to the most recent data on the cost of living, Cottage Lake has an overall cost of living index of 175, which is 1.8x higher than the national index of 100.
Compared to Washington, Cottage Lake has a cost of living index that's 1.5x higher than Washington's index of 115.
The standard of living in Cottage Lake ranks as #189 most affordable out of the 192 places we measured in Washington. By definition, that implies Cottage Lake ranks as the #3 most expensive place in the Evergreen State.
For more reading on life in Cottage Lake, check out:
Six factors go into calculating the cost of living index in Cottage Lake. Here is how it fairs on each of the criteria:
The Services index in Cottage Lake is 127.
The Groceries index in Cottage Lake is 127.
The Health index in Cottage Lake is 128.
The Housing index in Cottage Lake is 294.
The Transportation index in Cottage Lake is 140.
The Utilities index in Cottage Lake is 110.
|Living Expense||Cottage Lake||Washington||National Average|
Housing swings affordability the most between places in Washington, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cottage Lake is $899,000.
The Median Rent in Cottage Lake is $2,186.
The Median Income in Cottage Lake is $172,444.
The Home Value To Income in Cottage Lake is 5.2x.
The Rent To Monthly Income in Cottage Lake is 0.15x.
|Statistic||Cottage Lake||Washington||United States|
|Median Home Value||$899,000||$397,600||$244,900|
|Home Value To Income||5.2x||4.8x||3.5x|
|Rent To Monthly Income||0.15x||0.21x||0.2x|
The cost of living varies in the cities and towns around Cottage Lake. Here's a quick look at the cost of living in the most populous nearby places:
Everett, WA has a cost of living index of 125, 0.7x Cottage Lake.
Kirkland, WA has a cost of living index of 158, 0.9x Cottage Lake.
Redmond, WA has a cost of living index of 166, 0.9x Cottage Lake.
|City||Population||Cost Of Living||Vs. Cottage Lake|
|Lake Stevens, WA||35,135||131||0.7x|
|North Lynnwood, WA||24,562||133||0.8x|
|Union Hill-Novelty Hill, WA||23,060||178||1.0x|