Cost of living in Hoquiam 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 Hoquiam 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 Hoquiam is 99, with 100 being the average.
The cost of living index in Hoquiam is 1.0x lower than the national average.
Hoquiam ranks as the #16 cheapest in Washington out of 192.
Hoquiam ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Hoquiam is $135,900.
The median income in Hoquiam is $44,840.
According to the most recent data on the cost of living, Hoquiam has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Washington, Hoquiam has a cost of living index that's 0.9x lower than Washington's index of 115.
The standard of living in Hoquiam ranks as #16 most affordable out of the 192 places we measured in Washington. By definition, that implies Hoquiam ranks as the #176 most expensive place in the Evergreen State.
For more reading on life in Hoquiam, check out:
Six factors go into calculating the cost of living index in Hoquiam. Here is how it fairs on each of the criteria:
The Services index in Hoquiam is 109.
The Groceries index in Hoquiam is 119.
The Health index in Hoquiam is 122.
The Housing index in Hoquiam is 59.
The Transportation index in Hoquiam is 135.
The Utilities index in Hoquiam is 93.
|Living Expense||Hoquiam||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 Hoquiam is $135,900.
The Median Rent in Hoquiam is $807.
The Median Income in Hoquiam is $44,840.
The Home Value To Income in Hoquiam is 3.0x.
The Rent To Monthly Income in Hoquiam is 0.22x.
|Median Home Value||$135,900||$397,600||$244,900|
|Home Value To Income||3.0x||4.8x||3.5x|
|Rent To Monthly Income||0.22x||0.21x||0.2x|
The cost of living varies in the cities and towns around Hoquiam. Here's a quick look at the cost of living in the most populous nearby places:
Olympia, WA has a cost of living index of 115, 1.2x Hoquiam.
Tumwater, WA has a cost of living index of 114, 1.2x Hoquiam.
Centralia, WA has a cost of living index of 104, 1.1x Hoquiam.