Lake Forest Park, WA Cost Of Living
Cost Of Living In Lake Forest Park, WA Summary
Cost of living in Lake Forest Park 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 Lake Forest Park 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 Lake Forest Park is 177, with 100 being the average.
The cost of living index in Lake Forest Park is 1.8x higher than the national average.
Lake Forest Park ranks as the #179 cheapest in Washington out of 192.
Lake Forest Park ranks as the #6,155 cheapest out of 6,489 in the US.
The median home value in Lake Forest Park is $1,009,933.
The median income in Lake Forest Park is $158,868.
Table Of Contents
Lake Forest Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Forest Park, WA?
According to the most recent data on the cost of living, Lake Forest Park has an overall cost of living index of 177, which is 1.8x higher than the national index of 100.
Compared to Washington, Lake Forest Park has a cost of living index that's 1.5x higher than Washington's index of 118.
The standard of living in Lake Forest Park ranks as #179 most affordable out of the 192 places we measured in Washington. By definition, that implies Lake Forest Park ranks as the #13 most expensive place in the Evergreen State.
For more reading on life in Lake Forest Park, check out:
In Washington
In America
Lake Forest Park Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Lake Forest Park. Here is how it fairs on each of the criteria:
The Services index in Lake Forest Park is 118.
The Groceries index in Lake Forest Park is 118.
The Health index in Lake Forest Park is 139.
The Housing index in Lake Forest Park is 309.
The Transportation index in Lake Forest Park is 129.
The Utilities index in Lake Forest Park is 103.
| Living Expense | Lake Forest Park | Washington | National Average | |
|---|---|---|---|---|
| Overall | 177 | 118 | 100 | |
| Services | 118 | 111 | 100 | |
| Groceries | 118 | 112 | 100 | |
| Health | 139 | 122 | 100 | |
| Housing | 309 | 135 | 100 | |
| Transportation | 129 | 124 | 100 | |
| Utilities | 103 | 91 | 100 | |
Lake Forest Park, WA Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Lake Forest Park is $1,009,933.
The Median Rent in Lake Forest Park is $2,205.
The Median Income in Lake Forest Park is $158,868.
The Home Value To Income in Lake Forest Park is 6.4x.
The Rent To Monthly Income in Lake Forest Park is 0.17x.
| Statistic | Lake Forest Park | Washington | United States |
|---|---|---|---|
| Median Home Value | $1,009,933 | $595,737 | $303,400 |
| Median Rent | $2,205 | $1,682 | $1,348 |
| Median Income | $158,868 | $94,952 | $78,538 |
| Home Value To Income | 6.4x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Forest Park, WA Costs By Category
Detailed Lake Forest Park Services Costs Vs. Washington
| Item | Lake Forest Park | Washington |
|---|---|---|
| Shampoo | $1.4 | $1.28 |
| Movie | $16.37 | $12.13 |
| Bowling | $21.59 | $18 |
| Haircut | $50.2 | $24.26 |
| Beauty Salon | $72.25 | $45.56 |
Detailed Lake Forest Park Groceries Costs Vs. Washington
| Item | Lake Forest Park | Washington |
|---|---|---|
| Ground Beef | $5.54 | $5.84 |
| Fried Chicken | $2.55 | $1.57 |
| Milk | $5.1 | $4.67 |
| Potatoes | $4.49 | $4.93 |
| Pizza | $14.4 | $12.09 |
| Beer | $12.14 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Lake Forest Park Health Costs Vs. Washington
| Item | Lake Forest Park | Washington |
|---|---|---|
| Optometrist | $198.49 | $125.68 |
| Doctor | $236.25 | $135.78 |
| Dentist | $149.39 | $113.29 |
Detailed Lake Forest Park Transportation Costs Vs. Washington
| Item | Lake Forest Park | Washington |
|---|---|---|
| Gasoline | $4.66 | $3.46 |
| Tire Balancing | $67.2 | $59.92 |
Detailed Lake Forest Park Utilities Costs Vs. Washington
| Item | Lake Forest Park | Washington |
|---|---|---|
| All Electricity | $193.41 | $193.99 |
| Phone | $202.97 | $192.25 |
Lake Forest Park SnackAbility
/10
Cost Of Living In Cities Around Lake Forest Park
The cost of living varies in the cities and towns around Lake Forest Park. 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 136, 0.8x Lake Forest Park.
Shoreline, WA has a cost of living index of 166, 0.9x Lake Forest Park.
Bothell, WA has a cost of living index of 163, 0.9x Lake Forest Park.
| City | Population | Cost Of Living | Vs. Lake Forest Park |
|---|---|---|---|
| Everett, WA | 111,083 | 136 | 0.8x |
| Shoreline, WA | 59,280 | 166 | 0.9x |
| Bothell, WA | 48,610 | 163 | 0.9x |
| Lynnwood, WA | 40,953 | 143 | 0.8x |
| Lake Stevens, WA | 39,500 | 140 | 0.8x |
| Bainbridge Island, WA | 24,607 | 185 | 1.0x |
| Kenmore, WA | 23,594 | 168 | 0.9x |
| Tukwila, WA | 21,479 | 129 | 0.7x |
| Mountlake Terrace, WA | 21,419 | 149 | 0.8x |
| Silverdale, WA | 21,046 | 137 | 0.8x |
