Lake Tapps, WA Cost Of Living
Cost Of Living In Lake Tapps, WA Summary
Cost of living in Lake Tapps 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 Tapps 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 Tapps is 145, with 100 being the average.
The cost of living index in Lake Tapps is 1.4x higher than the national average.
Lake Tapps ranks as the #143 cheapest in Washington out of 192.
Lake Tapps ranks as the #5,566 cheapest out of 6,489 in the US.
The median home value in Lake Tapps is $794,584.
The median income in Lake Tapps is $145,250.
Table Of Contents
Lake Tapps's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Tapps, WA?
According to the most recent data on the cost of living, Lake Tapps has an overall cost of living index of 145, which is 1.4x higher than the national index of 100.
Compared to Washington, Lake Tapps has a cost of living index that's 1.2x higher than Washington's index of 118.
The standard of living in Lake Tapps ranks as #143 most affordable out of the 192 places we measured in Washington. By definition, that implies Lake Tapps ranks as the #49 most expensive place in the Evergreen State.
For more reading on life in Lake Tapps, check out:
In Washington
In America
Lake Tapps Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Lake Tapps. Here is how it fairs on each of the criteria:
The Services index in Lake Tapps is 113.
The Groceries index in Lake Tapps is 115.
The Health index in Lake Tapps is 113.
The Housing index in Lake Tapps is 226.
The Transportation index in Lake Tapps is 126.
The Utilities index in Lake Tapps is 95.
| Living Expense | Lake Tapps | Washington | National Average | |
|---|---|---|---|---|
| Overall | 145 | 118 | 100 | |
| Services | 113 | 111 | 100 | |
| Groceries | 115 | 112 | 100 | |
| Health | 113 | 122 | 100 | |
| Housing | 226 | 135 | 100 | |
| Transportation | 126 | 124 | 100 | |
| Utilities | 95 | 91 | 100 | |
Lake Tapps, 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 Tapps is $794,584.
The Median Rent in Lake Tapps is $2,004.
The Median Income in Lake Tapps is $145,250.
The Home Value To Income in Lake Tapps is 5.5x.
The Rent To Monthly Income in Lake Tapps is 0.17x.
| Statistic | Lake Tapps | Washington | United States |
|---|---|---|---|
| Median Home Value | $794,584 | $595,737 | $303,400 |
| Median Rent | $2,004 | $1,682 | $1,348 |
| Median Income | $145,250 | $94,952 | $78,538 |
| Home Value To Income | 5.5x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Tapps, WA Costs By Category
Detailed Lake Tapps Services Costs Vs. Washington
| Item | Lake Tapps | Washington |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $11.87 | $12.13 |
| Bowling | $17.56 | $18 |
| Haircut | $32.12 | $24.26 |
| Beauty Salon | $43.48 | $45.56 |
Detailed Lake Tapps Groceries Costs Vs. Washington
| Item | Lake Tapps | Washington |
|---|---|---|
| Ground Beef | $5.66 | $5.84 |
| Fried Chicken | $2.78 | $1.57 |
| Milk | $4.85 | $4.67 |
| Potatoes | $4.43 | $4.93 |
| Pizza | $14.86 | $12.09 |
| Beer | $11.77 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Lake Tapps Health Costs Vs. Washington
| Item | Lake Tapps | Washington |
|---|---|---|
| Optometrist | $242.14 | $125.68 |
| Doctor | $139.77 | $135.78 |
| Dentist | $164.3 | $113.29 |
Detailed Lake Tapps Transportation Costs Vs. Washington
| Item | Lake Tapps | Washington |
|---|---|---|
| Gasoline | $4.39 | $3.46 |
| Tire Balancing | $77.69 | $59.92 |
Detailed Lake Tapps Utilities Costs Vs. Washington
| Item | Lake Tapps | Washington |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $207.11 | $192.25 |
Lake Tapps SnackAbility
/10
Cost Of Living In Cities Around Lake Tapps
The cost of living varies in the cities and towns around Lake Tapps. Here's a quick look at the cost of living in the most populous nearby places:
Tacoma, WA has a cost of living index of 130, 0.9x Lake Tapps.
Auburn, WA has a cost of living index of 134, 0.9x Lake Tapps.
Lakewood, WA has a cost of living index of 127, 0.9x Lake Tapps.
| City | Population | Cost Of Living | Vs. Lake Tapps |
|---|---|---|---|
| Tacoma, WA | 220,482 | 130 | 0.9x |
| Auburn, WA | 85,455 | 134 | 0.9x |
| Lakewood, WA | 63,034 | 127 | 0.9x |
| Puyallup, WA | 42,642 | 135 | 0.9x |
| Parkland, WA | 39,174 | 122 | 0.8x |
| Frederickson, WA | 24,219 | 131 | 0.9x |
| Bonney Lake, WA | 22,776 | 136 | 0.9x |
| Edgewood, WA | 12,683 | 144 | 1.0x |
| Prairie Ridge, WA | 12,054 | 132 | 0.9x |
| Fife, WA | 10,902 | 133 | 0.9x |
