Lakeland North, WA Cost Of Living
Cost Of Living In Lakeland North, WA Summary
Cost of living in Lakeland North 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 Lakeland North 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 Lakeland North is 136, with 100 being the average.
The cost of living index in Lakeland North is 1.4x higher than the national average.
Lakeland North ranks as the #113 cheapest in Washington out of 192.
Lakeland North ranks as the #5,256 cheapest out of 6,489 in the US.
The median home value in Lakeland North is $574,878.
The median income in Lakeland North is $111,681.
Table Of Contents
Lakeland North's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lakeland North, WA?
According to the most recent data on the cost of living, Lakeland North has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.
Compared to Washington, Lakeland North has a cost of living index that's 1.2x higher than Washington's index of 118.
The standard of living in Lakeland North ranks as #113 most affordable out of the 192 places we measured in Washington. By definition, that implies Lakeland North ranks as the #79 most expensive place in the Evergreen State.
For more reading on life in Lakeland North, check out:
In Washington
In America
Lakeland North Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Lakeland North. Here is how it fairs on each of the criteria:
The Services index in Lakeland North is 114.
The Groceries index in Lakeland North is 117.
The Health index in Lakeland North is 117.
The Housing index in Lakeland North is 190.
The Transportation index in Lakeland North is 126.
The Utilities index in Lakeland North is 97.
| Living Expense | Lakeland North | Washington | National Average | |
|---|---|---|---|---|
| Overall | 136 | 118 | 100 | |
| Services | 114 | 111 | 100 | |
| Groceries | 117 | 112 | 100 | |
| Health | 117 | 122 | 100 | |
| Housing | 190 | 135 | 100 | |
| Transportation | 126 | 124 | 100 | |
| Utilities | 97 | 91 | 100 | |
Lakeland North, 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 Lakeland North is $574,878.
The Median Rent in Lakeland North is $2,227.
The Median Income in Lakeland North is $111,681.
The Home Value To Income in Lakeland North is 5.1x.
The Rent To Monthly Income in Lakeland North is 0.24x.
| Statistic | Lakeland North | Washington | United States |
|---|---|---|---|
| Median Home Value | $574,878 | $595,737 | $303,400 |
| Median Rent | $2,227 | $1,682 | $1,348 |
| Median Income | $111,681 | $94,952 | $78,538 |
| Home Value To Income | 5.1x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Lakeland North, WA Costs By Category
Detailed Lakeland North Services Costs Vs. Washington
| Item | Lakeland North | 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 Lakeland North Groceries Costs Vs. Washington
| Item | Lakeland North | 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 Lakeland North Health Costs Vs. Washington
| Item | Lakeland North | Washington |
|---|---|---|
| Optometrist | $242.14 | $125.68 |
| Doctor | $139.77 | $135.78 |
| Dentist | $164.3 | $113.29 |
Detailed Lakeland North Transportation Costs Vs. Washington
| Item | Lakeland North | Washington |
|---|---|---|
| Gasoline | $4.39 | $3.46 |
| Tire Balancing | $77.69 | $59.92 |
Detailed Lakeland North Utilities Costs Vs. Washington
| Item | Lakeland North | Washington |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $207.11 | $192.25 |
Lakeland North SnackAbility
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Cost Of Living In Cities Around Lakeland North
The cost of living varies in the cities and towns around Lakeland North. 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, 1.0x Lakeland North.
Kent, WA has a cost of living index of 137, 1.0x Lakeland North.
Federal Way, WA has a cost of living index of 132, 1.0x Lakeland North.
| City | Population | Cost Of Living | Vs. Lakeland North |
|---|---|---|---|
| Tacoma, WA | 220,482 | 130 | 1.0x |
| Kent, WA | 135,015 | 137 | 1.0x |
| Federal Way, WA | 99,232 | 132 | 1.0x |
| Auburn, WA | 85,455 | 134 | 1.0x |
| Lakewood, WA | 63,034 | 127 | 0.9x |
| Puyallup, WA | 42,642 | 135 | 1.0x |
| Parkland, WA | 39,174 | 122 | 0.9x |
| Des Moines, WA | 32,545 | 137 | 1.0x |
| Lakeland South, WA | 12,869 | 137 | 1.0x |
| Gig Harbor, WA | 12,202 | 154 | 1.1x |
