Lakeland South, WA Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lakeland South, WA Summary

Cost of living in Lakeland South 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 South 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 South is 132, with 100 being the average.

  • The cost of living index in Lakeland South is 1.3x higher than the national average.

  • Lakeland South ranks as the #131 cheapest in Washington out of 192.

  • Lakeland South ranks as the #5,326 cheapest out of 6,412 in the US.

  • The median home value in Lakeland South is $388,200.

  • The median income in Lakeland South is $83,269.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
132
Lakeland South's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Lakeland South, WA?

According to the most recent data on the cost of living, Lakeland South has an overall cost of living index of 132, which is 1.3x higher than the national index of 100.

Compared to Washington, Lakeland South has a cost of living index that's 1.1x higher than Washington's index of 115.

The standard of living in Lakeland South ranks as #131 most affordable out of the 192 places we measured in Washington. By definition, that implies Lakeland South ranks as the #61 most expensive place in the Evergreen State.

For more reading on life in Lakeland South, check out:

131 out of 192
In Washington
5,326 out of 6,412
In America

Lakeland South Cost Of Living Vs. Washington

Six factors go into calculating the cost of living index in Lakeland South. Here is how it fairs on each of the criteria:

  • The Services index in Lakeland South is 129.

  • The Groceries index in Lakeland South is 130.

  • The Health index in Lakeland South is 126.

  • The Housing index in Lakeland South is 144.

  • The Transportation index in Lakeland South is 142.

  • The Utilities index in Lakeland South is 108.

Living Expense Lakeland South Washington National Average
Overall 132 115 100
Services 129 112 100
Groceries 130 109 100
Health 126 119 100
Housing 144 129 100
Transportation 142 116 100
Utilities 108 90 100
For more reading on cost of living around Washington, check out:
Lakeland South Cost of Living Vs. WA

Lakeland South, 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 2017-2021. The key points are:

  • The Median Home Value in Lakeland South is $388,200.

  • The Median Rent in Lakeland South is $1,593.

  • The Median Income in Lakeland South is $83,269.

  • The Home Value To Income in Lakeland South is 4.7x.

  • The Rent To Monthly Income in Lakeland South is 0.23x.

Statistic Lakeland South Washington United States
Median Home Value $388,200 $397,600 $244,900
Median Rent $1,593 $1,439 $1,163
Median Income $83,269 $82,400 $69,021
Home Value To Income 4.7x 4.8x 3.5x
Rent To Monthly Income 0.23x 0.21x 0.2x
Search Homes For Sale In Lakeland South, WA
$388,200
Median Home Value
$1,593
Median Rent
$83,269
Median Income

Lakeland South, WA Costs By Category

Detailed Lakeland South Services Costs Vs. Washington

Item Lakeland South Washington
Shampoo $1.13 $1.06
Movie $14.7 $10.68
Bowling $21.8 $14.67
Haircut $39.33 $18.62
Beauty Salon $50.33 $39.05

Detailed Lakeland South Groceries Costs Vs. Washington

Item Lakeland South Washington
Ground Beef $5.74 $4.22
Fried Chicken $2.15 $1.39
Milk $2.5 $2.05
Potatoes $3.5 $3.29
Pizza $13.12 $10.62
Beer $10.49 $9.38
Toothpaste $3.44 $2.34

Detailed Lakeland South Health Costs Vs. Washington

Item Lakeland South Washington
Optometrist $158.73 $108.57
Doctor $136.39 $116.17
Dentist $143.77 $99.13

Detailed Lakeland South Transportation Costs Vs. Washington

Item Lakeland South Washington
Gasoline $3.19 $2.22
Tire Balancing $66.49 $50.07

Detailed Lakeland South Utilities Costs Vs. Washington

Item Lakeland South Washington
All Electricity $186.95 $167.67
Phone $194.23 $175.64

Lakeland South SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
4
Diversity
9
Safety
N/A
Amenities
8.5
Education
7
Commute
4

Cost Of Living In Cities Around Lakeland South

The cost of living varies in the cities and towns around Lakeland South. 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 111, 0.8x Lakeland South.

  • Federal Way, WA has a cost of living index of 131, 1.0x Lakeland South.

  • Auburn, WA has a cost of living index of 125, 0.9x Lakeland South.

City Population Cost Of Living Vs. Lakeland South
Tacoma, WA 217,332 111 0.8x
Federal Way, WA 99,792 131 1.0x
Auburn, WA 85,306 125 0.9x
Lakewood, WA 62,972 115 0.9x
Puyallup, WA 42,366 120 0.9x
Parkland, WA 38,092 109 0.8x
Lakeland North, WA 14,161 132 1.0x
Edgewood, WA 12,132 137 1.0x
Gig Harbor, WA 11,505 141 1.1x
Fife, WA 10,869 126 1.0x

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