Liberty Lake, WA Cost Of Living
Cost Of Living In Liberty Lake, WA Summary
Cost of living in Liberty Lake 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 Liberty Lake 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 Liberty Lake is 124, with 100 being the average.
The cost of living index in Liberty Lake is 1.2x higher than the national average.
Liberty Lake ranks as the #63 cheapest in Washington out of 192.
Liberty Lake ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Liberty Lake is $566,747.
The median income in Liberty Lake is $105,599.
Table Of Contents
Liberty Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Liberty Lake, WA?
According to the most recent data on the cost of living, Liberty Lake has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Washington, Liberty Lake has a cost of living index that's 1.1x higher than Washington's index of 118.
The standard of living in Liberty Lake ranks as #63 most affordable out of the 192 places we measured in Washington. By definition, that implies Liberty Lake ranks as the #129 most expensive place in the Evergreen State.
For more reading on life in Liberty Lake, check out:
In Washington
In America
Liberty Lake Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Liberty Lake. Here is how it fairs on each of the criteria:
The Services index in Liberty Lake is 101.
The Groceries index in Liberty Lake is 110.
The Health index in Liberty Lake is 112.
The Housing index in Liberty Lake is 169.
The Transportation index in Liberty Lake is 118.
The Utilities index in Liberty Lake is 96.
| Living Expense | Liberty Lake | Washington | National Average | |
|---|---|---|---|---|
| Overall | 124 | 118 | 100 | |
| Services | 101 | 111 | 100 | |
| Groceries | 110 | 112 | 100 | |
| Health | 112 | 122 | 100 | |
| Housing | 169 | 135 | 100 | |
| Transportation | 118 | 124 | 100 | |
| Utilities | 96 | 91 | 100 | |
Liberty Lake, 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 Liberty Lake is $566,747.
The Median Rent in Liberty Lake is $1,782.
The Median Income in Liberty Lake is $105,599.
The Home Value To Income in Liberty Lake is 5.4x.
The Rent To Monthly Income in Liberty Lake is 0.2x.
| Statistic | Liberty Lake | Washington | United States |
|---|---|---|---|
| Median Home Value | $566,747 | $595,737 | $303,400 |
| Median Rent | $1,782 | $1,682 | $1,348 |
| Median Income | $105,599 | $94,952 | $78,538 |
| Home Value To Income | 5.4x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Liberty Lake, WA Costs By Category
Detailed Liberty Lake Services Costs Vs. Washington
| Item | Liberty Lake | Washington |
|---|---|---|
| Shampoo | $1.29 | $1.28 |
| Movie | $14.89 | $12.13 |
| Bowling | $23.19 | $18 |
| Haircut | $27.83 | $24.26 |
| Beauty Salon | $51.82 | $45.56 |
Detailed Liberty Lake Groceries Costs Vs. Washington
| Item | Liberty Lake | Washington |
|---|---|---|
| Ground Beef | $6.17 | $5.84 |
| Fried Chicken | $2.22 | $1.57 |
| Milk | $4.92 | $4.67 |
| Potatoes | $4.89 | $4.93 |
| Pizza | $11.23 | $12.09 |
| Beer | $11.57 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Liberty Lake Health Costs Vs. Washington
| Item | Liberty Lake | Washington |
|---|---|---|
| Optometrist | $165.73 | $125.68 |
| Doctor | $168.55 | $135.78 |
| Dentist | $118.01 | $113.29 |
Detailed Liberty Lake Transportation Costs Vs. Washington
| Item | Liberty Lake | Washington |
|---|---|---|
| Gasoline | $4.3 | $3.46 |
| Tire Balancing | $60.58 | $59.92 |
Detailed Liberty Lake Utilities Costs Vs. Washington
| Item | Liberty Lake | Washington |
|---|---|---|
| All Electricity | $178.2 | $193.99 |
| Phone | $201.25 | $192.25 |
Liberty Lake SnackAbility
/10
Cost Of Living In Cities Around Liberty Lake
The cost of living varies in the cities and towns around Liberty Lake. Here's a quick look at the cost of living in the most populous nearby places:
Spokane, WA has a cost of living index of 106, 0.9x Liberty Lake.
Spokane Valley, WA has a cost of living index of 107, 0.9x Liberty Lake.
Coeur d'Alene, ID has a cost of living index of 116, 0.9x Liberty Lake.
| City | Population | Cost Of Living | Vs. Liberty Lake |
|---|---|---|---|
| Spokane, WA | 229,228 | 106 | 0.9x |
| Spokane Valley, WA | 105,460 | 107 | 0.9x |
| Coeur d'Alene, ID | 55,558 | 116 | 0.9x |
| Post Falls, ID | 41,716 | 111 | 0.9x |
| Hayden, ID | 16,021 | 117 | 0.9x |
| Rathdrum, ID | 10,133 | 111 | 0.9x |
| Mead, WA | 7,184 | 113 | 0.9x |
| Country Homes, WA | 5,979 | 110 | 0.9x |
| Otis Orchards-East Farms, WA | 5,486 | 116 | 0.9x |
| Town and Country, WA | 5,398 | 107 | 0.9x |
