Cost of living in Mead 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 Mead 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 Mead is 105, with 100 being the average.
The cost of living index in Mead is 1.1x higher than the national average.
Mead ranks as the #32 cheapest in Washington out of 192.
Mead ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Mead is $276,700.
The median income in Mead is $73,385.
According to the most recent data on the cost of living, Mead has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Washington, Mead has a cost of living index that's 0.9x lower than Washington's index of 115.
The standard of living in Mead ranks as #32 most affordable out of the 192 places we measured in Washington. By definition, that implies Mead ranks as the #160 most expensive place in the Evergreen State.
For more reading on life in Mead, check out:
Six factors go into calculating the cost of living index in Mead. Here is how it fairs on each of the criteria:
The Services index in Mead is 112.
The Groceries index in Mead is 103.
The Health index in Mead is 121.
The Housing index in Mead is 103.
The Transportation index in Mead is 110.
The Utilities index in Mead is 102.
|Living Expense||Mead||Washington||National Average|
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 Mead is $276,700.
The Median Rent in Mead is $1,173.
The Median Income in Mead is $73,385.
The Home Value To Income in Mead is 3.8x.
The Rent To Monthly Income in Mead is 0.19x.
|Median Home Value||$276,700||$397,600||$244,900|
|Home Value To Income||3.8x||4.8x||3.5x|
|Rent To Monthly Income||0.19x||0.21x||0.2x|
The cost of living varies in the cities and towns around Mead. 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 103, 1.0x Mead.
Spokane Valley, WA has a cost of living index of 102, 1.0x Mead.
Post Falls, ID has a cost of living index of 103, 1.0x Mead.
|City||Population||Cost Of Living||Vs. Mead|
|Spokane Valley, WA||102,178||102||1.0x|
|Post Falls, ID||38,162||103||1.0x|
|Liberty Lake, WA||11,647||113||1.1x|
|Airway Heights, WA||10,108||99||0.9x|
|Country Homes, WA||6,148||106||1.0x|
|Otis Orchards-East Farms, WA||6,133||106||1.0x|
|Town and Country, WA||5,479||102||1.0x|