Mountlake Terrace, WA Cost Of Living

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

Cost Of Living In Mountlake Terrace, WA Summary

Cost of living in Mountlake Terrace 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 Mountlake Terrace 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 Mountlake Terrace is 134, with 100 being the average.

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

  • Mountlake Terrace ranks as the #139 cheapest in Washington out of 192.

  • Mountlake Terrace ranks as the #5,400 cheapest out of 6,412 in the US.

  • The median home value in Mountlake Terrace is $451,900.

  • The median income in Mountlake Terrace is $87,785.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
134
Mountlake Terrace's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Mountlake Terrace, WA?

According to the most recent data on the cost of living, Mountlake Terrace has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.

Compared to Washington, Mountlake Terrace has a cost of living index that's 1.2x higher than Washington's index of 115.

The standard of living in Mountlake Terrace ranks as #139 most affordable out of the 192 places we measured in Washington. By definition, that implies Mountlake Terrace ranks as the #53 most expensive place in the Evergreen State.

For more reading on life in Mountlake Terrace, check out:

139 out of 192
In Washington
5,400 out of 6,412
In America

Mountlake Terrace Cost Of Living Vs. Washington

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

  • The Services index in Mountlake Terrace is 127.

  • The Groceries index in Mountlake Terrace is 126.

  • The Health index in Mountlake Terrace is 128.

  • The Housing index in Mountlake Terrace is 143.

  • The Transportation index in Mountlake Terrace is 139.

  • The Utilities index in Mountlake Terrace is 111.

Living Expense Mountlake Terrace Washington National Average
Overall 134 115 100
Services 127 112 100
Groceries 126 109 100
Health 128 119 100
Housing 143 129 100
Transportation 139 116 100
Utilities 111 90 100
For more reading on cost of living around Washington, check out:
Mountlake Terrace Cost of Living Vs. WA

Mountlake Terrace, 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 Mountlake Terrace is $451,900.

  • The Median Rent in Mountlake Terrace is $1,762.

  • The Median Income in Mountlake Terrace is $87,785.

  • The Home Value To Income in Mountlake Terrace is 5.1x.

  • The Rent To Monthly Income in Mountlake Terrace is 0.24x.

Statistic Mountlake Terrace Washington United States
Median Home Value $451,900 $397,600 $244,900
Median Rent $1,762 $1,439 $1,163
Median Income $87,785 $82,400 $69,021
Home Value To Income 5.1x 4.8x 3.5x
Rent To Monthly Income 0.24x 0.21x 0.2x
Search Homes For Sale In Mountlake Terrace, WA
$451,900
Median Home Value
$1,762
Median Rent
$87,785
Median Income

Mountlake Terrace, WA Costs By Category

Detailed Mountlake Terrace Services Costs Vs. Washington

Item Mountlake Terrace 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 Mountlake Terrace Groceries Costs Vs. Washington

Item Mountlake Terrace 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 Mountlake Terrace Health Costs Vs. Washington

Item Mountlake Terrace Washington
Optometrist $158.73 $108.57
Doctor $136.39 $116.17
Dentist $143.77 $99.13

Detailed Mountlake Terrace Transportation Costs Vs. Washington

Item Mountlake Terrace Washington
Gasoline $3.19 $2.22
Tire Balancing $66.49 $50.07

Detailed Mountlake Terrace Utilities Costs Vs. Washington

Item Mountlake Terrace Washington
All Electricity $186.95 $167.67
Phone $194.23 $175.64

Mountlake Terrace SnackAbility

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

Cost Of Living In Cities Around Mountlake Terrace

The cost of living varies in the cities and towns around Mountlake Terrace. Here's a quick look at the cost of living in the most populous nearby places:

  • Everett, WA has a cost of living index of 125, 0.9x Mountlake Terrace.

  • Shoreline, WA has a cost of living index of 139, 1.0x Mountlake Terrace.

  • Edmonds, WA has a cost of living index of 148, 1.1x Mountlake Terrace.

City Population Cost Of Living Vs. Mountlake Terrace
Everett, WA 110,438 125 0.9x
Shoreline, WA 58,213 139 1.0x
Edmonds, WA 42,622 148 1.1x
Lynnwood, WA 38,812 135 1.0x
Lake Stevens, WA 35,135 131 1.0x
Bainbridge Island, WA 24,557 165 1.2x
Kenmore, WA 23,556 148 1.1x
Silverdale, WA 21,301 129 1.0x
Bothell West, WA 20,180 140 1.0x
Monroe, WA 19,879 131 1.0x

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