Parkland, WA Cost Of Living
Cost Of Living In Parkland, WA Summary
Cost of living in Parkland 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 Parkland 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 Parkland is 122, with 100 being the average.
The cost of living index in Parkland is 1.2x higher than the national average.
Parkland ranks as the #53 cheapest in Washington out of 192.
Parkland ranks as the #4,541 cheapest out of 6,489 in the US.
The median home value in Parkland is $461,776.
The median income in Parkland is $71,829.
Table Of Contents
Parkland's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Parkland, WA?
According to the most recent data on the cost of living, Parkland has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Washington, Parkland has a cost of living index that's 1.0x higher than Washington's index of 118.
The standard of living in Parkland ranks as #53 most affordable out of the 192 places we measured in Washington. By definition, that implies Parkland ranks as the #139 most expensive place in the Evergreen State.
For more reading on life in Parkland, check out:
In Washington
In America
Parkland Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Parkland. Here is how it fairs on each of the criteria:
The Services index in Parkland is 119.
The Groceries index in Parkland is 114.
The Health index in Parkland is 126.
The Housing index in Parkland is 135.
The Transportation index in Parkland is 125.
The Utilities index in Parkland is 93.
| Living Expense | Parkland | Washington | National Average | |
|---|---|---|---|---|
| Overall | 122 | 118 | 100 | |
| Services | 119 | 111 | 100 | |
| Groceries | 114 | 112 | 100 | |
| Health | 126 | 122 | 100 | |
| Housing | 135 | 135 | 100 | |
| Transportation | 125 | 124 | 100 | |
| Utilities | 93 | 91 | 100 | |
Parkland, 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 Parkland is $461,776.
The Median Rent in Parkland is $1,593.
The Median Income in Parkland is $71,829.
The Home Value To Income in Parkland is 6.4x.
The Rent To Monthly Income in Parkland is 0.27x.
| Statistic | Parkland | Washington | United States |
|---|---|---|---|
| Median Home Value | $461,776 | $595,737 | $303,400 |
| Median Rent | $1,593 | $1,682 | $1,348 |
| Median Income | $71,829 | $94,952 | $78,538 |
| Home Value To Income | 6.4x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Parkland, WA Costs By Category
Detailed Parkland Services Costs Vs. Washington
| Item | Parkland | Washington |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $11.92 | $12.13 |
| Bowling | $21.09 | $18 |
| Haircut | $23.76 | $24.26 |
| Beauty Salon | $54.27 | $45.56 |
Detailed Parkland Groceries Costs Vs. Washington
| Item | Parkland | Washington |
|---|---|---|
| Ground Beef | $5.71 | $5.84 |
| Fried Chicken | $2.55 | $1.57 |
| Milk | $5.14 | $4.67 |
| Potatoes | $3.87 | $4.93 |
| Pizza | $15.13 | $12.09 |
| Beer | $11.74 | $10.41 |
| Toothpaste | $4.15 | $3.7 |
Detailed Parkland Health Costs Vs. Washington
| Item | Parkland | Washington |
|---|---|---|
| Optometrist | $191.81 | $125.68 |
| Doctor | $192.99 | $135.78 |
| Dentist | $127.12 | $113.29 |
Detailed Parkland Transportation Costs Vs. Washington
| Item | Parkland | Washington |
|---|---|---|
| Gasoline | $4.2 | $3.46 |
| Tire Balancing | $78.74 | $59.92 |
Detailed Parkland Utilities Costs Vs. Washington
| Item | Parkland | Washington |
|---|---|---|
| All Electricity | $169.3 | $193.99 |
| Phone | $204.78 | $192.25 |
Parkland SnackAbility
/10
Cost Of Living In Cities Around Parkland
The cost of living varies in the cities and towns around Parkland. 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, 1.1x Parkland.
Lakewood, WA has a cost of living index of 127, 1.0x Parkland.
Puyallup, WA has a cost of living index of 135, 1.1x Parkland.
| City | Population | Cost Of Living | Vs. Parkland |
|---|---|---|---|
| Tacoma, WA | 220,482 | 130 | 1.1x |
| Lakewood, WA | 63,034 | 127 | 1.0x |
| Puyallup, WA | 42,642 | 135 | 1.1x |
| Spanaway, WA | 34,322 | 125 | 1.0x |
| Frederickson, WA | 24,219 | 131 | 1.1x |
| Fort Lewis, WA | 13,983 | 137 | 1.1x |
| Gig Harbor, WA | 12,202 | 154 | 1.3x |
| Fife, WA | 10,902 | 133 | 1.1x |
| Sumner, WA | 10,674 | 134 | 1.1x |
| Yelm, WA | 10,618 | 123 | 1.0x |
