Parkland, WA Cost Of Living

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

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 109, with 100 being the average.

  • The cost of living index in Parkland is 1.1x higher than the national average.

  • Parkland ranks as the #46 cheapest in Washington out of 192.

  • Parkland ranks as the #4,038 cheapest out of 6,412 in the US.

  • The median home value in Parkland is $282,600.

  • The median income in Parkland is $62,223.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
109
Parkland's Overall Cost Of Living
1.1x
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 109, which is 1.1x higher than the national index of 100.

Compared to Washington, Parkland has a cost of living index that's 0.9x lower than Washington's index of 115.

The standard of living in Parkland ranks as #46 most affordable out of the 192 places we measured in Washington. By definition, that implies Parkland ranks as the #146 most expensive place in the Evergreen State.

For more reading on life in Parkland, check out:

46 out of 192
In Washington
4,038 out of 6,412
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 112.

  • The Groceries index in Parkland is 119.

  • The Health index in Parkland is 125.

  • The Housing index in Parkland is 93.

  • The Transportation index in Parkland is 134.

  • The Utilities index in Parkland is 94.

Living Expense Parkland Washington National Average
Overall 109 115 100
Services 112 112 100
Groceries 119 109 100
Health 125 119 100
Housing 93 129 100
Transportation 134 116 100
Utilities 94 90 100
For more reading on cost of living around Washington, check out:
Parkland Cost of Living Vs. WA

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 2017-2021. The key points are:

  • The Median Home Value in Parkland is $282,600.

  • The Median Rent in Parkland is $1,303.

  • The Median Income in Parkland is $62,223.

  • The Home Value To Income in Parkland is 4.5x.

  • The Rent To Monthly Income in Parkland is 0.25x.

Statistic Parkland Washington United States
Median Home Value $282,600 $397,600 $244,900
Median Rent $1,303 $1,439 $1,163
Median Income $62,223 $82,400 $69,021
Home Value To Income 4.5x 4.8x 3.5x
Rent To Monthly Income 0.25x 0.21x 0.2x
Search Homes For Sale In Parkland, WA
$282,600
Median Home Value
$1,303
Median Rent
$62,223
Median Income

Parkland, WA Costs By Category

Detailed Parkland Services Costs Vs. Washington

Item Parkland Washington
Shampoo $1.28 $1.06
Movie $10.77 $10.68
Bowling $14.67 $14.67
Haircut $23.8 $18.62
Beauty Salon $36.61 $39.05

Detailed Parkland Groceries Costs Vs. Washington

Item Parkland Washington
Ground Beef $5.43 $4.22
Fried Chicken $1.59 $1.39
Milk $2.35 $2.05
Potatoes $3.17 $3.29
Pizza $12.99 $10.62
Beer $10.22 $9.38
Toothpaste $2.79 $2.34

Detailed Parkland Health Costs Vs. Washington

Item Parkland Washington
Optometrist $196.22 $108.57
Doctor $133.79 $116.17
Dentist $131.09 $99.13

Detailed Parkland Transportation Costs Vs. Washington

Item Parkland Washington
Gasoline $2.92 $2.22
Tire Balancing $68.92 $50.07

Detailed Parkland Utilities Costs Vs. Washington

Item Parkland Washington
All Electricity $135.4 $167.67
Phone $198.87 $175.64

Parkland SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8.5
Affordability
4
Diversity
10
Safety
N/A
Amenities
9.5
Education
6
Commute
4

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 111, 1.0x Parkland.

  • Lakewood, WA has a cost of living index of 115, 1.1x Parkland.

  • Puyallup, WA has a cost of living index of 120, 1.1x Parkland.

City Population Cost Of Living Vs. Parkland
Tacoma, WA 217,332 111 1.0x
Lakewood, WA 62,972 115 1.1x
Puyallup, WA 42,366 120 1.1x
Spanaway, WA 34,670 114 1.0x
Frederickson, WA 21,651 118 1.1x
Fort Lewis, WA 12,773 127 1.2x
Gig Harbor, WA 11,505 141 1.3x
Fife, WA 10,869 126 1.2x
Sumner, WA 10,545 127 1.2x
Yelm, WA 10,205 113 1.0x

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