Parkwood, WA Cost Of Living
Cost Of Living In Parkwood, WA Summary
Cost of living in Parkwood 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 Parkwood 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 Parkwood is 124, with 100 being the average.
The cost of living index in Parkwood is 1.2x higher than the national average.
Parkwood ranks as the #63 cheapest in Washington out of 192.
Parkwood ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Parkwood is $479,180.
The median income in Parkwood is $92,188.
Table Of Contents
Parkwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Parkwood, WA?
According to the most recent data on the cost of living, Parkwood has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Washington, Parkwood has a cost of living index that's 1.1x higher than Washington's index of 118.
The standard of living in Parkwood ranks as #63 most affordable out of the 192 places we measured in Washington. By definition, that implies Parkwood ranks as the #129 most expensive place in the Evergreen State.
For more reading on life in Parkwood, check out:
In Washington
In America
Parkwood Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Parkwood. Here is how it fairs on each of the criteria:
The Services index in Parkwood is 121.
The Groceries index in Parkwood is 109.
The Health index in Parkwood is 128.
The Housing index in Parkwood is 151.
The Transportation index in Parkwood is 130.
The Utilities index in Parkwood is 91.
| Living Expense | Parkwood | Washington | National Average | |
|---|---|---|---|---|
| Overall | 124 | 118 | 100 | |
| Services | 121 | 111 | 100 | |
| Groceries | 109 | 112 | 100 | |
| Health | 128 | 122 | 100 | |
| Housing | 151 | 135 | 100 | |
| Transportation | 130 | 124 | 100 | |
| Utilities | 91 | 91 | 100 | |
Parkwood, 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 Parkwood is $479,180.
The Median Rent in Parkwood is $1,746.
The Median Income in Parkwood is $92,188.
The Home Value To Income in Parkwood is 5.2x.
The Rent To Monthly Income in Parkwood is 0.23x.
| Statistic | Parkwood | Washington | United States |
|---|---|---|---|
| Median Home Value | $479,180 | $595,737 | $303,400 |
| Median Rent | $1,746 | $1,682 | $1,348 |
| Median Income | $92,188 | $94,952 | $78,538 |
| Home Value To Income | 5.2x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Parkwood, WA Costs By Category
Detailed Parkwood Services Costs Vs. Washington
| Item | Parkwood | Washington |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $15.2 | $12.13 |
| Bowling | $23.33 | $18 |
| Haircut | $35.56 | $24.26 |
| Beauty Salon | $57.2 | $45.56 |
Detailed Parkwood Groceries Costs Vs. Washington
| Item | Parkwood | Washington |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $2.2 | $1.57 |
| Milk | $5.02 | $4.67 |
| Potatoes | $4.41 | $4.93 |
| Pizza | $15.44 | $12.09 |
| Beer | $11.94 | $10.41 |
| Toothpaste | $3.97 | $3.7 |
Detailed Parkwood Health Costs Vs. Washington
| Item | Parkwood | Washington |
|---|---|---|
| Optometrist | $238.27 | $125.68 |
| Doctor | $147.56 | $135.78 |
| Dentist | $129.03 | $113.29 |
Detailed Parkwood Transportation Costs Vs. Washington
| Item | Parkwood | Washington |
|---|---|---|
| Gasoline | $4.38 | $3.46 |
| Tire Balancing | $65.96 | $59.92 |
Detailed Parkwood Utilities Costs Vs. Washington
| Item | Parkwood | Washington |
|---|---|---|
| All Electricity | $171.5 | $193.99 |
| Phone | $200.35 | $192.25 |
Parkwood SnackAbility
/10
Cost Of Living In Cities Around Parkwood
The cost of living varies in the cities and towns around Parkwood. Here's a quick look at the cost of living in the most populous nearby places:
Bremerton, WA has a cost of living index of 123, 1.0x Parkwood.
SeaTac, WA has a cost of living index of 132, 1.1x Parkwood.
Bainbridge Island, WA has a cost of living index of 185, 1.5x Parkwood.
| City | Population | Cost Of Living | Vs. Parkwood |
|---|---|---|---|
| Bremerton, WA | 44,531 | 123 | 1.0x |
| SeaTac, WA | 31,143 | 132 | 1.1x |
| Bainbridge Island, WA | 24,607 | 185 | 1.5x |
| Port Orchard, WA | 16,398 | 135 | 1.1x |
| Artondale, WA | 14,051 | 151 | 1.2x |
| Gig Harbor, WA | 12,202 | 154 | 1.2x |
| Poulsbo, WA | 11,962 | 140 | 1.1x |
| Vashon, WA | 10,424 | 156 | 1.3x |
| Wollochet, WA | 6,905 | 163 | 1.3x |
| Manchester, WA | 6,018 | 132 | 1.1x |
