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 121, with 100 being the average.
The cost of living index in Parkwood is 1.2x higher than the national average.
Parkwood ranks as the #89 cheapest in Washington out of 192.
Parkwood ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in Parkwood is $327,800.
The median income in Parkwood is $76,375.
According to the most recent data on the cost of living, Parkwood has an overall cost of living index of 121, 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 115.
The standard of living in Parkwood ranks as #89 most affordable out of the 192 places we measured in Washington. By definition, that implies Parkwood ranks as the #103 most expensive place in the Evergreen State.
For more reading on life in Parkwood, check out:
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 130.
The Groceries index in Parkwood is 127.
The Health index in Parkwood is 127.
The Housing index in Parkwood is 111.
The Transportation index in Parkwood is 142.
The Utilities index in Parkwood is 110.
|Living Expense||Parkwood||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 Parkwood is $327,800.
The Median Rent in Parkwood is $1,402.
The Median Income in Parkwood is $76,375.
The Home Value To Income in Parkwood is 4.3x.
The Rent To Monthly Income in Parkwood is 0.22x.
|Median Home Value||$327,800||$397,600||$244,900|
|Home Value To Income||4.3x||4.8x||3.5x|
|Rent To Monthly Income||0.22x||0.21x||0.2x|
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 120, 1.0x Parkwood.
SeaTac, WA has a cost of living index of 126, 1.0x Parkwood.
Bainbridge Island, WA has a cost of living index of 165, 1.4x Parkwood.
|City||Population||Cost Of Living||Vs. Parkwood|
|Bainbridge Island, WA||24,557||165||1.4x|
|Port Orchard, WA||15,315||130||1.1x|
|Gig Harbor, WA||11,505||141||1.2x|
|Bangor Base, WA||6,407||133||1.1x|