Renton, WA Cost Of Living
Cost Of Living In Renton, WA Summary
Cost of living in Renton 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 Renton 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 Renton is 147, with 100 being the average.
The cost of living index in Renton is 1.5x higher than the national average.
Renton ranks as the #148 cheapest in Washington out of 192.
Renton ranks as the #5,616 cheapest out of 6,489 in the US.
The median home value in Renton is $746,524.
The median income in Renton is $96,626.
Table Of Contents
Renton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Renton, WA?
According to the most recent data on the cost of living, Renton has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.
Compared to Washington, Renton has a cost of living index that's 1.2x higher than Washington's index of 118.
The standard of living in Renton ranks as #148 most affordable out of the 192 places we measured in Washington. By definition, that implies Renton ranks as the #44 most expensive place in the Evergreen State.
For more reading on life in Renton, check out:
In Washington
In America
Renton Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Renton. Here is how it fairs on each of the criteria:
The Services index in Renton is 115.
The Groceries index in Renton is 114.
The Health index in Renton is 114.
The Housing index in Renton is 220.
The Transportation index in Renton is 126.
The Utilities index in Renton is 99.
| Living Expense | Renton | Washington | National Average | |
|---|---|---|---|---|
| Overall | 147 | 118 | 100 | |
| Services | 115 | 111 | 100 | |
| Groceries | 114 | 112 | 100 | |
| Health | 114 | 122 | 100 | |
| Housing | 220 | 135 | 100 | |
| Transportation | 126 | 124 | 100 | |
| Utilities | 99 | 91 | 100 | |
Renton, 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 Renton is $746,524.
The Median Rent in Renton is $1,923.
The Median Income in Renton is $96,626.
The Home Value To Income in Renton is 7.7x.
The Rent To Monthly Income in Renton is 0.24x.
| Statistic | Renton | Washington | United States |
|---|---|---|---|
| Median Home Value | $746,524 | $595,737 | $303,400 |
| Median Rent | $1,923 | $1,682 | $1,348 |
| Median Income | $96,626 | $94,952 | $78,538 |
| Home Value To Income | 7.7x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Renton, WA Costs By Category
Detailed Renton Services Costs Vs. Washington
| Item | Renton | Washington |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $11.87 | $12.13 |
| Bowling | $17.56 | $18 |
| Haircut | $32.12 | $24.26 |
| Beauty Salon | $43.48 | $45.56 |
Detailed Renton Groceries Costs Vs. Washington
| Item | Renton | Washington |
|---|---|---|
| Ground Beef | $5.66 | $5.84 |
| Fried Chicken | $2.78 | $1.57 |
| Milk | $4.85 | $4.67 |
| Potatoes | $4.43 | $4.93 |
| Pizza | $14.86 | $12.09 |
| Beer | $11.77 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Renton Health Costs Vs. Washington
| Item | Renton | Washington |
|---|---|---|
| Optometrist | $242.14 | $125.68 |
| Doctor | $139.77 | $135.78 |
| Dentist | $164.3 | $113.29 |
Detailed Renton Transportation Costs Vs. Washington
| Item | Renton | Washington |
|---|---|---|
| Gasoline | $4.39 | $3.46 |
| Tire Balancing | $77.69 | $59.92 |
Detailed Renton Utilities Costs Vs. Washington
| Item | Renton | Washington |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $207.11 | $192.25 |
Renton SnackAbility
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Cost Of Living In Cities Around Renton
The cost of living varies in the cities and towns around Renton. 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, 0.9x Renton.
Kent, WA has a cost of living index of 137, 0.9x Renton.
SeaTac, WA has a cost of living index of 132, 0.9x Renton.
| City | Population | Cost Of Living | Vs. Renton |
|---|---|---|---|
| Tacoma, WA | 220,482 | 130 | 0.9x |
| Kent, WA | 135,015 | 137 | 0.9x |
| SeaTac, WA | 31,143 | 132 | 0.9x |
| Mercer Island, WA | 25,282 | 263 | 1.8x |
| Bainbridge Island, WA | 24,607 | 185 | 1.3x |
| Bonney Lake, WA | 22,776 | 136 | 0.9x |
| Tukwila, WA | 21,479 | 129 | 0.9x |
| Bryn Mawr-Skyway, WA | 17,577 | 145 | 1.0x |
| Newcastle, WA | 12,945 | 186 | 1.3x |
| Lake Tapps, WA | 12,360 | 145 | 1.0x |
