University Place, WA Cost Of Living
Cost Of Living In University Place, WA Summary
Cost of living in University Place 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 University Place 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 University Place is 121, with 100 being the average.
The cost of living index in University Place is 1.2x higher than the national average.
University Place ranks as the #89 cheapest in Washington out of 192.
University Place ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in University Place is $430,500.
The median income in University Place is $84,673.
Table Of Contents
University Place's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in University Place, WA?
According to the most recent data on the cost of living, University Place has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Washington, University Place has a cost of living index that's 1.1x higher than Washington's index of 115.
The standard of living in University Place ranks as #89 most affordable out of the 192 places we measured in Washington. By definition, that implies University Place ranks as the #103 most expensive place in the Evergreen State.
For more reading on life in University Place, check out:
- Living In University Place
- University Place Crime Report
- Search Homes For Sale In University Place, WA
In Washington
In America
University Place Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in University Place. Here is how it fairs on each of the criteria:
The Services index in University Place is 112.
The Groceries index in University Place is 119.
The Health index in University Place is 124.
The Housing index in University Place is 141.
The Transportation index in University Place is 136.
The Utilities index in University Place is 94.
| Living Expense | University Place | Washington | National Average | |
|---|---|---|---|---|
| Overall | 121 | 115 | 100 | |
| Services | 112 | 112 | 100 | |
| Groceries | 119 | 109 | 100 | |
| Health | 124 | 119 | 100 | |
| Housing | 141 | 129 | 100 | |
| Transportation | 136 | 116 | 100 | |
| Utilities | 94 | 90 | 100 | |
University Place, 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 University Place is $430,500.
The Median Rent in University Place is $1,395.
The Median Income in University Place is $84,673.
The Home Value To Income in University Place is 5.1x.
The Rent To Monthly Income in University Place is 0.2x.
| Statistic | University Place | Washington | United States |
|---|---|---|---|
| Median Home Value | $430,500 | $397,600 | $244,900 |
| Median Rent | $1,395 | $1,439 | $1,163 |
| Median Income | $84,673 | $82,400 | $69,021 |
| Home Value To Income | 5.1x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
University Place, WA Costs By Category
Detailed University Place Services Costs Vs. Washington
| Item | University Place | 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 University Place Groceries Costs Vs. Washington
| Item | University Place | 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 University Place Health Costs Vs. Washington
| Item | University Place | Washington |
|---|---|---|
| Optometrist | $196.22 | $108.57 |
| Doctor | $133.79 | $116.17 |
| Dentist | $131.09 | $99.13 |
Detailed University Place Transportation Costs Vs. Washington
| Item | University Place | Washington |
|---|---|---|
| Gasoline | $2.92 | $2.22 |
| Tire Balancing | $68.92 | $50.07 |
Detailed University Place Utilities Costs Vs. Washington
| Item | University Place | Washington |
|---|---|---|
| All Electricity | $135.4 | $167.67 |
| Phone | $198.87 | $175.64 |
University Place SnackAbility
/10
Cost Of Living In Cities Around University Place
The cost of living varies in the cities and towns around University Place. 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, 0.9x University Place.
Lakewood, WA has a cost of living index of 115, 1.0x University Place.
Parkland, WA has a cost of living index of 109, 0.9x University Place.
| City | Population | Cost Of Living | Vs. University Place |
|---|---|---|---|
| Tacoma, WA | 217,332 | 111 | 0.9x |
| Lakewood, WA | 62,972 | 115 | 1.0x |
| Parkland, WA | 38,092 | 109 | 0.9x |
| Gig Harbor, WA | 11,505 | 141 | 1.2x |
| Fife, WA | 10,869 | 126 | 1.0x |
| Sumner, WA | 10,545 | 127 | 1.0x |
| Yelm, WA | 10,205 | 113 | 0.9x |
| Midland, WA | 9,448 | 108 | 0.9x |
| Summit View, WA | 8,593 | 117 | 1.0x |
| Fircrest, WA | 7,109 | 123 | 1.0x |
