Cost of living in Fife 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 Fife 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 Fife is 126, with 100 being the average.
The cost of living index in Fife is 1.3x higher than the national average.
Fife ranks as the #108 cheapest in Washington out of 192.
Fife ranks as the #5,091 cheapest out of 6,412 in the US.
The median home value in Fife is $337,200.
The median income in Fife is $75,557.
According to the most recent data on the cost of living, Fife has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Washington, Fife has a cost of living index that's 1.1x higher than Washington's index of 115.
The standard of living in Fife ranks as #108 most affordable out of the 192 places we measured in Washington. By definition, that implies Fife ranks as the #84 most expensive place in the Evergreen State.
For more reading on life in Fife, check out:
Six factors go into calculating the cost of living index in Fife. Here is how it fairs on each of the criteria:
The Services index in Fife is 127.
The Groceries index in Fife is 129.
The Health index in Fife is 130.
The Housing index in Fife is 120.
The Transportation index in Fife is 141.
The Utilities index in Fife is 108.
Living Expense | Fife | Washington | National Average | |
---|---|---|---|---|
Overall | 126 | 115 | 100 | |
Services | 127 | 112 | 100 | |
Groceries | 129 | 109 | 100 | |
Health | 130 | 119 | 100 | |
Housing | 120 | 129 | 100 | |
Transportation | 141 | 116 | 100 | |
Utilities | 108 | 90 | 100 |
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 Fife is $337,200.
The Median Rent in Fife is $1,562.
The Median Income in Fife is $75,557.
The Home Value To Income in Fife is 4.5x.
The Rent To Monthly Income in Fife is 0.25x.
Statistic | Fife | Washington | United States |
---|---|---|---|
Median Home Value | $337,200 | $397,600 | $244,900 |
Median Rent | $1,562 | $1,439 | $1,163 |
Median Income | $75,557 | $82,400 | $69,021 |
Home Value To Income | 4.5x | 4.8x | 3.5x |
Rent To Monthly Income | 0.25x | 0.21x | 0.2x |
Item | Fife | Washington |
---|---|---|
Shampoo | $1.13 | $1.06 |
Movie | $14.7 | $10.68 |
Bowling | $21.8 | $14.67 |
Haircut | $39.33 | $18.62 |
Beauty Salon | $50.33 | $39.05 |
Item | Fife | Washington |
---|---|---|
Ground Beef | $5.74 | $4.22 |
Fried Chicken | $2.15 | $1.39 |
Milk | $2.5 | $2.05 |
Potatoes | $3.5 | $3.29 |
Pizza | $13.12 | $10.62 |
Beer | $10.49 | $9.38 |
Toothpaste | $3.44 | $2.34 |
Item | Fife | Washington |
---|---|---|
Optometrist | $158.73 | $108.57 |
Doctor | $136.39 | $116.17 |
Dentist | $143.77 | $99.13 |
Item | Fife | Washington |
---|---|---|
Gasoline | $3.19 | $2.22 |
Tire Balancing | $66.49 | $50.07 |
Item | Fife | Washington |
---|---|---|
All Electricity | $186.95 | $167.67 |
Phone | $194.23 | $175.64 |
The cost of living varies in the cities and towns around Fife. 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 Fife.
Lakewood, WA has a cost of living index of 115, 0.9x Fife.
Puyallup, WA has a cost of living index of 120, 1.0x Fife.
City | Population | Cost Of Living | Vs. Fife |
---|---|---|---|
Tacoma, WA | 217,332 | 111 | 0.9x |
Lakewood, WA | 62,972 | 115 | 0.9x |
Puyallup, WA | 42,366 | 120 | 1.0x |
Parkland, WA | 38,092 | 109 | 0.9x |
Frederickson, WA | 21,651 | 118 | 0.9x |
Lakeland South, WA | 12,696 | 132 | 1.0x |
Edgewood, WA | 12,132 | 137 | 1.1x |
Gig Harbor, WA | 11,505 | 141 | 1.1x |
Sumner, WA | 10,545 | 127 | 1.0x |
Midland, WA | 9,448 | 108 | 0.9x |