Lakeland South, WA Cost Of Living
Cost Of Living In Lakeland South, WA Summary
Cost of living in Lakeland South 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 Lakeland South 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 Lakeland South is 132, with 100 being the average.
The cost of living index in Lakeland South is 1.3x higher than the national average.
Lakeland South ranks as the #131 cheapest in Washington out of 192.
Lakeland South ranks as the #5,326 cheapest out of 6,412 in the US.
The median home value in Lakeland South is $388,200.
The median income in Lakeland South is $83,269.
Table Of Contents
Lakeland South's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lakeland South, WA?
According to the most recent data on the cost of living, Lakeland South has an overall cost of living index of 132, which is 1.3x higher than the national index of 100.
Compared to Washington, Lakeland South has a cost of living index that's 1.1x higher than Washington's index of 115.
The standard of living in Lakeland South ranks as #131 most affordable out of the 192 places we measured in Washington. By definition, that implies Lakeland South ranks as the #61 most expensive place in the Evergreen State.
For more reading on life in Lakeland South, check out:
- Living In Lakeland South
- Search Homes For Sale In Lakeland South, WA
In Washington
In America
Lakeland South Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Lakeland South. Here is how it fairs on each of the criteria:
The Services index in Lakeland South is 129.
The Groceries index in Lakeland South is 130.
The Health index in Lakeland South is 126.
The Housing index in Lakeland South is 144.
The Transportation index in Lakeland South is 142.
The Utilities index in Lakeland South is 108.
| Living Expense | Lakeland South | Washington | National Average | |
|---|---|---|---|---|
| Overall | 132 | 115 | 100 | |
| Services | 129 | 112 | 100 | |
| Groceries | 130 | 109 | 100 | |
| Health | 126 | 119 | 100 | |
| Housing | 144 | 129 | 100 | |
| Transportation | 142 | 116 | 100 | |
| Utilities | 108 | 90 | 100 | |
Lakeland South, 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 Lakeland South is $388,200.
The Median Rent in Lakeland South is $1,593.
The Median Income in Lakeland South is $83,269.
The Home Value To Income in Lakeland South is 4.7x.
The Rent To Monthly Income in Lakeland South is 0.23x.
| Statistic | Lakeland South | Washington | United States |
|---|---|---|---|
| Median Home Value | $388,200 | $397,600 | $244,900 |
| Median Rent | $1,593 | $1,439 | $1,163 |
| Median Income | $83,269 | $82,400 | $69,021 |
| Home Value To Income | 4.7x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Lakeland South, WA Costs By Category
Detailed Lakeland South Services Costs Vs. Washington
| Item | Lakeland South | 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 |
Detailed Lakeland South Groceries Costs Vs. Washington
| Item | Lakeland South | 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 |
Detailed Lakeland South Health Costs Vs. Washington
| Item | Lakeland South | Washington |
|---|---|---|
| Optometrist | $158.73 | $108.57 |
| Doctor | $136.39 | $116.17 |
| Dentist | $143.77 | $99.13 |
Detailed Lakeland South Transportation Costs Vs. Washington
| Item | Lakeland South | Washington |
|---|---|---|
| Gasoline | $3.19 | $2.22 |
| Tire Balancing | $66.49 | $50.07 |
Detailed Lakeland South Utilities Costs Vs. Washington
| Item | Lakeland South | Washington |
|---|---|---|
| All Electricity | $186.95 | $167.67 |
| Phone | $194.23 | $175.64 |
Lakeland South SnackAbility
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Cost Of Living In Cities Around Lakeland South
The cost of living varies in the cities and towns around Lakeland South. 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, 0.8x Lakeland South.
Federal Way, WA has a cost of living index of 131, 1.0x Lakeland South.
Auburn, WA has a cost of living index of 125, 0.9x Lakeland South.
| City | Population | Cost Of Living | Vs. Lakeland South |
|---|---|---|---|
| Tacoma, WA | 217,332 | 111 | 0.8x |
| Federal Way, WA | 99,792 | 131 | 1.0x |
| Auburn, WA | 85,306 | 125 | 0.9x |
| Lakewood, WA | 62,972 | 115 | 0.9x |
| Puyallup, WA | 42,366 | 120 | 0.9x |
| Parkland, WA | 38,092 | 109 | 0.8x |
| Lakeland North, WA | 14,161 | 132 | 1.0x |
| Edgewood, WA | 12,132 | 137 | 1.0x |
| Gig Harbor, WA | 11,505 | 141 | 1.1x |
| Fife, WA | 10,869 | 126 | 1.0x |
