Mountlake Terrace, WA Cost Of Living
Cost Of Living In Mountlake Terrace, WA Summary
Cost of living in Mountlake Terrace 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 Mountlake Terrace 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 Mountlake Terrace is 134, with 100 being the average.
The cost of living index in Mountlake Terrace is 1.3x higher than the national average.
Mountlake Terrace ranks as the #139 cheapest in Washington out of 192.
Mountlake Terrace ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Mountlake Terrace is $451,900.
The median income in Mountlake Terrace is $87,785.
Table Of Contents
Mountlake Terrace's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mountlake Terrace, WA?
According to the most recent data on the cost of living, Mountlake Terrace has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to Washington, Mountlake Terrace has a cost of living index that's 1.2x higher than Washington's index of 115.
The standard of living in Mountlake Terrace ranks as #139 most affordable out of the 192 places we measured in Washington. By definition, that implies Mountlake Terrace ranks as the #53 most expensive place in the Evergreen State.
For more reading on life in Mountlake Terrace, check out:
- Living In Mountlake Terrace
- Mountlake Terrace Crime Report
- Search Homes For Sale In Mountlake Terrace, WA
In Washington
In America
Mountlake Terrace Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Mountlake Terrace. Here is how it fairs on each of the criteria:
The Services index in Mountlake Terrace is 127.
The Groceries index in Mountlake Terrace is 126.
The Health index in Mountlake Terrace is 128.
The Housing index in Mountlake Terrace is 143.
The Transportation index in Mountlake Terrace is 139.
The Utilities index in Mountlake Terrace is 111.
| Living Expense | Mountlake Terrace | Washington | National Average | |
|---|---|---|---|---|
| Overall | 134 | 115 | 100 | |
| Services | 127 | 112 | 100 | |
| Groceries | 126 | 109 | 100 | |
| Health | 128 | 119 | 100 | |
| Housing | 143 | 129 | 100 | |
| Transportation | 139 | 116 | 100 | |
| Utilities | 111 | 90 | 100 | |
Mountlake Terrace, 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 Mountlake Terrace is $451,900.
The Median Rent in Mountlake Terrace is $1,762.
The Median Income in Mountlake Terrace is $87,785.
The Home Value To Income in Mountlake Terrace is 5.1x.
The Rent To Monthly Income in Mountlake Terrace is 0.24x.
| Statistic | Mountlake Terrace | Washington | United States |
|---|---|---|---|
| Median Home Value | $451,900 | $397,600 | $244,900 |
| Median Rent | $1,762 | $1,439 | $1,163 |
| Median Income | $87,785 | $82,400 | $69,021 |
| Home Value To Income | 5.1x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Mountlake Terrace, WA Costs By Category
Detailed Mountlake Terrace Services Costs Vs. Washington
| Item | Mountlake Terrace | 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 Mountlake Terrace Groceries Costs Vs. Washington
| Item | Mountlake Terrace | 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 Mountlake Terrace Health Costs Vs. Washington
| Item | Mountlake Terrace | Washington |
|---|---|---|
| Optometrist | $158.73 | $108.57 |
| Doctor | $136.39 | $116.17 |
| Dentist | $143.77 | $99.13 |
Detailed Mountlake Terrace Transportation Costs Vs. Washington
| Item | Mountlake Terrace | Washington |
|---|---|---|
| Gasoline | $3.19 | $2.22 |
| Tire Balancing | $66.49 | $50.07 |
Detailed Mountlake Terrace Utilities Costs Vs. Washington
| Item | Mountlake Terrace | Washington |
|---|---|---|
| All Electricity | $186.95 | $167.67 |
| Phone | $194.23 | $175.64 |
Mountlake Terrace SnackAbility
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Cost Of Living In Cities Around Mountlake Terrace
The cost of living varies in the cities and towns around Mountlake Terrace. Here's a quick look at the cost of living in the most populous nearby places:
Everett, WA has a cost of living index of 125, 0.9x Mountlake Terrace.
Shoreline, WA has a cost of living index of 139, 1.0x Mountlake Terrace.
Edmonds, WA has a cost of living index of 148, 1.1x Mountlake Terrace.
| City | Population | Cost Of Living | Vs. Mountlake Terrace |
|---|---|---|---|
| Everett, WA | 110,438 | 125 | 0.9x |
| Shoreline, WA | 58,213 | 139 | 1.0x |
| Edmonds, WA | 42,622 | 148 | 1.1x |
| Lynnwood, WA | 38,812 | 135 | 1.0x |
| Lake Stevens, WA | 35,135 | 131 | 1.0x |
| Bainbridge Island, WA | 24,557 | 165 | 1.2x |
| Kenmore, WA | 23,556 | 148 | 1.1x |
| Silverdale, WA | 21,301 | 129 | 1.0x |
| Bothell West, WA | 20,180 | 140 | 1.0x |
| Monroe, WA | 19,879 | 131 | 1.0x |
