Lake Tapps, WA Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lake Tapps, WA Summary

Cost of living in Lake Tapps 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 Lake Tapps 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 Lake Tapps is 146, with 100 being the average.

  • The cost of living index in Lake Tapps is 1.5x higher than the national average.

  • Lake Tapps ranks as the #162 cheapest in Washington out of 192.

  • Lake Tapps ranks as the #5,742 cheapest out of 6,412 in the US.

  • The median home value in Lake Tapps is $505,600.

  • The median income in Lake Tapps is $119,626.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
146
Lake Tapps's Overall Cost Of Living
1.5x
Higher Than The National Average

What is the cost of living in Lake Tapps, WA?

According to the most recent data on the cost of living, Lake Tapps has an overall cost of living index of 146, which is 1.5x higher than the national index of 100.

Compared to Washington, Lake Tapps has a cost of living index that's 1.3x higher than Washington's index of 115.

The standard of living in Lake Tapps ranks as #162 most affordable out of the 192 places we measured in Washington. By definition, that implies Lake Tapps ranks as the #30 most expensive place in the Evergreen State.

For more reading on life in Lake Tapps, check out:

162 out of 192
In Washington
5,742 out of 6,412
In America

Lake Tapps Cost Of Living Vs. Washington

Six factors go into calculating the cost of living index in Lake Tapps. Here is how it fairs on each of the criteria:

  • The Services index in Lake Tapps is 128.

  • The Groceries index in Lake Tapps is 128.

  • The Health index in Lake Tapps is 128.

  • The Housing index in Lake Tapps is 189.

  • The Transportation index in Lake Tapps is 140.

  • The Utilities index in Lake Tapps is 110.

Living Expense Lake Tapps Washington National Average
Overall 146 115 100
Services 128 112 100
Groceries 128 109 100
Health 128 119 100
Housing 189 129 100
Transportation 140 116 100
Utilities 110 90 100
For more reading on cost of living around Washington, check out:
Lake Tapps Cost of Living Vs. WA

Lake Tapps, 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 Lake Tapps is $505,600.

  • The Median Rent in Lake Tapps is $1,732.

  • The Median Income in Lake Tapps is $119,626.

  • The Home Value To Income in Lake Tapps is 4.2x.

  • The Rent To Monthly Income in Lake Tapps is 0.17x.

Statistic Lake Tapps Washington United States
Median Home Value $505,600 $397,600 $244,900
Median Rent $1,732 $1,439 $1,163
Median Income $119,626 $82,400 $69,021
Home Value To Income 4.2x 4.8x 3.5x
Rent To Monthly Income 0.17x 0.21x 0.2x
Search Homes For Sale In Lake Tapps, WA
$505,600
Median Home Value
$1,732
Median Rent
$119,626
Median Income

Lake Tapps, WA Costs By Category

Detailed Lake Tapps Services Costs Vs. Washington

Item Lake Tapps 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 Lake Tapps Groceries Costs Vs. Washington

Item Lake Tapps 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 Lake Tapps Health Costs Vs. Washington

Item Lake Tapps Washington
Optometrist $158.73 $108.57
Doctor $136.39 $116.17
Dentist $143.77 $99.13

Detailed Lake Tapps Transportation Costs Vs. Washington

Item Lake Tapps Washington
Gasoline $3.19 $2.22
Tire Balancing $66.49 $50.07

Detailed Lake Tapps Utilities Costs Vs. Washington

Item Lake Tapps Washington
All Electricity $186.95 $167.67
Phone $194.23 $175.64

Lake Tapps SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8
Diversity
7
Safety
N/A
Amenities
8
Education
8.5
Commute
3

Cost Of Living In Cities Around Lake Tapps

The cost of living varies in the cities and towns around Lake Tapps. 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 Lake Tapps.

  • Auburn, WA has a cost of living index of 125, 0.9x Lake Tapps.

  • Lakewood, WA has a cost of living index of 115, 0.8x Lake Tapps.

City Population Cost Of Living Vs. Lake Tapps
Tacoma, WA 217,332 111 0.8x
Auburn, WA 85,306 125 0.9x
Lakewood, WA 62,972 115 0.8x
Puyallup, WA 42,366 120 0.8x
Parkland, WA 38,092 109 0.7x
Bonney Lake, WA 22,229 137 0.9x
Frederickson, WA 21,651 118 0.8x
Prairie Ridge, WA 12,575 123 0.8x
Edgewood, WA 12,132 137 0.9x
Fife, WA 10,869 126 0.9x

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