Housing costs in Soap Lake?
A typical home costs
$289,700, which is 14.3% less expensive than the national average of
$338,100 and 45.8% less expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Soap Lake costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 80.2% cheaper than the state average of
$1,730.
Can I afford Soap Lake?
To live comfortably in Soap Lake, Washington, a minimum annual income of
$55,440 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Soap Lake?
The cost of living in Soap Lake, WA is quite affordable. According to the Council for Community and Economic Research, the cost of living index for Soap Lake is 93.2, which is 7.8% lower than the national average. This means that essentials such as housing and groceries are significantly more affordable than in other cities across the country. Furthermore, taxes on both income and property are relatively low in comparison to surrounding areas, making it even easier for residents to take advantage of its low cost of living.