Housing costs in Mountlake Terrace?
A typical home costs
$628,900, which is 86.0% more expensive than the national average of
$338,100 and 17.6% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Mountlake Terrace costs
$2,030 per month, which is 42.0% more than the national average of
$1,430 and 14.8% more than the state average of
$1,730.
Can I afford Mountlake Terrace?
To live comfortably in Mountlake Terrace, Washington, a minimum annual income of
$120,600 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Mountlake Terrace?
Mountlake Terrace, WA has a relatively low cost of living compared to other cities in the United States. According to the Council for Community and Economic Research’s Cost of Living Index, Mountlake Terrace is 11.2% lower than the national average, making it an affordable place to live. The median home price in 2019 was $362,100, which is much lower than the statewide average of $482,700. In addition, goods and services are generally cheaper in Mountlake Terrace than in nearby cities. Transportation costs are also comparatively low due to the city's convenient access to public transit. Overall, Mountlake Terrace offers an affordable lifestyle for those looking for a balance between cost and convenience.