Housing costs in Elma?
A typical home costs
$342,200, which is 1.2% more expensive than the national average of
$338,100 and 36.0% less expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Elma costs
$1,040 per month, which is 39.9% cheaper than the national average of
$1,730 and close to the state average of
$1,050.
Can I afford Elma?
To live comfortably in Elma (zip 98541), Washington, a minimum annual income of
$65,520 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Elma?
Living in 98541 Elma, WA is incredibly affordable. The cost of living index in Elma is just 95.3, which is much lower than the national average. This means that food, housing, and transportation are all significantly cheaper than most parts of the country. Additionally, Washington state has no income tax, so residents can take home more of their paychecks each month. With a low cost of living and no income tax, Elma makes a great place to settle down and enjoy a comfortable lifestyle without breaking the bank.