Zip 98406 (Tacoma, WA) Cost of Living


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Tacoma cost of living score
122.7
More expensive
22.7% higher
than the US average
0.7% higher
than the Washington average
Tacoma (zip 98406), Washington gets a BestPlaces Cost of Living score of 122.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 22.7% higher than the U.S. average and 0.7% lower than the average for Washington.

Zip 98406 (Tacoma, WA)

Housing costs in Tacoma?
A typical home costs $557,300, which is 64.8% more expensive than the national average of $338,100 and 4.2% more expensive than the average Washington home, at $534,700. Renting a two-bedroom unit in Tacoma costs $1,550 per month, which is 10.4% cheaper than the national average of $1,730 and 33.5% cheaper than the state average of $2,070.

Can I afford Tacoma?
To live comfortably in Tacoma (zip 98406), Washington, a minimum annual income of $106,920 for a family, and $49,200 for a single person is recommended.

What does A.I. say about Tacoma?
The cost of living in 98406 Tacoma, WA is relatively affordable. Groceries, healthcare costs, and housing are all below the national median. The median home price in Tacoma is $310,000 compared to a national average of $319,000. Similarly, the median rent stands at $1,222 per month which is lower than the national median of $1,468 a month. When it comes to groceries and healthcare costs, Tacoma's prices are below most US cities and also offer great value for money. Overall, living in 98406 Tacoma can be an affordable choice for those looking for a place to call home without breaking the bank.
   Cost of living score
     CategoriesTacomaWashingtonUnited States
  122.7121.9100.0
  102.6101.1100
  88.388.8100.0
  187.1172.8100.0
  $557,300$534,700$338,100
  68.4%74.0%100.0%
  116.8113.6100.0
  127.7113.3100.0

   100=National Average

   Average Rent by Bedroom Size
Crime