The city of Tacoma, which is based in the Pierce County of the state of Washington, is considered to be of a moderate size. In the previous five years, Tacoma has not had a significant increase in the number of people migrating into the city; yet, the city has managed to keep a small but steady influx of new residents. And we can say that the cost of living in Tacoma can either make it an alternative that might either be reasonable or unaffordable, depending on the community in which you decide to establish your permanent residence.
The population is now 210103, with a pace of growth of 0.8% in the previous year and 6.9% in the previous 5 years to reach this point. When you live in Tacoma, you are part of a dense urban environment, which may be a fast-paced area because people tend to live and work closely. There is always a new restaurant to explore, and the nightlife in the area is fun and exciting.
Cost of Living in Tacoma
What is it like living in Tacoma?
When contemplating a moving to Tacoma, one of the first questions that comes to mind is how much money the new location will require. It seems to be the reason that the perfect place to live is one in which one can meet all of one’s financial obligations while still having some money available for personal enjoyment. Where does Tacoma fall on the overall index of costs associated with living there? The following data should help paint a picture for you:
- The list price of a property in Tacoma, Washington, is typically around $219,950.
- An average monthly cost for a household for electricity is approximately $128.
- The price of your monthly water bill is typically around $32.
- The cost of curbside garbage pickup ranges anywhere from $20 to $100 on average.
- The annual cost of healthcare is roughly $3600 on average.
- The national average for the price of a gallon of gasoline is $2.63.
- The index for Tacoma’s cost of living is 5 points lower than that of Washington, but it is 10 points higher than that of the United States.
It is not a good idea to walk around Tacoma in the hopes of reaching your destination. Because everything is so spread out, having a car or making use of the public transportation system is strongly suggested. Living in Tacoma means that :
- Those who drive a vehicle will be required to visit the Department of Motor Vehicles office in Tacoma in order to register their vehicle and update their address.
- The price of a gallon of gas is currently $2.63, and the typical travel time to and from work is between 25 and 30 minutes.
- Residents of Tacoma have access to Pierce Transit System’s bus and light rail options.
- The ticket for a bus ride might range anywhere from $2.00 to $5.00 on average.
- The number of routes for public transportation in Tacoma is restricted, and they do not serve the entire city.
The Average Salary in Tacoma
As of the 22nd of November, the annual wage that is considered to be the norm in Tacoma is $53,432. In the event that you require a straightforward calculator for salaries, that comes out to around $25.69 per hour. This equates to $1,027 each week or $4,452 per month in spending power. The majority of annual earnings in Tacoma fall somewhere in the range of $40,202 (the 25th percentile) to $65,145 (the 75th percentile).These costs build up quickly and have a direct impact on Tacoma’s cost of living.
Naturally, the sum of money you make will differ depending on the line of work you do, the amount of experience you have, and a variety of other things. Diagnostic radiologist, oral and maxillofacial surgeon, and rheumatologist are three of the job titles which rank among the highest paying in the city of Tacoma.The state of Washington will set a minimum wage of $14.49 per hour beginning in the year 2022. Employers in the state of Washington are required to pay most of their workers at least the state’s minimum wage for each hour that they put in. The federal government has mandated that the minimum wage be raised to $15.74 per hour effective January 1, 2023.
Cost of Housing in Tacoma
The monthly cost of renting an apartment in Tacoma is approximately $1,642 on average and this effect immediately affects the cost of living in Tacoma. The amount that an apartment or home costs to rent can range widely based on a number of criteria such as its location, size, and quality. The areas of Tacoma with the lowest average monthly rent are Central Tacoma, Eastside Tacoma, and South Tacoma. The Central Tacoma neighborhood has an average rent of $1,284 per month, while the Eastside and South Tacoma neighborhoods each have an average rent of $1,307 per month.
If you are looking for further amazing discounts, you should check out the listings from South End Tacoma (1,571), New Tacoma (1,632), and Colgate Park (1,714), all of which have rates that are lower than the average monthly rent in Tacoma, which is $1,642.00. West End Tacoma, North End Tacoma, and North East Tacoma are the three most expensive neighborhoods in Tacoma, each with an average home price of $1,771; $1,903; and $2,013 and if you need help to find an apartment you can contact Tacoma Movers.
Taxes in Tacoma
The minimum rate of the combined sales tax is going to be 10.3% in the year 2022 in the city of Tacoma, which is located in the state of Washington. This is the sum of the sales tax rates for the state, the county, and the city aggregated into one number. The rate of the sales tax in the state of Washington is currently set at 6.5%. The County does not levy any kind of sales tax at all on its residents. The city of Tacoma collects a sales tax at a rate of 3.8%.
Not as horrible as you may think, Tacoma’s cost of living is. Comparatively, it’s only 9 percent above the U.S. average. In spite of the fact that this is not necessarily “good news,” it is far less expensive than living in places like Seattle.
Fun restaurants and exciting nightlife make Tacoma a desirable place to call home. Both the central business district and the waterfront may be reached easily on foot. It would be great if the police could do more to clear up the crime on the hill.