F
38%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
102%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Camano Washington National
Cost of living138118100
Goods & Services113111100
Groceries109110100
Health care123120100
Housing202135100
Transportation117123100
Utilities9292100

An Overview of Cost of Living in Camano, WA

The cost of living in Camano affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Camano is 138, which is 38% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Camano is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Camano falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Camano cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 101.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Camano, you can expect to pay 13.1% more than average for these items, making it a more expensive place to live.

Is Camano Affordable?

Is Camano affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Camano, the median home price is 124.9% higher than the national average and monthly rent prices are 47.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Camano boasting a median household income of $85,811, 55.1% higher than the national average.

What Factors can Influence the Cost of Living in Camano?

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Camano, the groceries index is 9.4% higher than the national average.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Camano, the housing index is 101.8% higher than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Where is the Data From?

The cost of living in Camano, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Camano is 17% higher than the Washington average
  • The cost of living in Camano is 38% higher than the national average
  • Camano housing is 102% higher than the national average
  • Washington general sales tax is 27% higher than the national average
  • Washington state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Camano

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Compare Camano, WA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$86,031$7,169$2,007$2,581
      Renters$76,250$6,354$1,779$2,288
      A good indicator of the general affordability of housing in Camano, WA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Camano, the median monthly income is $86,031 for those who own their own homes. Under the standard rule, that income level would allow for $2,007 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $76,250, per the median income in the area. That would allow for renters to spend up to $1,779 on monthly rental expenses.

      Washington Sales Tax

      State General Sales Tax With Max Surtax
      Washington 6.5% 10.4%

      Washington Income Tax

      State Income Tax (Low) Income Tax (High)
      Washington 0% 0%

      Goods & Services

      Item Camano National avg. Difference
      Haircut $26.78$24.2610.4%
      Beauty Salon $67.83$45.5648.9%
      Toothpaste $3.48$3.706.0%
      Shampoo $1.23$1.283.7%
      Movie $12.82$12.135.7%
      Bowling $18.58$18.003.2%

      Groceries

      Item Camano National avg. Difference
      Ground Beef $6.76$5.8415.7%
      Fried Chicken $2.22$1.5741.3%
      Milk $4.98$4.676.7%
      Potatoes $4.43$4.9310.2%
      Pizza $12.95$12.097.2%
      Beer $11.47$10.4110.2%

      Health Care

      Item Camano National avg. Difference
      Optometrist $187.66$125.6849.3%
      Doctor $228.42$135.7868.2%
      Dentist $136.92$113.2920.9%
      Ibuprofen $11.80$10.6510.7%
      Lipitor $415.36$468.6011.4%

      Housing

      Item Camano National avg. Difference
      Home Price $415,400.00$184,700.00124.9%
      Avg. Mortgage Payment $2,731.21$2,346.6916.4%
      Apartment Rent $1,403.00$949.0047.8%

      Transportation

      Item Camano National avg. Difference
      Gasoline $4.35$3.4625.7%
      Tire Balancing $87.22$59.9245.6%

      Utilities

      Item Camano National avg. Difference
      All Electricity $153.78$193.9920.7%
      Phone $202.97$192.255.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Silvana, WA1411010.5%
      Conway, WA4011010.5%
      Northwest Stanwood, WA7911010.5%
      Hat Island, WA6111414.5%
      Lake McMurray, WA47811212.0%
      Camano, WA17,07313837.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      South Ogden, UT17,0801054.9%
      La Vista, NE17,081973.4%
      Huntington, IN17,0838415.7%
      Bristol, VA17,0598614.0%
      Mount Pleasant, TX17,0588812.1%
      Camano, WA17,07313837.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.