Cost of Living in Central Park, WA

Population 3,203 · Washington · Data vintage 2023

95
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Central Park is a smaller Washington community of around 3000 residents, where median household incomes of $97,273 and housing costs ($313,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.2% — below most comparable cities in the state.

Central Park is about 60 miles west of Tacoma, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 31% lower than Tacoma's $455,000.

Cost Overview

Housing 103
Rent 84

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Central Park

The median home value in Central Park is $313,300 — 3% above the national median of $305,000. Median rent runs $1,108/month, 16% lower than the national median of $1,314/month. The median household income of $97,273/year is 30% higher than the US median of $74,580. The local unemployment rate is 2.2%, below the national average of 4.8%. Washington charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 57.4°F and lows of 44.7°F. Overall, Central Park has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.

🏠 Housing

Median Home Value
$313,300
3% above avg
Median Rent
$1,108/mo
16% below avg
Price-to-Rent Ratio
23.6x
Favors renting
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$963
1 BR
$1,018
2 BR
$1,317
3 BR
$1,845
4 BR
$2,071
Owner-occupied 84.5%
Renter-occupied 15.6%

💰 Estimated Monthly Budget

Rent median rent
$1,108
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,722/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.7 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.3%

Commute Mode

Drove alone
86.3%
Carpooled
2.6%
Walked
1.4%
Work from home
9.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.2%
State rate 6.5%
Avg local rate 2.7%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$97,273
30% above avg
Per Capita Income
$42,843
Unemployment Rate
2.2%
55% below avg
Poverty Rate
6.1%
Labor Force Participation
66.9%

🎓 Education

Bachelor's degree+ 14.0%
Graduate degree 10.7%

👥 Demographics

Median Age 45.3
Male median age 39.2
Female median age 50.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.4°F
Avg Low
44.7°F
Annual Precip
68.8"
30° 40° 50° 60° 70° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485052566063676867605247
Low °F 383839424751545451464037
Precip" 10.916.657.745.352.992.010.851.352.536.9110.9510.52

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 23 — Good
92.9%
Good air days/yr
80
Max AQI recorded
365
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Central Park, WA?

Central Park has a cost index of 95 (100 = national average). It is 5% below the national average.

What is average rent in Central Park, WA?

The median gross rent in Central Park is $1,108 per month based on 2023 Census data.

What is the average home price in Central Park?

The median home value in Central Park is $313,300 according to 2023 Census ACS data.

What is the median income in Central Park?

The median household income in Central Park is $97,273 per year (2023 ACS 5-year estimates).

What is the sales tax in Central Park, WA?

The combined state and local sales tax rate in Central Park is 9.2%. Washington has no state income tax.

Is Central Park, WA affordable?

Central Park is near the national average in terms of cost of living, with an index of 95 (100 = US average).

What is the weather like in Central Park?

Central Park has average high temperatures of 57.4°F and average lows of 44.7°F. Annual precipitation is 68.8". Data from NOAA 1991–2020 Climate Normals.

Central Park at a Glance

Population
3,203
Median Income
$97,273
Home Value
$313,300
Median Rent
$1,108/mo
Unemployment
2.2%
Avg High Temp
57.4°F
Sales Tax
9.2%
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🗺️ County data for Washington

Explore county-level cost of living data

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