Cost of Living in Ferndale, WA
Housing
The housing market plays a significant role in determining the cost of living in Ferndale, WA.
- Housing Index: 121.1 / 100
- Median Home Price is: $492,000
- Average Rent (2 BR Apartment): $1861 per month
- Average Rent (2 BR House): $2023 per month
Considering relocating to Ferndale, WA? The housing market appears challenging, as the housing index stands at 121.1—indicating limited opportunities. The median home price is relatively high at 492000, suggesting a premium market but an investment risk if you're not well prepared. While rental options seem untapped, consider potential increases in living costs in the future. It’s crucial to factor in local job growth and amenities, as these elements can enhance property value over time. Overall, weigh the property's long-term stability against your financial readiness before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ferndale, WA.
- Electricity Price: $12.34 USD (median by state)
- Natural Gas Price: $18.14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $251 per month
Living in Ferndale, WA could entail higher utility costs. Electricity costs sit at $12.34, while natural gas is priced at $18.14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $251 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Ferndale is a financially viable option for your relocation.