Ferndale, WA vs Lake Goodwin, WA

Ferndale is moderately more affordable than Lake Goodwin, with a 12.3% lower cost of living index. Ferndale scores 121 compared to 138 for Lake Goodwin, where the US average is 100. This difference means residents of Lake Goodwin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ferndale is $1,461/month compared to $1,439/month in Lake Goodwin — a 2% difference. Interestingly, home values tell a different story: while Lake Goodwin has cheaper rent, Ferndale actually has lower median home values ($492,400 vs $670,200).

Median household income in Ferndale is $83,839 compared to $104,028 in Lake Goodwin (-19.4%). While Lake Goodwin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ferndale spend roughly 20.9% of their income on rent, more than the 16.6% in Lake Goodwin.

Climate-wise, both cities share similar average temperatures (51.2°F vs 51.4°F). Ferndale receives more rainfall at 34.7" per year compared to 33.4" in Lake Goodwin.