Cost of Living in Banks Lake South, WA

With a cost of living index of 96, Banks Lake South, WA is slightly more affordable than average. Living here is 4% cheaper than the national average and 23% below the Washington state average of 119. Banks Lake South is a small community of 216 residents.

The median household income in Banks Lake South is $42,917, which is 43% lower than the national median of $75,149.

Climate is another factor for anyone considering a move to Banks Lake South. The area sees an average annual temperature of 51.5°F, with summers averaging 72°F and winters around 31°F. Annual rainfall totals 7.6 inches spread over roughly 71 days.

Everyday prices in the Wenatchee-East Wenatchee, WA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.