Cost of Living in Central Park, WA

With a cost of living index of 97, Central Park, WA is slightly more affordable than average. Living here is 3% cheaper than the national average and 22% below the Washington state average of 119. Central Park is a small community of 3,203 residents.

Housing costs are the biggest factor in Central Park's cost of living. The median monthly rent is $1,108 (16% below the US median of $1,319), and the median home value sits at $313,300 (3% above the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Central Park is $97,273, which is 29% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Central Park. The area sees an average annual temperature of 51°F, with summers averaging 59°F and winters around 43°F. Annual rainfall totals 68.8 inches spread over roughly 190 days.

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.