Cost of Living in Hoquiam, WA

With a cost of living index of 84, Hoquiam, WA is a very affordable place to live. Living here is 16% cheaper than the national average and 35% below the Washington state average of 119. Hoquiam is a smaller community of 8,792 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Hoquiam's cost of living. The median monthly rent is $1,011 (23% below the US median of $1,319), and the median home value sits at $196,400 (36% below the national median of $304,900). At current prices, the median home costs roughly 3.8x the median household income — a moderately affordable ratio by today's standards.

The median household income in Hoquiam is $51,754, which is 31% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Hoquiam. 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.