Cost of Living in Raymond, WA

With a cost of living index of 83, Raymond, WA is a very affordable place to live. Living here is 17% cheaper than the national average and 36% below the Washington state average of 119. Raymond is a small community of 3,160 residents.

Housing costs are the biggest factor in Raymond's cost of living. The median monthly rent is $916 (31% below the US median of $1,319), and the median home value sits at $214,800 (30% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Raymond is $52,500, which is 30% lower than the national median of $75,149. Residents spend roughly 21% 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 Raymond. 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.