Breaking Down Bills: Spokane Defies Costly Trends, Emerges as Budget-Friendly Haven
This article originally appeared on Things that Matter
A recent report by doxoInsights has shed light on Spokane’s cost of living, revealing intriguing insights into residents’ spending habits and how they compare to both the state and national averages.
The study, encompassing various monthly bills, positions Spokane as the 71st most expensive city in Washington among 85 participating cities.
Spokane’s Wallet-Friendly Lifestyle
Contrary to assumptions about rising costs, Spokane residents seem to enjoy a more economical lifestyle, spending nearly $1,000 less annually on bills compared to the national average.
The report indicates that Spokane residents spend an average of $1,971 per month, totaling $23,648 annually on essential household bills. These figures stand significantly lower than both the state and national averages.
Cost Comparison: Below State and National Averages
When pitted against the state average of $2,468 per month and the national average of $2,046, Spokane emerges as a cost-effective city. The household expenses in Spokane register a 3.7% reduction compared to the national average and an even more substantial 20.2% decrease compared to the state average.
Spokane’s Rank Among Washington Cities
Out of the 85 cities included in the study, Spokane secures the 71st position in terms of expense. Despite being ranked as one of the lower-cost cities, Spokane maintains its appeal as an attractive and affordable place to reside in Washington.
Conclusion
Spokane’s standing as the 71st most expensive city in Washington brings forth a nuanced understanding of the city’s economic landscape. With lower-than-average household expenses, residents seem to benefit from a more pocket-friendly environment compared to both state and national benchmarks.