Tacoma’s Diverse Landscape
Tacoma, nestled along the I-5 Corridor in Washington State, is a city of diversity and opportunities, where the stunning landscapes are matched only by the warm, welcoming communities that call it home. As you embark on your journey to Tacoma, understanding the cost of living becomes essential in finding the perfect neighborhood that suits both your budget and lifestyle. From serene suburban areas to picturesque waterfront communities, Tacoma offers a plethora of choices to create your dream home.
In this blog post, we will delve into the 2023 cost of living in Tacoma, providing estimated prices of living expenses in various neighborhoods. We’ll guide you through Tacoma’s diverse landscape, helping you navigate through each area’s unique offerings. From the desirable University Place to the historic charm of North Tacoma and beyond, let’s explore what Tacoma has to offer and find the perfect place for your new beginning.
- Desirable Neighborhoods: University Place and Fircrest
If you’re seeking a community that harmoniously combines charm, amenities, and top-rated schools, look no further than University Place. Nestled on the water’s edge with breathtaking views of Puget Sound, University Place offers a variety of housing options to suit different lifestyles and preferences. From cozy family homes to luxurious waterfront properties, this neighborhood caters to a diverse array of residents.
Imagine waking up to the picturesque views of Puget Sound, where University Place’s charm is complemented by the presence of top-rated schools and a plethora of amenities. The neighborhood provides easy access to parks, recreational facilities, and a vibrant downtown adorned with local shops and restaurants, creating an ideal work-life balance for its residents.
- Cozy family homes in University Place can be priced between $400,000 to $600,000, depending on the size and location.
- Luxurious waterfront properties with stunning views of Puget Sound may range from $800,000 to over $2 million, offering a lavish lifestyle for those willing to invest.
Living in University Place also comes with a range of living expenses, including utilities, groceries, transportation, and entertainment. On average, a family of four can expect to spend around $4,000 to $5,000 per month on basic living expenses.
Specifically, here is a breakdown of the cost of living in University Place (estimate only):
- Median Home Price: $550,000 to $850,000
- Average Monthly Rent for a 2-Bedroom Apartment: $2,000 to $2,500
- Average Monthly Utilities (Electricity, Water, Heating): $150 to $200
- Groceries (Monthly): $400 to $500
- Dining Out (Monthly): $250 to $400
- Transportation (Monthly): $150 to $250 (excluding car payments)
- Charming North Tacoma: Where History Meets Beauty
North Tacoma’s allure lies in its timeless beauty and historic charm. The neighborhood is home to many older houses, each boasting its unique architectural heritage, adding character to the community. Surrounded by tree-lined streets and green spaces, North Tacoma creates an inviting ambiance, appealing to those seeking a serene and picturesque place to call home.
Nestled in North Tacoma, older homes exude a timeless charm, attracting those who appreciate the architectural heritage and distinctive character. The beautiful Ruston Point, with its enchanting waterfront, enhances the area’s appeal, making it a sought-after location for nature lovers and history enthusiasts alike. Whether you’re strolling along Point Defiance Park’s scenic trails or exploring charming local boutiques, North Tacoma offers a seamless blend of history and beauty.
- Older homes in North Tacoma can be found in the range of $350,000 to $700,000, depending on the size, condition, and historical significance.
- Waterfront properties or homes with scenic views may cost between $700,000 to $1.5 million, providing an unparalleled living experience.
Living in North Tacoma also comes with living expenses, similar to University Place. A family of four can expect to spend around $4,000 to $5,000 per month on basic necessities and entertainment.
Specifically, here is a breakdown of the cost of living in North Tacoma (estimate only):
- Median Home Price: $500,000 to $800,000
- Average Monthly Rent for a 2-Bedroom Apartment: $1,800 to $2,300
- Average Monthly Utilities (Electricity, Water, Heating): $150 to $200
- Groceries (Monthly): $350 to $450
- Dining Out (Monthly): $200 to $350
- Transportation (Monthly): $150 to $250 (excluding car payments)
- Transitioning through Tacoma Proper
As you traverse through Tacoma proper, you’ll encounter a range of neighborhoods with varying price points and unique characteristics. Tacoma’s charm lies in its seamless transition from one area to another, where communities blend harmoniously, offering a diverse array of living options.
As you travel through Tacoma, you’ll discover diverse neighborhoods, each showcasing its distinctive features and offerings. The city’s proper, with its vibrant downtown, cultural venues, and thriving arts scene, caters to those seeking an urban lifestyle with easy access to entertainment and amenities. As you venture further, you’ll find neighborhoods like Central Tacoma, known for its historic homes and community-oriented atmosphere. Tacoma’s real estate market offers something for everyone, from families looking for spacious properties to young professionals seeking trendy lofts.
- In the central Tacoma area, home prices may range from $250,000 to $500,000, providing affordable options for young professionals and families.
- Moving towards neighborhoods like Central Tacoma, known for its historic homes, home prices may increase to the range of $400,000 to $700,000, depending on the property’s condition and location.
The living expenses in Tacoma proper are relatively similar to the aforementioned neighborhoods, with a family of four spending around $4,000 to $5,000 per month on basic necessities and leisure activities.
Specifically, here is a breakdown of the cost of living in Tacoma Proper (estimate only):
- Median Home Price: $400,000 to $650,000
- Average Monthly Rent for a 2-Bedroom Apartment: $1,500 to $2,000
- Average Monthly Utilities (Electricity, Water, Heating): $120 to $180
- Groceries (Monthly): $300 to $400
- Dining Out (Monthly): $150 to $250
- Transportation (Monthly): $100 to $200 (excluding car payments)
- The Puyallup Corridor: South Hill and Beyond
Heading south of Tacoma, you’ll encounter the Puyallup Corridor, featuring the charming South Hill area and beyond. The Corridor, located off of Highway 512, offers a mix of suburban living, access to parks, and proximity to major highways for easy commuting.
Driving further along the I-5 Corridor, you’ll encounter the Puyallup Corridor, featuring the charming South Hill area. Here, off of Highway 512, you’ll find great neighborhoods with different school options and price ranges. Each area has its charm and caters to diverse lifestyles, whether you’re a first-time homebuyer, a downsizer, or military personnel relocating to Tacoma. South Hill boasts a friendly community atmosphere, making it an excellent choice for families looking for a close-knit neighborhood with excellent schools and recreational facilities.
- Homes in South Hill can range from $300,000 to $600,000, providing affordable options for families and downsizers alike.
- The average monthly rent for a 2-bedroom apartment ranges from $1,200 to $1,800.
Living expenses in the Puyallup Corridor are comparable to other neighborhoods in Tacoma, with a family of four spending around $4,000 to $5,000 per month on basic necessities and entertainment.
Specifically, here is a breakdown of the cost of living in South Hill and the Puyallup Corridor (estimate only):
- Median Home Price: $350,000 to $600,000
- Average Monthly Rent for a 2-Bedroom Apartment: $1,200 to $1,800
- Average Monthly Utilities (Electricity, Water, Heating): $100 to $150
- Groceries (Monthly): $250 to $350
- Dining Out (Monthly): $100 to $200
- Transportation (Monthly): $100 to $150 (excluding car payments)
Your Tacoma Journey Awaits!
Tacoma, with its charm, diversity, and opportunity, welcomes you with a variety of neighborhoods to suit various preferences and budgets. As you embark on your quest to find the perfect home, remember that each area has its unique features and associated living costs. Whether you’re a business professional seeking a comfortable retreat, a first-time homebuyer embracing a new chapter, or a downsizer ready for a simpler life, Tacoma invites you with open arms.
Uncover the beauty, culture, and charm that Tacoma has to offer, and find your perfect place to call home. Contact us now if you’d like to know anything about buying, selling, or investing in real estate or if you’re relocating to the area. We are Joe and Charity Slawter of Live Well Group, and we’d be thrilled to help you navigate the Tacoma real estate market with our expert insights and personalized guidance. Whether you’re exploring the vibrant neighborhoods of University Place or savoring the historic ambiance of North Tacoma, our team is dedicated to making your Tacoma journey a seamless and rewarding experience. Let’s find your dream home in Tacoma together!
