Thinking about moving to Olympia, Washington, or just curious if it’s an expensive place to live? You’re not alone! Many people wonder about Olympia’s affordability, especially compared to other cities in Washington and across the country. Let’s break down the real costs, from housing and groceries to utilities and transportation, so you can decide if Olympia fits your budget and lifestyle.
Housing Costs
Housing is often the largest expense for anyone considering a move. In Olympia, you’ll find that housing costs are a mixed bag—more affordable than Seattle, but pricier than many other U.S. cities.
- The average monthly rent in Olympia is about $1,789 for an apartment. If you’re looking to buy, the average home price circles around $620,935. That’s 19% higher than the national average, but 22% lower than the Washington state average.
- If you want a one-bedroom apartment downtown, expect to pay around $1,728 per month, while an apartment outside the city center averages $1,568.
- Compared to the rest of Washington, Olympia’s housing is about 19% less expensive, making it a more budget-friendly choice for many residents.
So, is Olympia expensive for housing? Compared to the U.S. as a whole, yes, but compared to other Washington cities, especially Seattle, Olympia is a relative bargain.
Everyday Living
You can’t live on housing alone! Let’s look at what you’ll pay for daily essentials in Olympia.
Groceries
- Groceries in Olympia are about 4% more expensive than the national average, but nearly 17% less expensive than the Washington state average.
- Expect to pay around $3.71 for a loaf of bread, $4.04 for a gallon of milk, and $3.41 for a dozen eggs.
- Produce prices are reasonable, with apples at $2.37 per pound and bananas at $0.67 per pound.
Utilities
- Utilities in Olympia are about 10% less expensive than the national average, so you might save a bit here.
- For a 700-square-foot apartment, utilities (including electric, gas, water, and heating) average about $120 per month, but can range from $54 to $306 depending on usage and season.
- Sewer and water charges vary, but a single-family home pays about $17.48 per month for sewer if water use is low, with higher rates for higher consumption.
Healthcare
- Healthcare costs in Olympia are about 17% higher than the national average, so you’ll want to factor in insurance and out-of-pocket expenses.
- Doctor visits and dental care can be pricier than in other parts of the country, so it’s worth checking your coverage before you move.
Transportation
- Transportation costs in Olympia are 29% higher than the national average, mainly due to higher gas prices and limited public transit options.
- A gallon of gasoline costs around $4.22, and a five-mile taxi ride downtown is about $19.71.
- If you’re commuting, budget a little extra for transportation, especially if you’re used to lower prices elsewhere.
Comparing Olympia to Washington State and the U.S.
How does Olympia stack up against other places? Here’s a quick comparison:
| Expense Category | Olympia vs. WA State | Olympia vs. U.S. Average |
|---|---|---|
| Housing | 19% less expensive | 19% more expensive |
| Groceries | 17% less expensive | 4% more expensive |
| Utilities | 6% less expensive | 10% less expensive |
| Transportation | 2.6% less expensive | 29% more expensive |
| Childcare | 46.5% less expensive | — |
| Entertainment | 23% less expensive | 11% more expensive |
| Clothing | 25% less expensive | 11% more expensive |
If you’re moving from another Washington city, especially Seattle or Bellevue, you’ll likely find Olympia more affordable. If you’re coming from a smaller town or a state with a lower cost of living, Olympia might feel expensive at first.
Income and Affordability
Affordability depends on your income. Here’s what you need to know about wages and salaries in Olympia:
- The average household income in Olympia is about $73,851, and the average family income is $95,617.
- Per capita income is $41,904, which is solid compared to many U.S. cities.
- The city has a 6.9% unemployment rate and a median age of 38.7, so it’s a working community with a good mix of professionals, families, and retirees.
If your income matches or exceeds the local average, you’ll likely find Olympia reasonably affordable, especially if you’re careful with housing and transportation costs.
Quality of Life
You’re not just paying for a roof over your head—you’re also buying into a certain lifestyle. Olympia offers a lot for your money:
- Great neighborhoods with a small-town feel, especially near the Capitol and downtown.
- Highly rated public schools, including Olympia High School, which boasts a 93% graduation rate and strong test scores.
- A vibrant arts and culture scene, including museums, galleries, and annual festivals like the Procession of the Species.
- Easy access to parks, lakes, and the Puget Sound, plus views of Mount Rainier on clear days.
- A variety of local restaurants, farmers markets, and outdoor activities, from hiking to boating.
Is Olympia Worth the Cost?
Pros
- Lower housing costs compared to Seattle and other Washington cities.
- Utilities and groceries are reasonably priced, especially if you shop smart.
- Strong community vibe, great schools, and lots of outdoor activities.
- Good average incomes, making it easier for many residents to afford the cost of living.
Cons
- Housing and transportation are pricier than the national average, so you’ll need to budget carefully if you’re moving from a cheaper area.
- Healthcare costs are higher than in many parts of the country, so be prepared for bigger medical bills.
- Limited public transportation means you may need a car, which adds to overall expenses.
Tips for Saving Money in Olympia
- Consider living just outside the city center for lower rent or home prices.
- Shop at local farmers markets for fresh produce and better deals.
- Use energy-efficient appliances to keep utility bills low.
- Take advantage of free or low-cost outdoor activities and community events.
- Compare healthcare plans to find the best coverage for your needs.
Is Olympia Expensive?
You’ll find that Olympia is more expensive than many U.S. cities, but less expensive than other major cities in Washington. Housing and transportation will take up the biggest chunk of your budget, but you’ll save on utilities and groceries compared to the state average. With good schools, beautiful parks, and a friendly community, many people feel the higher costs are worth it for the quality of life you get in Olympia.
So, is Olympia an expensive place to live? It depends on where you’re coming from and what you value. If you’re looking for a balance between affordability and lifestyle in Washington, Olympia is a smart choice that won’t break the bank for most families and professionals
