Tacoma residents enjoy one of the most stable costs of living within the state as the city has proven to be among the most resistant to inflation over the last decade. That’s according to a recent survey by financial tech company, SmartAsset.
The analysis was part of a larger study on places with the most stable cost of living.
Why is this important? The cost of living is essentially how much you pay for daily expenses like food, gas, and housing. A lower cost of living can make a city more appealing to prospective residents and can be a significant factor in personal wealth accumulation.
In other words, if daily expenses cost less, that means your salary can provide you a higher standard of living.
To learn more, visit SmartAsset.com.