The economy does seem on its way to regaining its footing. There are more jobs. Gasoline prices have literally plummeted – though Island drivers know, it is still important to shop around. Yet it isn’t all rosy. Around here housing costs are creeping up steadily. The increase in home values is good for those hoping to regain equity lost over the last few years. But those higher prices are terrible for anyone looking for a first time home or even an apartment.

The latest Consumer Price Index values for 2014 for the Seattle area show a jumble of cost changes. The most recent report said that “while gas prices have fallen dramatically over the past few months, the index for all consumer items less food and energy, was up 2.6 percent.” Contributing to the increase is housing, up 5.1 percent and household furnishings and operations up 4.4 percent. Food prices alone rose 3.7 percent. Prices for food at home moved up 4.8 percent since a year ago, and prices for food away from home increased 2.2 percent.

It is tough to find an affordable place to live. Even before one compares the cost of owning versus renting, just finding a place in an already tight market is challenging. Scrounging up the money for the first and last month’s rent and a security deposit — is no small feat when renting an apartment or buying a condo either on the Eastside or in Seattle. After adding up wifi and cable, a quick look at condo HOA fees on the Island is sobering. Of the nine condos for sale on the Island, HOAs range from about 31 cents per square foot to 48 cents.

Giving up a car will help for those willing to pay more to live close to transit. Those looking for more home for the money will inevitably look further out from work or shopping and face those longer commutes. So, let’s hope gas prices stay low and that electric cars will become cheaper.