Alderwood Manor, WA

Very High · 161

Washington · Population 10,168 · Updated March 2026

$1,933
Median Rent / Month
$118,077
Median Income
$651,300
Median Home Value
$1,962
Owner Costs / Month

Affordability

How far your income goes in Alderwood Manor

19.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Washington

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.5%
Sales Tax
0.92%
Property Tax Rate

Estimated Annual Costs

$23,196
Annual Rent
$0
State Income Tax
$5,992
Property Tax (est.)

Cost of Living Overview

Alderwood Manor has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 161 (where 100 equals the national median), Alderwood Manor residents can expect to pay median rent of $1,933/month while earning a median household income of $118,077/year.

The median home value in Alderwood Manor, WA is $651,300, with typical monthly owner costs around $1,962 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Washington has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.5% sales tax rate and 0.92% effective property tax rate, the overall tax environment helps keep costs manageable in Alderwood Manor.

Frequently Asked Questions

Common questions about living costs in Alderwood Manor

What is the cost of living in Alderwood Manor, WA?
The cost of living index in Alderwood Manor, WA is 161 (US average = 100). Median monthly rent is $1,933, median household income is $118,077/year, and the median home value is $651,300.
Is Alderwood Manor, WA affordable?
No, Alderwood Manor is more expensive than the national average with a cost index of 161. The rent-to-income ratio is 19.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Alderwood Manor, WA?
The median gross rent in Alderwood Manor, WA is $1,933 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,196.
What is the median household income in Alderwood Manor?
The median household income in Alderwood Manor, WA is $118,077 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Washington?
Washington has a top income tax rate of 0%, a sales tax of 6.5%, and an effective property tax rate of 0.92%. Notably, there is no state income tax.