Bonney Lake, WA

Very High · 164

Washington · Population 22,776 · Updated March 2026

$2,212
Median Rent / Month
$131,524
Median Income
$558,900
Median Home Value
$2,264
Owner Costs / Month

Affordability

How far your income goes in Bonney Lake

20.2%
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

$26,544
Annual Rent
$0
State Income Tax
$5,142
Property Tax (est.)

Cost of Living Overview

Bonney Lake has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 164 (where 100 equals the national median), Bonney Lake residents can expect to pay median rent of $2,212/month while earning a median household income of $131,524/year.

The median home value in Bonney Lake, WA is $558,900, with typical monthly owner costs around $2,264 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.2% 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 Bonney Lake.

Frequently Asked Questions

Common questions about living costs in Bonney Lake

What is the cost of living in Bonney Lake, WA?
The cost of living index in Bonney Lake, WA is 164 (US average = 100). Median monthly rent is $2,212, median household income is $131,524/year, and the median home value is $558,900.
Is Bonney Lake, WA affordable?
No, Bonney Lake is more expensive than the national average with a cost index of 164. The rent-to-income ratio is 20.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bonney Lake, WA?
The median gross rent in Bonney Lake, WA is $2,212 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,544.
What is the median household income in Bonney Lake?
The median household income in Bonney Lake, WA is $131,524 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.