Cheney, WA

Below Avg · 87

Washington · Population 12,830 · Updated March 2026

$1,075
Median Rent / Month
$47,039
Median Income
$330,300
Median Home Value
$1,113
Owner Costs / Month

Affordability

How far your income goes in Cheney

27.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$12,900
Annual Rent
$0
State Income Tax
$3,039
Property Tax (est.)

Cost of Living Overview

Cheney offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 87 (where 100 equals the national median), Cheney residents can expect to pay median rent of $1,075/month while earning a median household income of $47,039/year.

The median home value in Cheney, WA is $330,300, with typical monthly owner costs around $1,113 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.4%, Cheney falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Cheney.

Frequently Asked Questions

Common questions about living costs in Cheney

What is the cost of living in Cheney, WA?
The cost of living index in Cheney, WA is 87 (US average = 100). Median monthly rent is $1,075, median household income is $47,039/year, and the median home value is $330,300.
Is Cheney, WA affordable?
Yes, Cheney is more affordable than the national average with a cost index of 87. The rent-to-income ratio is 27.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cheney, WA?
The median gross rent in Cheney, WA is $1,075 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,900.
What is the median household income in Cheney?
The median household income in Cheney, WA is $47,039 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.