Cottage Lake, WA

Very High · 251

Washington · Population 23,170 · Updated March 2026

$2,374
Median Rent / Month
$197,331
Median Income
$1,164,000
Median Home Value
$3,120
Owner Costs / Month

Affordability

How far your income goes in Cottage Lake

14.4%
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

$28,488
Annual Rent
$0
State Income Tax
$10,709
Property Tax (est.)

Cost of Living Overview

Cottage Lake has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 251 (where 100 equals the national median), Cottage Lake residents can expect to pay median rent of $2,374/month while earning a median household income of $197,331/year.

The median home value in Cottage Lake, WA is $1,164,000, with typical monthly owner costs around $3,120 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.4% 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 Cottage Lake.

Frequently Asked Questions

Common questions about living costs in Cottage Lake

What is the cost of living in Cottage Lake, WA?
The cost of living index in Cottage Lake, WA is 251 (US average = 100). Median monthly rent is $2,374, median household income is $197,331/year, and the median home value is $1,164,000.
Is Cottage Lake, WA affordable?
No, Cottage Lake is more expensive than the national average with a cost index of 251. The rent-to-income ratio is 14.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cottage Lake, WA?
The median gross rent in Cottage Lake, WA is $2,374 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,488.
What is the median household income in Cottage Lake?
The median household income in Cottage Lake, WA is $197,331 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.