Gig Harbor, WA

Very High · 172

Washington · Population 12,202 · Updated March 2026

$2,097
Median Rent / Month
$106,042
Median Income
$686,000
Median Home Value
$2,070
Owner Costs / Month

Affordability

How far your income goes in Gig Harbor

23.7%
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

$25,164
Annual Rent
$0
State Income Tax
$6,311
Property Tax (est.)

Cost of Living Overview

Gig Harbor has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 172 (where 100 equals the national median), Gig Harbor residents can expect to pay median rent of $2,097/month while earning a median household income of $106,042/year.

The median home value in Gig Harbor, WA is $686,000, with typical monthly owner costs around $2,070 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.7% 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 Gig Harbor.

Frequently Asked Questions

Common questions about living costs in Gig Harbor

What is the cost of living in Gig Harbor, WA?
The cost of living index in Gig Harbor, WA is 172 (US average = 100). Median monthly rent is $2,097, median household income is $106,042/year, and the median home value is $686,000.
Is Gig Harbor, WA affordable?
No, Gig Harbor is more expensive than the national average with a cost index of 172. The rent-to-income ratio is 23.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Gig Harbor, WA?
The median gross rent in Gig Harbor, WA is $2,097 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,164.
What is the median household income in Gig Harbor?
The median household income in Gig Harbor, WA is $106,042 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.