Lake Forest Park, WA

Very High · 212

Washington · Population 13,356 · Updated March 2026

$2,205
Median Rent / Month
$158,868
Median Income
$928,700
Median Home Value
$2,692
Owner Costs / Month

Affordability

How far your income goes in Lake Forest Park

16.7%
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

$26,460
Annual Rent
$0
State Income Tax
$8,544
Property Tax (est.)

Cost of Living Overview

Lake Forest Park has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 212 (where 100 equals the national median), Lake Forest Park residents can expect to pay median rent of $2,205/month while earning a median household income of $158,868/year.

The median home value in Lake Forest Park, WA is $928,700, with typical monthly owner costs around $2,692 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.7% 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 Lake Forest Park.

Frequently Asked Questions

Common questions about living costs in Lake Forest Park

What is the cost of living in Lake Forest Park, WA?
The cost of living index in Lake Forest Park, WA is 212 (US average = 100). Median monthly rent is $2,205, median household income is $158,868/year, and the median home value is $928,700.
Is Lake Forest Park, WA affordable?
No, Lake Forest Park is more expensive than the national average with a cost index of 212. The rent-to-income ratio is 16.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lake Forest Park, WA?
The median gross rent in Lake Forest Park, WA is $2,205 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,460.
What is the median household income in Lake Forest Park?
The median household income in Lake Forest Park, WA is $158,868 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.