Lakeland North, WA

Very High · 154

Washington · Population 14,664 · Updated March 2026

$2,227
Median Rent / Month
$111,681
Median Income
$501,600
Median Home Value
$2,028
Owner Costs / Month

Affordability

How far your income goes in Lakeland North

23.9%
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

$26,724
Annual Rent
$0
State Income Tax
$4,615
Property Tax (est.)

Cost of Living Overview

Lakeland North has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 154 (where 100 equals the national median), Lakeland North residents can expect to pay median rent of $2,227/month while earning a median household income of $111,681/year.

The median home value in Lakeland North, WA is $501,600, with typical monthly owner costs around $2,028 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.9% 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 Lakeland North.

Frequently Asked Questions

Common questions about living costs in Lakeland North

What is the cost of living in Lakeland North, WA?
The cost of living index in Lakeland North, WA is 154 (US average = 100). Median monthly rent is $2,227, median household income is $111,681/year, and the median home value is $501,600.
Is Lakeland North, WA affordable?
No, Lakeland North is more expensive than the national average with a cost index of 154. The rent-to-income ratio is 23.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lakeland North, WA?
The median gross rent in Lakeland North, WA is $2,227 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,724.
What is the median household income in Lakeland North?
The median household income in Lakeland North, WA is $111,681 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.