Lakeland South, WA

Very High · 139

Washington · Population 12,869 · Updated March 2026

$1,558
Median Rent / Month
$105,273
Median Income
$530,900
Median Home Value
$2,068
Owner Costs / Month

Affordability

How far your income goes in Lakeland South

17.8%
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

$18,696
Annual Rent
$0
State Income Tax
$4,884
Property Tax (est.)

Cost of Living Overview

Lakeland South has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 139 (where 100 equals the national median), Lakeland South residents can expect to pay median rent of $1,558/month while earning a median household income of $105,273/year.

The median home value in Lakeland South, WA is $530,900, with typical monthly owner costs around $2,068 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.8% 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 South.

Frequently Asked Questions

Common questions about living costs in Lakeland South

What is the cost of living in Lakeland South, WA?
The cost of living index in Lakeland South, WA is 139 (US average = 100). Median monthly rent is $1,558, median household income is $105,273/year, and the median home value is $530,900.
Is Lakeland South, WA affordable?
No, Lakeland South is more expensive than the national average with a cost index of 139. The rent-to-income ratio is 17.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lakeland South, WA?
The median gross rent in Lakeland South, WA is $1,558 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,696.
What is the median household income in Lakeland South?
The median household income in Lakeland South, WA is $105,273 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.