Parkland, WA

Above Avg · 115

Washington · Population 39,174 · Updated March 2026

$1,593
Median Rent / Month
$71,829
Median Income
$382,700
Median Home Value
$1,587
Owner Costs / Month

Affordability

How far your income goes in Parkland

26.6%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$19,116
Annual Rent
$0
State Income Tax
$3,521
Property Tax (est.)

Cost of Living Overview

Parkland is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 115 (where 100 equals the national median), Parkland residents can expect to pay median rent of $1,593/month while earning a median household income of $71,829/year.

The median home value in Parkland, WA is $382,700, with typical monthly owner costs around $1,587 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.6%, Parkland falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Parkland.

Frequently Asked Questions

Common questions about living costs in Parkland

What is the cost of living in Parkland, WA?
The cost of living index in Parkland, WA is 115 (US average = 100). Median monthly rent is $1,593, median household income is $71,829/year, and the median home value is $382,700.
Is Parkland, WA affordable?
No, Parkland is more expensive than the national average with a cost index of 115. The rent-to-income ratio is 26.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Parkland, WA?
The median gross rent in Parkland, WA is $1,593 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,116.
What is the median household income in Parkland?
The median household income in Parkland, WA is $71,829 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.