Silver Firs, WA

Very High · 215

Washington · Population 21,796 · Updated March 2026

$2,853
Median Rent / Month
$153,026
Median Income
$791,700
Median Home Value
$2,650
Owner Costs / Month

Affordability

How far your income goes in Silver Firs

22.4%
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

$34,236
Annual Rent
$0
State Income Tax
$7,284
Property Tax (est.)

Cost of Living Overview

Silver Firs has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 215 (where 100 equals the national median), Silver Firs residents can expect to pay median rent of $2,853/month while earning a median household income of $153,026/year.

The median home value in Silver Firs, WA is $791,700, with typical monthly owner costs around $2,650 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.4% 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 Silver Firs.

Frequently Asked Questions

Common questions about living costs in Silver Firs

What is the cost of living in Silver Firs, WA?
The cost of living index in Silver Firs, WA is 215 (US average = 100). Median monthly rent is $2,853, median household income is $153,026/year, and the median home value is $791,700.
Is Silver Firs, WA affordable?
No, Silver Firs is more expensive than the national average with a cost index of 215. The rent-to-income ratio is 22.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Silver Firs, WA?
The median gross rent in Silver Firs, WA is $2,853 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $34,236.
What is the median household income in Silver Firs?
The median household income in Silver Firs, WA is $153,026 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.