Spokane Valley, WA

Average · 96

Washington · Population 105,460 · Updated March 2026

$1,247
Median Rent / Month
$70,722
Median Income
$344,300
Median Home Value
$1,255
Owner Costs / Month

Affordability

How far your income goes in Spokane Valley

21.2%
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

$14,964
Annual Rent
$0
State Income Tax
$3,168
Property Tax (est.)

Cost of Living Overview

Spokane Valley has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 96 (where 100 equals the national median), Spokane Valley residents can expect to pay median rent of $1,247/month while earning a median household income of $70,722/year.

The median home value in Spokane Valley, WA is $344,300, with typical monthly owner costs around $1,255 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.2% 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 Spokane Valley.

Frequently Asked Questions

Common questions about living costs in Spokane Valley

What is the cost of living in Spokane Valley, WA?
The cost of living index in Spokane Valley, WA is 96 (US average = 100). Median monthly rent is $1,247, median household income is $70,722/year, and the median home value is $344,300.
Is Spokane Valley, WA affordable?
Yes, Spokane Valley is more affordable than the national average with a cost index of 96. The rent-to-income ratio is 21.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Spokane Valley, WA?
The median gross rent in Spokane Valley, WA is $1,247 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,964.
What is the median household income in Spokane Valley?
The median household income in Spokane Valley, WA is $70,722 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.