University Place, WA

Very High · 143

Washington · Population 34,850 · Updated March 2026

$1,664
Median Rent / Month
$94,952
Median Income
$578,100
Median Home Value
$1,787
Owner Costs / Month

Affordability

How far your income goes in University Place

21.0%
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

$19,968
Annual Rent
$0
State Income Tax
$5,319
Property Tax (est.)

Cost of Living Overview

University Place has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 143 (where 100 equals the national median), University Place residents can expect to pay median rent of $1,664/month while earning a median household income of $94,952/year.

The median home value in University Place, WA is $578,100, with typical monthly owner costs around $1,787 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% 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 University Place.

Frequently Asked Questions

Common questions about living costs in University Place

What is the cost of living in University Place, WA?
The cost of living index in University Place, WA is 143 (US average = 100). Median monthly rent is $1,664, median household income is $94,952/year, and the median home value is $578,100.
Is University Place, WA affordable?
No, University Place is more expensive than the national average with a cost index of 143. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in University Place, WA?
The median gross rent in University Place, WA is $1,664 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,968.
What is the median household income in University Place?
The median household income in University Place, WA is $94,952 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.