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Cost of Living in Lacey, WA

Population 57,737 · Census ACS 2020–2024 5-year estimates

Median rent$1,870
Median home value$457,100
Median household income$90,625

The median rent in Lacey, WA is $1,870/month, 6% higher than the Washington median and 32% higher than the U.S. median. The median home value is $457,100, 37% higher than the national median. Households earn a median of $90,625 a year, 8% lower than the state median.

Affordability

Rent as a share of median income: 24.8%
Income needed for median rent (30% rule): $74,800/yr
Home price-to-income ratio: 5.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,311/mo

Run your own numbers: mortgage calculator · hourly to salary

Lacey vs. Washington vs. U.S.

LaceyWashingtonU.S.
Median rent$1,870$1,760$1,413
Median home value$457,100$564,600$332,700
Median household income$90,625$98,141$80,734
Homeownership rate55.9%63.8%65.2%
Bachelor's degree or higher34.1%39.6%35.7%
Poverty rate11.6%9.9%12.5%
Unemployment rate4.9%5.1%5.2%
Work from home16.9%19.8%15.1%
Median age37.338.338.9

FAQ

What is the average rent in Lacey, WA?

The median gross rent in Lacey, WA is $1,870 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Lacey, WA?

Using the common 30% rule, renting a median-priced home takes about $74,800 a year in gross income.

Is Lacey, WA expensive to live in?

Rent there is 32% higher than the U.S. median, and the median home costs about 5.0 times the median household income.

Other cities in Washington

Seattle, WARent $2,030 · Income $123,860Spokane, WARent $1,215 · Income $70,064Tacoma, WARent $1,676 · Income $85,884Vancouver, WARent $1,702 · Income $81,338Bellevue, WARent $2,572 · Income $165,576Kent, WARent $1,909 · Income $92,302

Cities with a similar cost of living

Farmers Branch, TXRent $1,864 · Income $91,186Azusa, CARent $1,887 · Income $90,721Marlborough, MARent $1,871 · Income $91,968Atascadero, CARent $1,854 · Income $91,429Perris, CARent $1,876 · Income $88,911Rahway, NJRent $1,845 · Income $91,461

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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