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Cost of Living in Parkland, WA

Population 38,742 · Census ACS 2020–2024 5-year estimates

Median rent$1,663
Median home value$423,000
Median household income$72,239

The median rent in Parkland, WA is $1,663/month, 6% lower than the Washington median and 18% higher than the U.S. median. The median home value is $423,000, 27% higher than the national median. Households earn a median of $72,239 a year, 26% lower than the state median.

Affordability

Rent as a share of median income: 27.6%
Income needed for median rent (30% rule): $66,520/yr
Home price-to-income ratio: 5.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,139/mo

Run your own numbers: mortgage calculator · hourly to salary

Parkland vs. Washington vs. U.S.

ParklandWashingtonU.S.
Median rent$1,663$1,760$1,413
Median home value$423,000$564,600$332,700
Median household income$72,239$98,141$80,734
Homeownership rate51.8%63.8%65.2%
Bachelor's degree or higher17.5%39.6%35.7%
Poverty rate13.0%9.9%12.5%
Unemployment rate6.1%5.1%5.2%
Work from home7.2%19.8%15.1%
Median age34.238.338.9

FAQ

What is the average rent in Parkland, WA?

The median gross rent in Parkland, WA is $1,663 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $66,520 a year in gross income.

Is Parkland, WA expensive to live in?

Rent there is 18% higher than the U.S. median, and the median home costs about 5.9 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

Marion Oaks, FLRent $1,658 · Income $72,392Sarasota, FLRent $1,684 · Income $72,105Colton, CARent $1,661 · Income $71,208Flagstaff, AZRent $1,645 · Income $71,512Burlington, VTRent $1,649 · Income $71,109Carolina Forest, SCRent $1,668 · Income $74,436

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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