Cost of Living in University Place, WA
Population 34,911 · Census ACS 2020–2024 5-year estimates
The median rent in University Place, WA is $1,762/month, about the same as the Washington median and 25% higher than the U.S. median. The median home value is $624,800, 88% higher than the national median. Households earn a median of $99,031 a year, about the same as the state median.
Affordability
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University Place vs. Washington vs. U.S.
| University Place | Washington | U.S. | |
|---|---|---|---|
| Median rent | $1,762 | $1,760 | $1,413 |
| Median home value | $624,800 | $564,600 | $332,700 |
| Median household income | $99,031 | $98,141 | $80,734 |
| Homeownership rate | 57.2% | 63.8% | 65.2% |
| Bachelor's degree or higher | 42.1% | 39.6% | 35.7% |
| Poverty rate | 8.2% | 9.9% | 12.5% |
| Unemployment rate | 5.1% | 5.1% | 5.2% |
| Work from home | 16.9% | 19.8% | 15.1% |
| Median age | 40.1 | 38.3 | 38.9 |
FAQ
What is the average rent in University Place, WA?
The median gross rent in University Place, WA is $1,762 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in University Place, WA?
Using the common 30% rule, renting a median-priced home takes about $70,480 a year in gross income.
Is University Place, WA expensive to live in?
Rent there is 25% higher than the U.S. median, and the median home costs about 6.3 times the median household income.
Other cities in Washington
Cities with a similar cost of living
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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