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Lakewood, WA

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
98
Average
Median Home Value
$420,500
National: $426,735
Median Rent
$1,460/mo
National: $1,527/mo
Household Income
$70,524
National: $84,532
Population
63,034
Purchasing Power
85
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
99 / 100
100 = national average
Rent Index
96 / 100
Overall Index
98
Average

Lakewood Mortgage Calculator

Pre-filled with the local median home value of $420,500 and Washington's property tax rate of 0.98%.

Salary & Purchasing Power

Median household income is $70,524 17% below the national average.

What $70,524 in Lakewood Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$108,665+54%
Los Angeles, CA$122,338+73%
Chicago, IL$58,290-17%
Houston, TX$51,094-28%

Property Tax in Lakewood, WA

Est. Annual Property Tax
$4,121
Monthly Impact
$343
Added to your mortgage
Effective Rate
0.98%
National avg: ~1.00%

Washington Tax Overview

Tax TypeWashingtonNational Avg
Property Tax Rate0.98%1.00%
Top Income Tax RateNo State Income Tax~5.0%
State Sales Tax9.23%~5.0%

Compare Lakewood to Another City

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Cost of Living Comparison

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Lakewood, WA
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Lakewood, WA: 99
Rent Prices
96
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR