Cost of Living in Fairwood CDP (King County), WA

Population 18,437 · Washington · Data vintage 2023

195
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Fairwood CDP (King County) sits 116% above the national median — $658,000 for the typical home — but median household incomes near $119,013 (60% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Geographically, Fairwood CDP (King County) is part of the immediate Renton metro area. Housing prices track closely with Renton's $631,000 median.

Cost Overview

Housing 216
Rent 164

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fairwood CDP (King County)

The median home value in Fairwood CDP (King County) is $658,000 — 116% above the national median of $305,000. Median rent runs $2,152/month, 64% higher than the national median of $1,314/month. The median household income of $119,013/year is 60% higher than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Washington charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 61.4°F and lows of 45.9°F. Overall, Fairwood CDP (King County) has a cost of living index of 195 versus the US average of 100, meaning it is 95% more expensive.

🏠 Housing

Median Home Value
$658,000
116% above avg
Median Rent
$2,152/mo
64% above avg
Price-to-Rent Ratio
25.5x
Favors renting
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$963
1 BR
$1,018
2 BR
$1,317
3 BR
$1,845
4 BR
$2,071
Owner-occupied 75.9%
Renter-occupied 24.1%

💰 Estimated Monthly Budget

Rent median rent
$2,152
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,766/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
36.9 min
37% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.4%

Commute Mode

Drove alone
63.7%
Carpooled
8.3%
Public transit
2.3%
Walked
0.7%
Bicycle
0.1%
Work from home
23.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.2%
State rate 6.5%
Avg local rate 2.7%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$119,013
60% above avg
Per Capita Income
$56,354
Unemployment Rate
5.0%
4% above avg
Poverty Rate
9.4%
Labor Force Participation
65.7%

🎓 Education

Bachelor's degree+ 33.2%
Graduate degree 15.4%

👥 Demographics

Median Age 38.5
Male median age 38.4
Female median age 38.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.4°F
Avg Low
45.9°F
Annual Precip
34.7"
30° 43° 55° 68° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485055606671777872615247
Low °F 373740434954585753464037
Precip" 4.933.213.742.831.861.470.600.891.533.495.614.53

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
58.6%
Good air days/yr
165
Max AQI recorded
273
PM2.5 days
86
Ozone days

Frequently Asked Questions

What is the cost of living in Fairwood CDP (King County), WA?

Fairwood CDP (King County) has a cost index of 195 (100 = national average). It is 95% above the national average.

What is average rent in Fairwood CDP (King County), WA?

The median gross rent in Fairwood CDP (King County) is $2,152 per month based on 2023 Census data.

What is the average home price in Fairwood CDP (King County)?

The median home value in Fairwood CDP (King County) is $658,000 according to 2023 Census ACS data.

What is the median income in Fairwood CDP (King County)?

The median household income in Fairwood CDP (King County) is $119,013 per year (2023 ACS 5-year estimates).

What is the sales tax in Fairwood CDP (King County), WA?

The combined state and local sales tax rate in Fairwood CDP (King County) is 9.2%. Washington has no state income tax.

Is Fairwood CDP (King County), WA affordable?

Fairwood CDP (King County) is above average in cost of living, with an index of 195 — about 95% higher than the national average.

What is the weather like in Fairwood CDP (King County)?

Fairwood CDP (King County) has average high temperatures of 61.4°F and average lows of 45.9°F. Annual precipitation is 34.7". Data from NOAA 1991–2020 Climate Normals.

Fairwood CDP (King County) at a Glance

Population
18,437
Median Income
$119,013
Home Value
$658,000
Median Rent
$2,152/mo
Unemployment
5.0%
Avg High Temp
61.4°F
Sales Tax
9.2%
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