Cost of Living in Lake Forest Park, WA

Population 13,356 · Washington · Data vintage 2023

250
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Lake Forest Park run well above the national baseline, with a median of $929,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $158,868 place the city among the better-paid Washington metros.

Geographically, Lake Forest Park sits roughly 10 miles northeast of Seattle. Housing prices track closely with Seattle's $912,000 median.

Cost Overview

Housing 304
Rent 168

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

About the Cost of Living in Lake Forest Park

The median home value in Lake Forest Park is $928,700 — 204% above the national median of $305,000. Median rent runs $2,205/month, 68% higher than the national median of $1,314/month. The median household income of $158,868/year is 113% higher than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Washington charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 60.8°F and lows of 45.7°F, with about 3.8" of annual snowfall. Overall, Lake Forest Park has a cost of living index of 250 versus the US average of 100, meaning it is 150% more expensive.

🏠 Housing

Median Home Value
$928,700
204% above avg
Zillow Home Value
$1,023,146
Zillow ZHVI
Median Rent
$2,205/mo
68% above avg
Price-to-Rent Ratio
35.1x
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 80.8%
Renter-occupied 19.2%

💰 Estimated Monthly Budget

Rent median rent
$2,205
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,819/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
31.1 min
15% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
29.0%

Commute Mode

Drove alone
54.1%
Carpooled
6.6%
Public transit
5.6%
Walked
2.4%
Bicycle
0.8%
Work from home
29.0%

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
$158,868
113% above avg
Per Capita Income
$76,213
Unemployment Rate
3.9%
19% below avg
Poverty Rate
3.6%
Labor Force Participation
66.8%

🎓 Education

Bachelor's degree+ 37.3%
Graduate degree 28.7%

👥 Demographics

Median Age 42.8
Male median age 41.7
Female median age 43.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.8°F
Avg Low
45.7°F
Annual Precip
37.8"
Annual Snowfall
3.8"
30° 43° 55° 68° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475054596570777771615247
Low °F 373739434853575753474137
Precip" 5.143.543.862.982.161.570.781.001.743.655.855.55
Snow" 0.91.00.00.00.00.00.00.00.00.00.21.7

💨 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 Lake Forest Park, WA?

Lake Forest Park has a cost index of 250 (100 = national average). It is 150% above the national average.

What is average rent in Lake Forest Park, WA?

The median gross rent in Lake Forest Park is $2,205 per month based on 2023 Census data.

What is the average home price in Lake Forest Park?

The median home value in Lake Forest Park is $928,700 according to Zillow and Census data.

What is the median income in Lake Forest Park?

The median household income in Lake Forest Park is $158,868 per year (2023 ACS 5-year estimates).

What is the sales tax in Lake Forest Park, WA?

The combined state and local sales tax rate in Lake Forest Park is 9.2%. Washington has no state income tax.

Is Lake Forest Park, WA affordable?

Lake Forest Park is above average in cost of living, with an index of 250 — about 150% higher than the national average.

What is the weather like in Lake Forest Park?

Lake Forest Park has average high temperatures of 60.8°F and average lows of 45.7°F. Annual precipitation is 37.8". Average annual snowfall is 3.8". Data from NOAA 1991–2020 Climate Normals.

Lake Forest Park at a Glance

Population
13,356
Median Income
$158,868
Home Value
$928,700
Median Rent
$2,205/mo
Unemployment
3.9%
Avg High Temp
60.8°F
Sales Tax
9.2%
View all cities in Washington →
🗺️ County data for Washington

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs