Cost of Living in Lake Goodwin, WA

Population 5,682 · Washington · Data vintage 2023

176
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lake Goodwin's housing market reflects its status as a high-earning metro: $670,000 for a typical home, 120% above the US median, paired with household incomes around $104,028 that put it in the upper third of the state.

Located 12 miles northwest of Everett, Lake Goodwin falls within that metro's commuting orbit. Median home values run roughly 26% higher than Everett's $532,000.

Cost Overview

Housing 220
Rent 110

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

About the Cost of Living in Lake Goodwin

The median home value in Lake Goodwin is $670,200 — 120% above the national median of $305,000. Median rent runs $1,439/month, 10% higher than the national median of $1,314/month. The median household income of $104,028/year is 39% higher than the US median of $74,580. The local unemployment rate is 3.4%, 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 57.9°F and lows of 44.9°F. Overall, Lake Goodwin has a cost of living index of 176 versus the US average of 100, meaning it is 76% more expensive.

🏠 Housing

Median Home Value
$670,200
120% above avg
Median Rent
$1,439/mo
10% above avg
Price-to-Rent Ratio
38.8x
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 93.9%
Renter-occupied 6.1%

💰 Estimated Monthly Budget

Rent median rent
$1,439
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,053/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
39.4 min
46% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.5%

Commute Mode

Drove alone
77.8%
Carpooled
8.0%
Work from home
12.5%

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
$104,028
39% above avg
Per Capita Income
$74,881
Unemployment Rate
3.4%
30% below avg
Poverty Rate
4.6%
Labor Force Participation
55.8%

🎓 Education

Bachelor's degree+ 22.7%
Graduate degree 5.2%

👥 Demographics

Median Age 52.4
Male median age 52.8
Female median age 51

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.9°F
Avg Low
44.9°F
Annual Precip
33.4"
30° 43° 55° 68° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 464852566366727368585045
Low °F 373739434851555552464036
Precip" 3.892.843.632.672.111.890.840.981.683.354.974.52

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 38 — Good
67.4%
Good air days/yr
175
Max AQI recorded
365
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Lake Goodwin, WA?

Lake Goodwin has a cost index of 176 (100 = national average). It is 76% above the national average.

What is average rent in Lake Goodwin, WA?

The median gross rent in Lake Goodwin is $1,439 per month based on 2023 Census data.

What is the average home price in Lake Goodwin?

The median home value in Lake Goodwin is $670,200 according to 2023 Census ACS data.

What is the median income in Lake Goodwin?

The median household income in Lake Goodwin is $104,028 per year (2023 ACS 5-year estimates).

What is the sales tax in Lake Goodwin, WA?

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

Is Lake Goodwin, WA affordable?

Lake Goodwin is above average in cost of living, with an index of 176 — about 76% higher than the national average.

What is the weather like in Lake Goodwin?

Lake Goodwin has average high temperatures of 57.9°F and average lows of 44.9°F. Annual precipitation is 33.4". Data from NOAA 1991–2020 Climate Normals.

Lake Goodwin at a Glance

Population
5,682
Median Income
$104,028
Home Value
$670,200
Median Rent
$1,439/mo
Unemployment
3.4%
Avg High Temp
57.9°F
Sales Tax
9.2%
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Explore county-level cost of living data

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