Cost of Living in Parkwood, WA
Population 6,976 · Washington · Data vintage 2023
(100 = US avg)
Parkwood sits on the smaller end of the Washington city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.1% — below most comparable cities in the state.
Geographically, Parkwood sits roughly 13 miles west of Seattle. Median home values run roughly 54% lower than Seattle's $912,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Parkwood
The median home value in Parkwood is $418,100 — 37% above the national median of $305,000. Median rent runs $1,746/month, 33% higher than the national median of $1,314/month. The median household income of $92,188/year is 24% higher than the US median of $74,580. The local unemployment rate is 1.1%, 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 61.6°F and lows of 46.0°F. Overall, Parkwood has a cost of living index of 135 versus the US average of 100, meaning it is 35% more expensive.
Parkwood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 49 | 51 | 55 | 60 | 67 | 71 | 77 | 77 | 72 | 61 | 53 | 48 |
| Low °F | 37 | 37 | 39 | 44 | 49 | 54 | 58 | 58 | 54 | 46 | 40 | 36 |
| Precip" | 5.21 | 3.71 | 3.94 | 2.89 | 1.98 | 1.22 | 0.56 | 0.83 | 1.37 | 3.49 | 5.80 | 5.49 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Parkwood, WA?
Parkwood has a cost index of 135 (100 = national average). It is 35% above the national average.
What is average rent in Parkwood, WA?
The median gross rent in Parkwood is $1,746 per month based on 2023 Census data.
What is the average home price in Parkwood?
The median home value in Parkwood is $418,100 according to Zillow and Census data.
What is the median income in Parkwood?
The median household income in Parkwood is $92,188 per year (2023 ACS 5-year estimates).
What is the sales tax in Parkwood, WA?
The combined state and local sales tax rate in Parkwood is 9.2%. Washington has no state income tax.
Is Parkwood, WA affordable?
Parkwood is above average in cost of living, with an index of 135 — about 35% higher than the national average.
What is the weather like in Parkwood?
Parkwood has average high temperatures of 61.6°F and average lows of 46.0°F. Annual precipitation is 36.5". Data from NOAA 1991–2020 Climate Normals.
Parkwood at a Glance
- Population
- 6,976
- Median Income
- $92,188
- Home Value
- $418,100
- Median Rent
- $1,746/mo
- Unemployment
- 1.1%
- Avg High Temp
- 61.6°F
- Sales Tax
- 9.2%
Nearby Cities
Explore county-level cost of living data
Washington Rankings
Similar Cost Cities
Cities in other states with comparable housing costs