Cost of Living in Spokane, Washington
In Spokane, the median household income is $70,064 and the median gross rent is $1,215/mo, with a median home value of $363,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $70,064
- Median gross rent
- $1,215/mo
- Median home value
- $363,500
- Population
- 230,293
How Spokane compares to the Washington average
| Measure | Spokane, WA | Washington statewide | Difference |
|---|---|---|---|
| Median household income | $70,064 | $98,141 | -28.6% |
| Median gross rent (monthly) | $1,215 | $1,760 | -31.0% |
| Median home value | $363,500 | $564,600 | -35.6% |
Statewide, Washington prices average 107.0 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Spokane
- Salary needed for median rent
- $48,600
- Rent burden at median income
- 20.8%
- Est. affordable home price
- $255,589
So that $1,215/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Spokane is $363,500 — +42.2% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Washington cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.