Cost of Living in Tacoma, Washington
In Tacoma, the median household income is $85,884 and the median gross rent is $1,676/mo, with a median home value of $479,600. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $85,884
- Median gross rent
- $1,676/mo
- Median home value
- $479,600
- Population
- 222,758
How Tacoma compares to the Washington average
| Measure | Tacoma, WA | Washington statewide | Difference |
|---|---|---|---|
| Median household income | $85,884 | $98,141 | -12.5% |
| Median gross rent (monthly) | $1,676 | $1,760 | -4.8% |
| Median home value | $479,600 | $564,600 | -15.1% |
Statewide, Washington prices average 107.0 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Tacoma
- Salary needed for median rent
- $67,040
- Rent burden at median income
- 23.4%
- Est. affordable home price
- $313,299
So that $1,676/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 Tacoma is $479,600 — +53.1% 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.