salaryRent is lower than in 65% of U.S. cities. A typical house costs about 6.7 years of household income, so buying is hard for most locals. Most households rent (65%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $54,840 a year. That is $26 an hour at a full-time job.
Is rent cheaper than other Washington cities?
Yes. Rent here is cheaper than in most of Washington. It is number 21 of 192 cities from cheapest to most expensive.
How much do households earn in Cheney?
Share of households by yearly income. 19.0% of households earn $100,000 or more.
Rent by apartment size in Cheney
| Size | Cheney | U.S. average |
|---|---|---|
| Studio | $974 | $1,338 |
| 1 bedroom | $1,041 | $1,324 |
| 2 bedrooms | $1,321 | $1,509 |
| 3 bedrooms | $1,386 | $1,698 |
| 4 bedrooms | $2,046 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cheney overall?
Everyday prices in Washington overall are 7% above the U.S. average (index 107.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cheney, so the Washington figure is shown.
Taxes and bills in Cheney
Life in Cheney
Is it cheaper to rent or buy in Cheney?
Renting is cheaper right now: about $1,376 a month less.
Owning assumes a typical $395,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,590 for the down payment.
Frequently asked questions
What is the average rent in Cheney, WA?
Renting in Cheney costs a median of about $1,371 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Cheney?
To keep rent under 30% of income, you need about $54,840 a year, or $26 an hour at a full-time job.
Is Cheney cheap or expensive?
Cheney is rated OK: rent takes 28.0% of the typical household income of $58,781. It ranks 21st cheapest of 192 Washington cities we track.
How much are property taxes in Cheney?
The median homeowner in Cheney pays $3,251 a year in property taxes, about 0.82% of the median home value.
Is Cheney more expensive than the national average?
Overall prices in Washington are 7% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Cheney?
The median home value in Cheney is $395,900, about 6.7 times the typical yearly household income.
12,804 people live in Cheney. Numbers are typical (middle) values.